NEAR Protocol Ecosystem Surges to Record High, Token Price Breaks Above $4.3
The NEAR Protocol ecosystem has reached an all-time high in Total Value Locked (TVL), exceeding $250 million. This significant milestone has driven the native token, NEAR, to surge over 20% intra-day and break above $4.3.
Over the past week, NEAR's price has increased by over 80%, making it a leader in the crypto market. The driving force behind this growth is the breakthrough in TVL on the cross-chain intent layer (NEAR Intents) on the NEAR chain, which contributes over half of the TVL.
The official 'NEAR@3.33' milestone airdrop program has also been triggered, distributing rewards to users who achieved $70 million in Confidential TVL. This move has significantly reduced short-term selling pressure and motivated market participants to actively push up the token price to secure unlocks.