NEAR Price Rally Gains Strength as Cross-Chain Activity Drives Market Optimism

NEAR Protocol’s native token extended its strong upward momentum, climbing 15% in the last 24 hours to around $2.8 as investor interest returned to blockchain infrastructure and cross-chain networks. The rally has nearly doubled NEAR’s price over the past month, with gains approaching 90%.

NEAR Intents Growth Supports Price Momentum

A major factor behind the latest rise is the growing use of NEAR Intents, the network’s cross-chain transaction system designed to simplify asset transfers across blockchains.

The system allows users to request an action, such as swapping USDC on Ethereum for SOL on Solana, while third-party solvers complete the transaction behind the scenes. Recent data shows NEAR Intents has processed more than $19 billion in total trading volume and generated nearly $32 million in fees, highlighting increased demand for the platform.

Market attention also increased after crypto investor Arthur Hayes mentioned NEAR alongside HYPE and ZEC as part of what he described as crypto’s “holy trinity,” suggesting the token may still have room to grow.

June Upgrade Adds More Optimism

Investors are also watching a planned June network upgrade introducing dynamic resharding, a system designed to automatically divide network activity as demand rises. The upgrade aims to improve scalability and performance during busy periods.

Institutional interest appears to be growing as well. The Bitwise NEAR Staking ETP in Europe reportedly expanded to nearly $40 million in assets after attracting fresh inflows.

Despite recent gains, NEAR remains significantly below its all-time high near $20 reached in 2022.