NEAR jump 15% reach $2.8 as NEAR Intents activity spike before June dynamic resharding
NEAR (NEAR) spike about 15% for 24 hours reach around $2.8 as daily volume and fees sharply climb. New stories show renewed demand for NEAR Intents, na cross-chain feature wey make users define wetin dem want and third-party solvers go run the trade automatically.
DefiLlama data wey the report mention say NEAR Intents don process over $19B cumulative volume and don generate around $32M in fees. The mechanism dey help simplify swaps like USDC on Ethereum to SOL on Solana, reducing manual steps for users.
More momentum dey come from market and institutional signal. BitMEX co-founder Arthur Hayes highlight NEAR as part of a “holy trinity” and suggest say there fit still be “room left.” Meanwhile Bitwise’s NEAR Staking ETP for Europe near $40M in assets after about $7M inflows over the past week.
Looking forward, NEAR dey plan to introduce dynamic resharding in June to improve scalability by automatically splitting shards as usage increase. Even with the rally, NEAR still far from its 2022 peak near $20, so traders dey watch whether NEAR Intents’ fee/volume trend fit hold through the upgrade window.
Bullish
Di tori, di news dey support NEAR for short-term and medium-term. For short-term, di sharp rise for NEAR Intents activity (high volume and fees) mean say real usage dey grow, wey often dey attract momentum traders and improve sentiment. Di institutional side add one kin “bid floor”: inflows into Bitwise NEAR Staking ETP fit help maintain demand beyond retail flows.
For medium-term, di dynamic resharding upgrade wey go happen for June give clear scalability catalyst wey traders fit try front-run. But whether di rally fit continue depend on if NEAR Intents fee/volume momentum go hold as market dey move towards di upgrade timeline and if NEAR fit regain levels wey near di 2022 peak.