NEAR Sees Boost from Hyperliquid Spot Listing

NEAR Protocol's native token has gained a new trading catalyst after its deployment on Hyperliquid's spot market, alongside an existing perpetual futures market.

The move follows several developments in NEAR's cross-chain infrastructure, including the growth of Confidential Intents and recent integrations across its ecosystem.

Hyperliquid data shows that NEAR perpetual open interest stood near $344 million as the token traded above $4 following a strong weekly rally. The positive funding indicates that long positions were paying shorts, while new spot activity could provide a clearer picture of demand beyond leveraged trading.