NEAR surges 15% as cross-chain activity and on-chain fees drive renewed interest NEAR Protocol’s native token jumped roughly 15% in 24 hours to $2.80, extending a month-long rally that has doubled its price over the last 30 days. The surge comes as activity around NEAR Intents — the network’s cross-chain transaction layer — picks up steam and draws fresh attention to the project. What’s fueling the move NEAR Intents lets users specify a desired outcome across chains (for example, swapping USDC on Ethereum for SOL on Solana) while third‑party “solvers” execute the multi-chain operations behind the scenes. According to DeFiLlama, NEAR Intents has processed more than $19 billion in cumulative volume and generated about $32 million in fees, metrics that have helped re-energize sentiment after months of muted price action. Social momentum and inflows The rally also picked up pace after BitMEX co-founder Arthur Hayes lumped NEAR, Hyperliquid’s HYPE and ZEC into crypto’s so-called “holy trinity,” adding there’s still a “long way to go” in NEAR’s upside. Earlier in the month, NEAR posted a roughly 30% gain as traders rotated into tokens tied to artificial intelligence and blockchain infrastructure. Institutional interest is following suit. The Bitwise NEAR Staking ETP, listed in Europe, now manages about $40 million in assets after seeing roughly $7 million in inflows in a single week, signaling growing appetite from larger investors. Technical upgrade on the horizon Looking ahead, NEAR is preparing a June network upgrade that will introduce dynamic resharding — automatic splitting of shards as demand grows — a change aimed at improving scalability during traffic spikes and supporting higher throughput as the ecosystem expands. Still a long way from peak Despite the recent momentum, NEAR remains well below its 2022 high near $20. The project positions itself as a layer‑1 blockchain optimized for applications, AI infrastructure and cross‑chain transactions, operating on a proof‑of‑stake model with sharding to handle large transaction volumes. Bottom line Rising cross‑chain usage and fee generation from NEAR Intents, combined with social buzz and increasing institutional inflows, have converged to propel NEAR’s latest leg up. The success of the upcoming dynamic resharding upgrade will be watched closely as a potential catalyst for sustained growth.
NEAR Rises 15% as Cross-Chain Volume and Fees Drive Rally
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Summary
NEAR Protocol’s token climbed 15% in 24 hours to $2.80, fueled by rising on-chain data and fees. NEAR Intents has handled over $19 billion in cross-chain volume and earned $32 million in fees. On-chain analysis shows growing institutional interest, with the Bitwise NEAR Staking ETP holding $40 million in assets. The network will launch a June upgrade with dynamic resharding to boost scalability and throughput.
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