$NEAR From a 1.0 rebound of 130%, it then runs straight into the 2.40–2.50 four-year downward trend line, and the 100-week EMA is also at 2.44. Below, there are $1.53M worth of long liquidations stacked around 2.13; if it drops further, it would total an additional $13M in liquidations. Either it breaks out with strong volume, or it’s a fakeout.
The fundamentals aren’t bad: Chain abstraction operations surpassed $50M, monthly active users reached 450K, NEAR Intents settlement exceeded $13B, annual inflation was cut to 2.5%, and all fees are fully burned. More than 500K NEAR is staked for AI, supporting 43 models.
But value capture is too weak: total fees over 30 days are $3.48M, with net protocol fees only $757.5K. With $13B in settlement volume, the protocol takes far too little. A sovereign fund proposal for 30M NEAR is still under discussion. #NEAR🚀🚀🚀
The fundamentals aren’t bad: Chain abstraction operations surpassed $50M, monthly active users reached 450K, NEAR Intents settlement exceeded $13B, annual inflation was cut to 2.5%, and all fees are fully burned. More than 500K NEAR is staked for AI, supporting 43 models.
But value capture is too weak: total fees over 30 days are $3.48M, with net protocol fees only $757.5K. With $13B in settlement volume, the protocol takes far too little. A sovereign fund proposal for 30M NEAR is still under discussion. #NEAR🚀🚀🚀