NEAR Protocol Surges as Altcoin Open Interest Passes Bitcoin

The NEAR Protocol has been gaining traction in the crypto market, especially among Web3 developers. Its unique Proof of Stake (PoS) consensus mechanism called Nightshade enables high scalability and low fees while ensuring security and decentralization.

According to Coinalyze, the altcoin perp open interest passed Bitcoin's on September 6 for the first time since December 2024. ZEC leverage reached a record $2.4B.

Meanwhile, Liquid Network users are waiting for a restart and the return of peg-outs, which may affect L-BTC's future.