Cross-chain trading app gains momentum! NEAR surges over 15% against the trend, doubling in a single month — heading into the "main upward wave"?

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The long-dormant Layer1 blockchain NEAR Protocol has recently regained fierce upward momentum. Benefiting from the stellar performance of its cross-chain trading system and capital inflows, the NEAR token price has surged over 15% in the past 24 hours, breaking through the $2.8 mark. This sharp rally not only extends the recent bullish trend but has also doubled the NEAR price within just one month, making it a focal point of the recent cryptocurrency market. Cross-Chain Trading Becomes the Engine The biggest contributor igniting this rally is undoubtedly the unprecedented success of NEAR Protocol's cross-chain trading system, "NEAR Intents." This product features an "Intent-centric" trading experience, where users don't need to manually handle cumbersome cross-chain processes themselves—they only need to state "the result they want to achieve," such as "swap USDC on Ethereum for SOL on Solana," and the subsequent route planning, asset bridging, and trade execution are automatically completed in the background by third-party "Solvers." According to DefiLlama statistics, NEAR Intents' cumulative trading volume has exceeded $19 billion, generating approximately $32 million in fee revenue. Such impressive operational data has successfully reawakened market attention to the protocol, leading NEAR's price out of months of consolidation gloom. Big Names Endorse, Institutional Capital Accelerates Entry Beyond strong fundamentals, the boost from market heavyweights has also added fuel to NEAR's rally. BitMEX co-founder Arthur Hayes recently posted on social media, listing NEAR alongside Hyperliquid (HYPE) and Zcash (ZEC) as the "Holy Trinity" of this bull cycle, bluntly stating that this rally "has only just begun, with promising prospects ahead." In fact, market capital rotation and institutional buying have already injected a shot in the arm for NEAR. Earlier this month, as market capital flowed back into AI and blockchain infrastructure sectors, NEAR had already pulled off a 30% rally. Meanwhile, institutional investor interest has also significantly heated up. Taking the Europe-listed "Bitwise NEAR Staking ETP" as an example, assets under management have expanded to approximately $40 million, and in just one week, it attracted $7 million in new capital inflows. Major Upgrade Coming in June, Technical Scaling Highly Anticipated by Market Looking ahead, investors are closely watching the major network upgrade scheduled to launch in June this year, when NEAR Protocol will introduce "Dynamic Resharding" technology. This technology enables the blockchain, when facing massive transaction demand, to automatically split network load for processing, thereby significantly enhancing scalability and transaction smoothness during high-traffic periods. However, despite the recent strong bullish momentum, investors should still note that NEAR's current price remains a considerable distance from its all-time high of nearly $20 set in 2022.

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Published:2026-05-26 02:42:22

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