Bullish
NEAR Protocol's price rises 3.4% following quantum-safe upgrade and increased derivatives activity.
Over the past 24 hours, NEAR Protocol's price has increased by approximately 3.4%, driven by the successful implementation of a significant protocol upgrade and a surge in derivatives market activity. The upgrade introduced quantum-safe signing and dynamic resharding, enhancing the network's security and scalability. Additionally, a notable rise in futures flows and open interest indicates growing investor confidence.
Key points
- NEAR Protocol successfully launched the nearcore 2.13 upgrade, incorporating FIPS-204 post-quantum signing and dynamic resharding, positioning it as a leader in blockchain security and scalability.
- The derivatives market experienced a 242% net inflow in a four-hour window, with open interest on major platforms like Binance, Bybit, and MEXC remaining elevated, signaling increased investor interest.
- Co-founder Illia Polosukhin highlighted the threat of AI-powered hackers and advocated for AI-assisted formal verification, emphasizing the project's commitment to advanced security measures.
- Hedge funds are reducing exposure to tech and AI tokens, which could lead to capital rotation away from high-beta crypto assets like NEAR if institutional liquidity tightens.
Sources
AI-generated from public news sources. Not financial advice.
