NEAR enters crypto’s top 20 after 140% surge in 30 days
NEAR Protocol’s native token entered the top 20 cryptocurrencies by market capitalization after gaining about 138% over the past 30 days, according to CoinGecko. NEAR traded near $5.51 with an estimated market capitalization of roughly $7.2 billion as trading volume reached about $1.2 billion in 24 hours.
Why It Matters
The move into the top 20 follows a surge in on-chain activity for NEAR Intents and the launch of the first U.S. spot exchange-traded product tracking NEAR, developments that increase institutional and retail exposure to the token. The token’s ascent also occurred amid a recent security incident on NEAR Intents that was later resolved, underscoring both rising adoption and operational risks.
Key Facts
- 30-day price change: ~+138% (per CoinGecko)
- Current price (time of report): ~$5.51
- Market capitalization: ~$7.2 billion
- 24-hour trading volume: ~$1.2 billion
- NEAR Intents cumulative volume: >$31 billion (NEAR Intents Explorer)
NEAR Protocol’s token climbed into the top 20 cryptocurrencies by market capitalization after a roughly 138% rally over the previous 30 days, CoinGecko data shows. At the time cited in the report, NEAR traded around $5.51, giving it an estimated market value near $7.2 billion and a 24-hour trading volume of about $1.2 billion, placing it ahead of Stellar (XLM), which has a market cap close to $7 billion. The growth in NEAR’s market position has coincided with expanding activity on NEAR Intents, a cross-chain trading protocol built in the NEAR ecosystem. The NEAR Intents Explorer indicates the protocol has processed more than $31 billion in cumulative transaction volume, a milestone cited alongside the token’s market rise. Institutional accessibility may have contributed to increased demand: on Sept. 29 the first U.S. spot exchange-traded product tied to NEAR began trading on NYSE Arca. The Bitwise-managed fund trades under the ticker NRR and is designed to give investors exposure to NEAR without direct custody of the token. The uptick occurred amid a recent security event affecting NEAR Intents. Last week the protocol reported a $3.8 million exploit involving its deposit-and-withdrawal infrastructure; NEAR Intents’ general manager Alex Shevchenko stated on Oct. 2 that the stolen funds had been returned, a day after the breach was disclosed.
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