NEAR Token Surges Past $2.50 as Trading Volume Jumps by 688%

The NEAR token is experiencing a surge in popularity, with its price breaking above $2.50 and reaching a new high of $2.55.

The increase in value has been accompanied by a significant rise in trading volume, which has jumped by 688% to over $688 million in just 24 hours.

According to social media reports, the move is being driven by several factors, including NEAR Intents handling heavy Zcash flow and Venice's use of NEAR AI Cloud for private inference.

The chain abstraction layer has also crossed 50 million lifetime operations, further contributing to the token's growth.