$NEAR was up 11% in a day! Solana infrastructure bigwig goes to work for NEAR—what signal does this send? 🔥🚀
Put simply, this was the hottest topic on the feed today: $NEAR surged 11% in a day, and #NEARRisesNearly10% shot straight onto the trending list, with 35,000 views and 285 people arguing about it.
What are they arguing about? Helius CEO Mert joined the NEAR Foundation Council. This isn’t some honorary title—the Council oversees NEAR’s top-level decisions, essentially acting as its board of directors. Who is this guy? Helius is a leading infrastructure provider in the Solana ecosystem. Phantom, Jupiter, and Coinbase all use its nodes and RPC. In other words: one of Solana’s top players has gone over to NEAR to lend his name and expertise.
I’ve said it before: don’t talk about loyalty between chains—it all comes down to where the traffic and money are going. NEAR Intents has racked up $33 billion in cumulative trading volume, and privacy TVL has topped $160 million. That’s why Mert was willing to lend his name. “Unified cross-chain liquidity” is the narrative; the numbers are what give it substance.
But don’t ignore the risks—I’ll still pour some cold water on this: earlier this month, NEAR Intents was just hit by a $3.8 million exploit. A deposit and withdrawal vulnerability brought all 11 chains to a halt. The bug was fixed and they said everyone was fully compensated, but the history is right there. This 11% move is sentiment driven by the news, not a fundamental turnaround.
So where do I stand at this price? I buy the logic, but I’m not chasing the rally. $NEAR is the narrative, $SOL is the infrastructure, and Mert has connected the two—that’s what you call a real “cross-chain veteran.” If this money really flows into Intents, NEAR’s value proposition will be on a whole different level.
I don’t know whether the folks at $SOL are panicking, but I’ve got one thing figured out: for the next narrative, cross-chain aggregators are worth waiting to buy on a pullback.
Which side are you betting on? Let the arguments begin in the comments 👇
#NEAR #Solana #CryptoNews #Intents
Put simply, this was the hottest topic on the feed today: $NEAR surged 11% in a day, and #NEARRisesNearly10% shot straight onto the trending list, with 35,000 views and 285 people arguing about it.
What are they arguing about? Helius CEO Mert joined the NEAR Foundation Council. This isn’t some honorary title—the Council oversees NEAR’s top-level decisions, essentially acting as its board of directors. Who is this guy? Helius is a leading infrastructure provider in the Solana ecosystem. Phantom, Jupiter, and Coinbase all use its nodes and RPC. In other words: one of Solana’s top players has gone over to NEAR to lend his name and expertise.
I’ve said it before: don’t talk about loyalty between chains—it all comes down to where the traffic and money are going. NEAR Intents has racked up $33 billion in cumulative trading volume, and privacy TVL has topped $160 million. That’s why Mert was willing to lend his name. “Unified cross-chain liquidity” is the narrative; the numbers are what give it substance.
But don’t ignore the risks—I’ll still pour some cold water on this: earlier this month, NEAR Intents was just hit by a $3.8 million exploit. A deposit and withdrawal vulnerability brought all 11 chains to a halt. The bug was fixed and they said everyone was fully compensated, but the history is right there. This 11% move is sentiment driven by the news, not a fundamental turnaround.
So where do I stand at this price? I buy the logic, but I’m not chasing the rally. $NEAR is the narrative, $SOL is the infrastructure, and Mert has connected the two—that’s what you call a real “cross-chain veteran.” If this money really flows into Intents, NEAR’s value proposition will be on a whole different level.
I don’t know whether the folks at $SOL are panicking, but I’ve got one thing figured out: for the next narrative, cross-chain aggregators are worth waiting to buy on a pullback.
Which side are you betting on? Let the arguments begin in the comments 👇
#NEAR #Solana #CryptoNews #Intents