#NEARRisesNearly10%
The native token of NEAR Protocol has risen 9.9% in the last 24 hours, reaching a price of $5.33 USD following a strong rebound in the crypto market led by Bitcoin.
The ecosystem has seen a significant surge in volume, driven by institutional interest and its cross-chain trading infrastructure. The upward move triggered the liquidation of more than $1 million in short positions on major platforms such as Binance, Bybit, and OKX, accelerating the rise.
NEAR Intents (its tool for transferring assets between different blockchains without traditional bridges) recorded a record volume of swap transactions, generating constant buybacks of the native token through network fees.
Medium-term optimism is supported by the recent launch of the Bitwise NEAR ETF in the U.S. and an active governance proposal to reduce the annual token issuance from 2.5% to 1.6%, which would ease the asset’s inflationary pressure
$NEAR
$BTC
$MSFTB
The native token of NEAR Protocol has risen 9.9% in the last 24 hours, reaching a price of $5.33 USD following a strong rebound in the crypto market led by Bitcoin.
The ecosystem has seen a significant surge in volume, driven by institutional interest and its cross-chain trading infrastructure. The upward move triggered the liquidation of more than $1 million in short positions on major platforms such as Binance, Bybit, and OKX, accelerating the rise.
NEAR Intents (its tool for transferring assets between different blockchains without traditional bridges) recorded a record volume of swap transactions, generating constant buybacks of the native token through network fees.
Medium-term optimism is supported by the recent launch of the Bitwise NEAR ETF in the U.S. and an active governance proposal to reduce the annual token issuance from 2.5% to 1.6%, which would ease the asset’s inflationary pressure
$NEAR
$BTC
$MSFTB