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      NEAR Protocol Sees 16% Surge Amid Record Trading Activity

      NEAR Protocol's native token experienced a significant increase of 16% over the weekend, driven by a surge in trading activity. On October 10, 2026, the token reached a peak of $6.00 on the Binance exchange before settling at approximately $5.64. This spike in price coincided with a record daily trading volume of around $3.54 billion, marking a 98% increase from previous levels.

      Over the past month, NEAR has seen substantial growth, with its value rising by at least 83% and some estimates suggesting gains as high as 172%. This rally has propelled NEAR's market capitalization to approximately $7.2 billion, placing it back among the top 20 digital assets.

      Several factors are contributing to this heightened demand for NEAR. The launch of the first U.S. spot NEAR exchange-traded fund (ETF) by Bitwise on September 29, 2026, has attracted nearly $58 million in inflows during its first week. Additionally, NEAR's cross-chain feature, NEAR Intents, has recorded over $31 billion in cumulative cross-chain volume, with September alone seeing a 72.9% increase in swap volume. Furthermore, a proposed governance change aims to reduce NEAR's maximum annual token issuance from 2.5% to 1.6% over the next two years, which could further influence market dynamics.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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