NEAR Protocol Rallies as Cross-Chain Volume Surges and Quantum Security Feature Approaches Mainnet
NEAR Protocol (NEAR) climbed over 10% to around $5.40 after the network revealed enhanced quantum-resistant security updates and strong ecosystem usage figures. Cumulative decentralized exchange volume on NEAR Intents, the network's cross-chain transfer system, exceeded $33 billion, with over $4.7 billion recorded in the past 30 days.
The rally coincides with network developments aimed at protecting digital assets from future quantum computing risks. The platform enabled ML-DSA digital signatures on account wallets without requiring token holders to move funds. Furthermore, system revenue remains active, with $2.15 million of the $7.81 million in monthly collected fees allocated to purchasing NEAR tokens on the open market to return to holders. Total value locked in the network currently stands at approximately $223 million.
Investors are monitoring the full deployment of NEP-655, an upgrade currently operating on a test network that fully conceals account keys. Mainnet implementation is anticipated in the coming weeks. Market participants are also keeping an eye on whether continued DEX transaction growth and fee buybacks can sustain the token's upward momentum toward new yearly highs.
Key points
- NEAR Protocol (NEAR) gained over 10% to trade near $5.40 following network security and volume milestones.
- Cumulative DEX trading volume on cross-chain system NEAR Intents passed $33.29 billion, including $4.76 billion over the last 30 days.
- Network wallets now support ML-DSA quantum-resistant signatures, protecting funds without requiring users to transfer tokens.
- Monthly network fee collection reached $7.81 million, with $2.15 million used to buy back NEAR tokens on the open market.
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How we writeDisclaimerQuestions and answers
Why is NEAR Protocol price going up?
NEAR Protocol rallied after introducing quantum-resistant wallet security features and reporting that trading volume on its cross-chain system surpassed $33 billion.
How does NEAR Protocol protect against quantum computers?
NEAR accounts accept ML-DSA digital signatures designed to withstand quantum computers without needing users to move their coins. An upcoming upgrade, NEP-655, will also hide account keys entirely.
What is the trading volume of NEAR Intents?
NEAR Intents has reached $33.29 billion in total decentralized exchange volume, with $4.76 billion generated in the past 30 days.