NEAR Protocol Surges 15% as Cross-Chain Activity Hits $19 Billion — What's Driving the Rally?

 


NEAR Protocol Surges 15% as Cross-Chain Activity Hits $19 Billion — What's Driving the Rally?

NEAR Protocol's token has surged another 15% in the past 24 hours, pushing its price to $2.8 and extending a remarkable month-long rally that has nearly doubled its value — a 90% gain in just 30 days.

The move is turning heads across the crypto market, with three key catalysts driving the momentum.

NEAR Intents: The Engine Behind the Rally

The primary fuel for NEAR's price surge is a product called NEAR Intents — the network's cross-chain transaction system that has quietly become one of the most used tools in decentralized finance.

NEAR Intents allows users to simply state what they want — for example, swapping USDC on Ethereum for SOL on Solana — and third-party solvers handle the technical execution behind the scenes. This makes cross-chain transactions seamless and accessible to ordinary users.

The numbers speak for themselves: NEAR Intents has now processed more than $19 billion in cumulative volume and generated approximately $32 million in fees, drawing renewed institutional and retail attention to the protocol.

Arthur Hayes Calls NEAR Part of Crypto's "Holy Trinity"

Adding further momentum, BitMEX co-founder Arthur Hayes publicly described NEAR, Hyperliquid's HYPE token, and ZEC as crypto's "holy trinity" in a widely shared social media post. He later followed up suggesting there is a "long way to go" in the current rally — a statement that sent additional buying pressure into NEAR.

Institutional Demand Growing

Institutional interest is also building. The Bitwise NEAR Staking ETP, listed in Europe, has grown to approximately $40 million in assets under management, recording $7 million in inflows in a single week — a sign that professional investors are beginning to take NEAR seriously as a long-term infrastructure play.

June Network Upgrade on the Horizon

Investors are also positioning ahead of an important June upgrade that introduces dynamic resharding — a technical improvement that automatically splits network shards as demand increases, making the network significantly more scalable during periods of heavy usage.

Still Far From Its Peak

Despite the strong rally, NEAR remains well below its 2022 all-time high near $20, suggesting significant room for further upside if momentum continues.

NEAR Protocol is a Layer-1 blockchain focused on AI infrastructure, cross-chain applications, and scalability. Its proof-of-stake architecture and growing ecosystem of cross-chain tools are positioning it as a serious competitor in the next phase of blockchain adoption.

Source: CoinDesk

Comments

Post a Comment

Popular posts from this blog

Bitcoin Climbs Back Toward $70,000 as Order Book Shows $500M in Waiting Bids

Image
  Bitcoin Climbs Back Toward $70,000 as Order Book Shows $500M in Waiting Bids Bitcoin is once again approaching the $70,000 threshold — a level that has become one of the most closely watched price points in the current market cycle — as fresh order book data reveals a significant concentration of buy orders waiting just below current prices. According to CoinGlass data cited by multiple analysts on May 30, the Bitcoin order book shows more than $500 million in limit buy orders stacked between $68,000 and $72,000. This concentration of capital suggests that large institutional and retail participants are prepared to absorb selling pressure aggressively at these levels. What the Order Book Is Telling Us The presence of a large bid wall near $70,000 is a meaningful signal for several reasons. It indicates that well-capitalised participants — likely including institutional desks, market makers, and large retail traders — have pre-positioned for a potential dip to this zone. When bid ...
Read more

JPMorgan CEO Jamie Dimon Vows to Fight Crypto CLARITY Act — Here's Why Banks Are Pushing Back

Image
  JPMorgan CEO Jamie Dimon Vows to Fight Crypto CLARITY Act — Here's Why Banks Are Pushing Back One of Wall Street's most powerful voices has drawn a clear line in the sand against the United States' most significant proposed crypto legislation — and the fight could reshape the future of digital asset regulation in America. JPMorgan Chase CEO Jamie Dimon confirmed in a widely reported statement that major banks will actively oppose the Digital Asset Market Clarity Act, known as the CLARITY Act, as currently drafted. His objections centre on two specific provisions that he argues would fundamentally disadvantage traditional banks in the emerging digital asset economy. What Is the CLARITY Act? The CLARITY Act represents one of the most comprehensive attempts by U.S. lawmakers to create a regulatory framework for digital assets. It seeks to define which cryptocurrencies fall under SEC jurisdiction versus CFTC oversight, establish rules for crypto exchanges, and create standard...
Read more

SEC Just Proposed Removing Two Old Rules — And It Could Change Crypto Trading Forever

Image
  SEC Just Proposed Removing Two Old Rules — And It Could Change Crypto Trading Forever Okay, this one is actually a big deal. If you've been following crypto news lately, you've probably heard the term "tokenized stocks" floating around more and more. Well, this week the SEC did something that could make that whole world a reality — and faster than most people expected. Let me break down exactly what happened and why it matters to you. What Did the SEC Actually Do? On June 13, 2026, the U.S. Securities and Exchange Commission proposed getting rid of two old market rules — Rule 611 and Rule 610(e). These were part of something called the National Market System framework, which basically sets the rules for how stocks are traded in America. Now, these rules have been around for a long time. And the SEC itself admitted they no longer reflect how modern markets actually work. Trading technology has changed dramatically. Blockchain exists. Decentralized platforms exist. Bu...
Read more