NEAR Protocol Surges 15% as Cross-Chain Volume Tops $19B
What happened: NEAR Protocol’s token price jumped 15% in 24 hours to $2.
What happened: NEAR Protocol’s token price jumped 15% in 24 hours to $2.80, extending its monthly gain to nearly 90%. The rally was fueled by NEAR Intents, a cross-chain intent-based swap layer that has processed over $19 billion in cumulative volume and generated $32 million in fees. Public endorsement from Arthur Hayes, who called NEAR part of the “holy trinity” of altcoins, also contributed to momentum. A major network upgrade introducing dynamic resharding is scheduled for June.
Why it matters: NEAR’s rapid growth in cross-chain volume and fees underscores the rising demand for interoperability and DeFi automation. The protocol’s ability to attract both technical adoption and high-profile endorsements positions it as a key player in the evolving multichain landscape. However, the sustainability of the rally will depend on continued product traction and successful rollout of network upgrades.
Source: CoinDesk