NEAR Price Skyrockets 30% Amid Confident Finance Ecosystem Growth
The price of NEAR Protocol's token surged by about 30% within 24 hours on September 18, reaching as high as $3.54.
This rally pushed NEAR to its highest level in nearly a year and extended its recent gains to more than 100%, significantly outperforming Bitcoin and Ethereum over the comparable period.
The growth of NEAR's confidential finance ecosystem was a major catalyst behind the price surge, with total value locked in Confidential Intents surpassing $70 million, signaling stronger adoption and liquidity.
The milestone also activated the [email protected] rewards program, with its first account snapshot completed on September 15. Under the initiative, 333,333 tokens will be distributed to eligible participants, but the rewards remain locked until NEAR maintains a three-day volume-weighted average price of at least $3.33.