NEAR Protocol has performed strongly recently, with its market value approaching Stellar
In the past 30 days, NEAR Protocol has experienced a gain of as much as 125%. This upward trend is due to the new capital brought to the network by Bitwise's new exchange-traded product (ETP) and the significant increase in cross-chain transaction volume. Currently, the price of the token hovers around US$5.30, showing a popular trend on multiple data tracking platforms such as CoinGecko and CoinMarketCap.
In the past 24 hours, the market rankings of NEAR and Stellar (XLM) have swapped multiple times. According to CoinMarketCap data, Stellar's market value is approximately US$7.03 billion, while NEAR's market value is approximately US$6.91 billion. As of the time of this report's release, Stellar has fallen 1.45% in the past 24 hours, while NEAR has gained more than 6%. The current market value of the two is almost equal.
Why did NEAR rebound strongly?
NEAR token's nearly 30-day rally peaked when it exceeded US$5.50, with an increase of nearly 135%. This marks a strong recovery from a low of $3.59 on September 19, but is still far from its all-time high of $20.44.
One of the main drivers of this rally was Bitwise's NEAR ETF (symbol: NRR), which was listed on NYSE Arca on September 29. The product successfully promotes NEAR tokens to Wall Street investors who would not normally hold such tokens under normal conditions. As the first fund of its kind in the United States, the fund charges a management fee of 0.75% and pledges most of its positions. The total pledge rate is 4.91% and the net yield is 3.29%.
Bitwise 将此信托基金定位为人工智能领域的投资标的。截至 10 月初,该基金持有约 1230 万个 NEAR 代币,价值约 6540 万美元。Bitwise CEO Hunter Horsley 表示,该基金在首日便吸引了 3550 万美元的净流入。
谈及 NEAR Intents(一种支持跨区块链 AI 智能体交易的私有 AI 基础设施),Bitwise 首席投资官 Matt Hougan 表示:“业务已经存在,梦想宏大而大胆。”Horsley 在接受 Bankless 采访时更为看好,称 NEAR “可能是你一生中见过的最便宜的东西”。自 10 月 5 日发表上述言论以来,NEAR 的市值已增长了近 10 亿美元。
Bitwise 看多 NEAR 的原因
令 Bitwise CIO Matt Hougan 印象深刻的“业务”指的是 NEAR Intents。这是一个跨链协议,独立的做市商(称为 Solver)竞相满足用户偏好的交易结果。截至目前,NEAR Intents 已累计处理超过 310 亿美元的交易量。
这种交易量形成了一个良性循环:产生的手续费用于资助代币回购。在过去 30 天里,该循环以当前价格资助了约 1300 万美元的新发行 NEAR 对应的 190 万美元回购金额。
黑客攻击后的退款与安全防护测试
Despite an attack last month that used a vulnerability in the NEAR Intents Omni deposit and withdrawal system to steal approximately $3.8 million, NEAR tokens maintained a monthly increase of nearly 130%. According to reports, after general manager Alex Shevchenko established an encrypted channel with the attacker and set a 48-hour deadline, the stolen funds were returned in full by October 2.
co-founder Illia Polosukhin said that the losses were limited to the USDT on the BNB smart chain, and the NEAR tokens and core protocols were not affected. Previously, the project also underwent a higher-profile stress test: When the same hackers who caused Bitget to suffer losses of approximately $387.5 million attempted to transfer more than $50 million through NEAR Intention, its SHIELD risk layer intercepted most of the funds, only approximately $166,000 successfully bypassed protection.

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