Near Protocol Surges 77% in 30 Days Amid Confidential Futures Launch
Near Protocol has seen significant growth in recent weeks, with its total value locked rising by over 77% in just 30 days to $169 million. This surge in network utility is accompanied by a substantial increase in cross-chain volume and activity, with Near processed over $30 billion in cross-chain transactions.
The introduction of confidential perpetual futures with Hyperliquid has contributed to an 80% weekly price increase for NEAR/USD. This new feature allows for more flexible trading options, which may be appealing to investors looking for ways to manage risk.
The technical analysis indicates a bullish structure, with the price firmly above short-, medium-, and long-term moving averages. Momentum signals remain strong, but overbought conditions are intensifying as the price approaches key resistance levels.