Near Protocol Rallies 46%, Surging Past $3.5 Amid Shift to On-Chain Trading

Near Protocol's price has skyrocketed by 46% in recent days, breaking through the $3.5 barrier for the first time.

This rally is not just another speculative altcoin pump; it's one of Near Protocol's biggest in months.

According to the source, the key reasons behind this surge are changes in Near Protocol's product strategy and a more immediate catalyst.

The protocol has shifted its focus from being a Layer-1 blockchain to an on-chain trading interface that aggregates execution and liquidity across various networks.

Near.com now serves as a single point of access for users to trade over 35 chains and 150 assets, thanks to the 'Near Intents' engine.

The model has generated significant activity, with $29 billion in cumulative volume displayed on the explorer over the past 30 days.