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A certain altcoin has soared 138% in one month and ranks among the top 20. What is the driving force

2026-10-09 15:28:56
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NEAR's market value exceeded the top 20, surpassing Stellar

Recently, NEAR has successfully ranked among the top 20 cryptocurrencies in the world by market value with strong momentum, surpassing Stellar. In the past 30 days, its price has increased by as much as 138%. Although the entire cryptocurrency market is facing selling pressure, NEAR Protocol's native tokens have attracted widespread attention from investors due to their excellent performance.

Market data and rankings jump

According to CoinGecko, NEAR's value has increased by approximately 138% in the past 30 days, making it firmly among the top 20 by market value. As of press time, NEAR's total market value has reached US$7.2 billion, with daily trading volume reaching US$1.2 billion. This significant increase puts NEAR ahead of Stellar, which is worth approximately $7 billion in market value.

Core Driving Forces: NEAR Intention Agreement and Institutional Products

One of the key driving forces for this market rise is the vigorous development of the NEAR Intention Agreement. The agreement supports transactions across different blockchains, and its cumulative transaction volume has exceeded US$31 billion. NEAR Intention allows users or AI agents to exchange and transfer assets between different chains without having to directly handle complex bridging operations.

At the institutional level, the launch of the first U.S. spot NEAR investment product has also attracted market attention. The product is issued by Bitwise and is traded on NYSE Arca under the NRR code, allowing investors to be exposed to NEAR's price movements without directly holding the token.

Risk warnings and safety incidents

It is worth noting that this rise is not without risks. Recently, NEAR Intentions 'deposit and withdrawal infrastructure suffered a $3.8 million attack. The project team subsequently announced that all stolen funds had been recovered. Although the rapid resolution of the incident eased market concerns, infrastructure security remains closely watched.

NEAR's future performance will depend on demand for ETFs, the sustainability of trading volume of Intentions, and possible profit-taking after a sharp rise. Although the 138% increase shows strong market momentum, this rapid increase also brings the risk of increased volatility.

The above content does not constitute investment advice.

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