NEAR Protocol has experienced a notable 6.7% rise in the CoinDesk 20 Index, leading the index higher amidst a broader market uptrend. This increase is part of a larger 50% gain over the past month, driven by heightened user activity, increased network total value locked (TVL), and a significant network upgrade. Despite facing heavy institutional selling and price volatility, NEAR has shown resilience, with prices stabilizing after fluctuations between $2.78 and $3.05.
Strategically, NEAR is making strides in the decentralized finance (DeFi) space, as evidenced by the Orderly Network securing $20 million to enhance decentralized applications on the platform. Additionally, collaborations with projects like Infinex aim to improve DeFi user experiences by reducing fragmentation. These developments underscore NEAR's commitment to expanding its ecosystem and enhancing its market position, while also navigating challenges such as institutional sell-offs and public controversies.
NEAR Protocol's Surge: Analyzing Growth Amidst Market Volatility
October 10, 2025
1 min read
NEAR Protocol has experienced a notable 6.7% rise in the CoinDesk 20 Index, leading the index higher amidst a broader market uptrend. This increase is part of a larger 50% gain over the past month, driven by heightened user activity, increased network total value locked (TVL), and a significant network upgrade. Despite facing heavy institutional selling and price volatility, NEAR has shown resilience, with prices stabilizing after fluctuations between $2.78 and $3.05.