NEAR Protocol Skyrockets and Breaks $3.5 Barrier

TL;DR

• NEAR Protocol is trading at $3.68 after gaining 23.02% in 24 hours, extending a sharp multi-day rally.
• The move follows stronger activity around NEAR Intents, which now handles cross-chain execution across dozens of networks.
• A $70 million confidential TVL milestone also activated the [email protected] incentive program, while confidential trading features add another catalyst for demand.
  

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NEAR Protocol has pushed above the $3.5 barrier as buyers extend a rally that has rapidly shifted attention toward the token and its expanding product ecosystem. At the time of writing, NEAR trades at $3.68, up 23.02% over the past 24 hours, according to the latest figures provided.

The move builds on several sessions of strong appreciation. Recent market data shows NEAR rising from the mid-$2 range earlier in the week, with the token gaining more than 40% over a three-day period in some market readings.  

The latest advance comes as NEAR increasingly positions itself around cross-chain execution rather than operating solely as a conventional Layer-1 blockchain. Its NEAR Intents infrastructure allows users to express an intended outcome while competing solvers determine execution routes across supported networks. The official platform currently reports more than $28 billion in cumulative Intents volume across 34 chains. ( 

NEAR Protocol Expands Cross-Chain Trading

The product expansion gives the current price move a broader foundation. NEAR says near.com allows users to trade more than 100 assets across 35 or more chains from a unified interface, reducing the need to manage bridges, separate wallets and individual gas requirements.  

Confidential execution has also become an important part of the strategy. Confidential Intents uses a private NEAR shard to keep transaction details away from the public mempool, with the system designed to reduce exposure to frontrunning and certain forms of MEV.  

On September 17, near.com reported that confidential TVL had surpassed $70 million, triggering the first snapshot under its [email protected] incentive program. The distribution includes 333,333 milestone tokens, while rewards remain locked until NEAR’s three-day VWAP reaches at least $3.33.  

Trading Activity Adds Another Catalyst

The incentive structure is relevant because it connects ecosystem usage with a specific price threshold rather than introducing immediately liquid rewards. That design can keep attention focused on sustained market conditions while confidential liquidity continues to develop.

NEAR’s broader revenue data also points to increasing economic activity. Its official dashboard recently showed approximately $5.51 million in gross fees over 30 days and $1.75 million in net revenue, alongside growing confidential TVL.