Near Protocol Price Skyrockets 90% Amid Hyperliquid Listing and Tokenized Assets Push

Near Protocol (NEAR) has seen its price surge by approximately 90% to around $4.70, regaining attention from traders after a prolonged period of weakness.

One factor contributing to this rally is the addition of NEAR to Hyperliquid's spot market on September 23, providing traders with another venue for direct exposure to the token.

However, this listing alone does not account for the significant price increase. Instead, it can be seen as one factor that may have improved accessibility and liquidity during a period when demand for NEAR was already increasing.

Additionally, Near Protocol has announced a partnership with Ondo Finance to bring tokenized exposure to 20 U.S. stocks and ETFs through its cross-chain transaction system, NEAR Intents.