NEAR Protocol recorded a 6% gain to $5.50, accumulating growth of 138% to 140% over the last 30 days based on CoinGecko data. The shift in valuation pushed NEAR’s market capitalization past Stellar (XLM) while returning the asset to the ranks of the world’s 20 largest cryptocurrencies.
NEAR’s daily trading volume reached $1.26 billion, outpacing XLM which remained stalled at the $177 million level. The sharp disparity in trading activity underscores buyer interest in cross-chain utility across the NEAR ecosystem.
Cross-Chain Catalysts and Institutional Sentiment
Capital inflows aligned with adoption of the cross-chain protocol NEAR Intents. Cumulative transaction volume on the layer surpassed $33 billion across 35 blockchain networks, adding $3 billion since the beginning of the week. In the privacy sector, Total Value Locked (TVL) on Confidential Intents also climbed to $144.06 million, posting 335.1% growth over the past 90 days.
Institutional players have also responded to the network’s growth. Bitwise Chief Investment Officer Matt Hougan noted that NEAR holds real appeal because it combines Intents transactions with plans to build cross-blockchain artificial intelligence (AI) agent infrastructure. Institutional sentiment aligns with Bitwise’s track record of launching the first spot NEAR ETP in the United States on September 29. Trading under the ticker NRR on the NYSE Arca exchange, the institutional product carries a 0.75% management fee and plans to offer staking features.
Covering Omni Hack Losses
NEAR’s price performance today also helped erase lingering negative sentiment from last week’s $3.8 million Omni deposit exploit. NEAR co-founder Illia Polosukhin stepped in directly to restore all victim funds.
The market shrugged off the past exploit and responded to the reimbursement by resuming buying activity. For crypto investors, the speed of absorbing such losses draws a clear line between maturely governed networks and projects that stagnate after a hack.
Reported by crypto.news.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
