NEAR has risen over 15% in the past 24 hours, with a cumulative gain of more than 100% over the past month. This rally is linked to renewed capital flows into AI and infrastructure-focused crypto projects, bringing NEAR back into the spotlight among large-cap altcoins.
On-chain data continues to strengthen
A direct factor driving market momentum is the increased usage of NEAR Intents. The report notes that the cumulative trading volume for this feature has surpassed $19 billion, generating approximately $32 million in fee revenue, indicating simultaneous growth in network activity and user demand.
For the market, this type of data provides stronger support than a simple price rebound. Increased trading volume and fees indicate that on-chain activity is not solely driven by short-term sentiment, and NEAR’s actual usage is improving.
AI-driven narratives are attracting capital backflow.
Recent capital rotation in the crypto market has once again favored AI and infrastructure-related projects. NEAR encompasses both of these themes, making it more likely to attract increased attention as these sectors rebound.
The report also mentioned that Arthur Hayes included NEAR alongside Hyperliquid and Zcash in his so-called "holy trinity" of altcoin trading positions. This statement further increased market discussion and reinforced short-term sentiment.
- Up more than 15% in the last 24 hours
- Cumulative gain over the past month exceeds 100%
- NEAR Intents cumulative trading volume exceeds $19 billion
The market is now watching its subsequent usage performance.
After the rapid price increase, traders are now closely watching whether fundamental data can keep pace. The market is primarily observing network usage, fee performance, and whether AI-related partnerships can continue to generate new demand.
If these indicators continue to improve, NEAR could further solidify its current breakout trend and attract greater attention in the next round of large-cap altcoin momentum. If on-chain activity slows, the short-term rally may enter a consolidation phase.