$NEAR surged over 20% following news of AI-scaling and network upgrades.
NEAR exploded: the token jumped from $2.01 to $2.41 in just one day, with daily trading volume exceeding $1 billion. The main reason is the market sharply reassessing the role of
$NEAR in the AI infrastructure sector after NVIDIA's strong report and a new wave of interest in AI tokens.
An additional catalyst was the confirmation of the
#NEAR v2.13 update in June. The network will launch
#DynamicResharding — an automatic scaling system that will allow the blockchain to add new shards independently without manual intervention from validators. This solution is tailored for AI agents and high-load scenarios. The update also includes post-quantum-safe signing — protection against future quantum threats.
Institutional interest has also intensified: Bitwise
$NEAR Staking ETP recorded an influx of funds, with the product's assets reaching $36 million. Separately, the market reacted positively to the Intents Fee mechanism, which triggers the automatic buyback of NEAR tokens.
Technically, the market is already overheated: the RSI on the 4H chart exceeds 88, so a short-term profit-taking seems likely. However, if the $2.00–2.05 zone holds,
#NEAR could continue its upward movement as one of the main AI narratives of this cycle.