NEAR Surges to Near $4.33 on Hyperliquid Spot Market Launch

NEAR Protocol's token has surged to near $4.33 after Hyperliquid opened a spot market for NEAR on September 23, 2026.

The spot market complements Hyperliquid's existing perpetual futures contract for NEAR with leverage up to 10x, providing traders with added optionality and collapsing the gap between derivatives and spot prices.

NEAR has gained around 40% since September 17, when it jumped 20.8% in a single session, according to data from NEAR Protocol's post on X.

The token's ecosystem, including Aurora's solver infrastructure, has also contributed to the supporting activity, with $30 billion in cumulative volume routed through the network and a Zcash-linked NFT auction clearing $19 million across 1,718 swaps.