NEAR jumps 15% to $2.8 as NEAR Intents activity spikes before June dynamic resharding
NEAR (NEAR) surged about 15% in 24 hours to around $2.8, as daily volume and fees jumped sharply. The latest coverage points to renewed demand for NEAR Intents, a cross-chain feature where users define an outcome and third-party solvers execute the trade automatically.
DefiLlama data cited in the report says NEAR Intents has processed over $19B in cumulative volume and generated roughly $32M in fees. The mechanism helps streamline swaps such as USDC on Ethereum to SOL on Solana, reducing manual steps for users.
Additional momentum comes from market and institutional signals. BitMEX co-founder Arthur Hayes highlighted NEAR in a “holy trinity” and suggested there may be “room left.” Meanwhile, Bitwise’s NEAR Staking ETP in Europe approached $40M in assets after about $7M inflows over the past week.
Looking ahead, NEAR is scheduled to introduce dynamic resharding in June, aiming to improve scalability by automatically splitting shards as usage rises. Even with the rally, NEAR remains far below its 2022 peak near $20, keeping traders focused on whether NEAR Intents’ fee/volume trend can hold through the upgrade window.
Bullish
The news is broadly supportive for NEAR in both the short and medium term. Short term, the sharp rise in NEAR Intents activity (high volume and fees) suggests real usage growth, which often attracts momentum trading and improves sentiment. The institutional angle adds a potential “bid floor”: the Bitwise NEAR Staking ETP inflows can help sustain demand beyond retail flows.
Medium term, the June dynamic resharding upgrade provides a concrete scalability catalyst that traders can front-run. However, the rally’s ability to extend depends on whether NEAR Intents’ fee/volume momentum persists as the market moves toward the upgrade timeline and whether NEAR can reclaim levels nearer the 2022 peak.