Bullish
NEAR Protocol's price surges 15% as Intents cross-chain volume exceeds $19 billion.
Over the past 24 hours, NEAR Protocol's native token, NEAR, experienced a 15% price increase, reaching $2.80. This surge is attributed to the growing adoption of NEAR's cross-chain transaction product, NEAR Intents, which has surpassed $19 billion in cumulative volume. The platform's ability to facilitate seamless cross-chain transactions has attracted significant investor interest, contributing to the token's upward momentum.
Key points
- NEAR's price increased by 15% to $2.80, extending a 30-day rally that has pushed the token's price up approximately 90%.
- NEAR Intents has processed more than $19 billion in cumulative volume, generating approximately $32 million in fees, drawing renewed attention to the protocol.
- The Bitwise NEAR Staking exchange-traded product (ETP), listed in Europe, has reached approximately $40 million in assets under management and recorded $7 million in inflows in a single week.
- A network upgrade scheduled for June 2026 introduces dynamic resharding, allowing the network to automatically adjust its shard structure in response to growing demand without requiring manual protocol upgrades or validator votes.
Sources
AI-generated from public news sources. Not financial advice.
