NEAR协议成为本轮加密市场复苏中的最强表现者之一
近期,NEAR协议(Near Protocol)的表现极为亮眼,成为加密市场复苏浪潮中的佼佼者。NEAR代币价格大幅上涨约90%,达到约4.70美元的水平,使其在经历了一段长期的低迷期后,重新回到了交易员的视野中心。
这一部分走势可归因于更广泛的加密市场环境改善。然而,NEAR自身也迎来了一系列项目特定的利好消息,这些事件大致在同一时间发生,包括扩大了交易接入渠道以及启动了一项重大的资产代币化计划。
Hyperliquid上线为NEAR提供新的流动性场所
推动此次反弹的一个潜在因素是NEAR被添加到Hyperliquid的现货市场中。9月23日,NEAR在Hyperliquid平台正式上线了针对USDC的现货交易,为交易者提供了另一个直接持有该代币的场所。与此同时,NEAR永续合约市场已经相当成熟,根据提供的市场数据显示,其未平仓合约价值已超过3.44亿美元。
现货市场的加入之所以重要,是因为它拓宽了交易者接触NEAR的途径。以往风险主要集中在衍生品上,现在用户可以直接通过该平台买卖底层代币。
尽管如此,仅凭一次上市并不能解释90%的大幅反弹。更准确地说,这是在一个对NEAR需求已然增长的关键时期,提升了可获得性和流动性的众多因素之一。
NEAR与Ondo Finance联手瞄准代币化美国股票
另一个重要的发展动态涉及NEAR协议向代币化现实世界资产的拓展。NEAR宣布与Ondo Finance建立合作伙伴关系,提供对20只美国股票和ETF的代币化敞口,其中包括与特斯拉、英伟达和苹果等公司相关的资产。
用户可以通过NEAR Intents(该网络的跨链交易系统)访问这些产品。根据公告 accompanying 的信息,Intents可以在不要求用户通过传统桥接手动转移资产的情况下,将交易路由到超过30条区块链上。
这契合了关于代币化传统资产的更大叙事。如果链上股票、ETF和其他现实世界资产的需求持续增长,能够移动用户和在不同网络之间流动资金的基础设施可能会变得日益珍贵。
同样,这并不意味着NEAR Intents的使用会自动创造等同于NEAR代币的需求。但这确实为该生态系统带来了另一个潜在的重要用例,尤其是在代币化在整个加密领域受到广泛关注的时候。
分析师Michaël van de Poppe称90%的涨幅仅为“小菜一碟”
Although the price of NEAR has almost doubled, analyst Michaël van de Poppe believes that the increase is negligible when compared to Bitcoin in a longer time dimension.
His chart tracks NEAR/BTC trading pairs on the daily chart, not NEAR's dollar price. This distinction is crucial. It measures the performance of NEAR relative to Bitcoin and shows when holding NEAR is better or worse than BTC.
The long-term perspective is quite grim.
Source: X/@CryptoMichNL NEAR/BTC reached extremely high levels in the 2021-2022 cycle and then entered a multi-year decline channel. The trading pair eventually fell to extremely depressed levels in 2025 and early 2026. The latest K-line finally shows that NEAR/BTC has begun to recover, and the chart reading at the time of screenshot is about 0.00005340 BTC.
Van de Poppe pointed out that previous historical highs are still about 9 times higher than current NEAR/BTC valuations. Based on this, he described the recent rally as "just a 'snack' compared to a real bull market."
His chart also shows that the momentum indicator at the bottom is improving, while NEAR/BTC is rapidly moving away from the foundation it has built for most of 2026. This is noteworthy because NEAR is no longer just following Bitcoin's rise-it has been outperforming BTC's performance recently.
但该图表也将之前跌幅的规模置于恰当的背景中。NEAR/BTC仍远低于其历史峰值,且低于旧高点9倍并不意味着该交易对必须回到那里。随着代币供应量、竞争格局和市场条件的变化,前一个周期的估值可能需要数年才能恢复。
对于NEAR的多头来说,下一个重要的考验不仅仅是维持美元价格的上涨,而是保持相对于比特币的强势。如果NEAR/BTC持续攀升,而NEAR又能守住美元收益,那么目前的行情可能会发展为更广泛的复苏。
经过90%的飙升,NEAR无疑已不再默默无闻。

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