NEAR rose by 140% within 30 days and entered the top 20 of cryptocurrencies

With the cumulative trading volume of NEAR Intents exceeding $31 billion, NEAR has entered the top 20 cryptocurrencies by market value.

According to CoinGecko data, NEAR Protocol's native token has risen by 138% in the past 30 days and has now joined the ranks of the top 20 cryptocurrencies by market value.

As of press time, the trading price of NEAR is approximately $5.51, up about 7% in the past 24 hours; its market value is around $7.2 billion, with a 24-hour trading volume of about $1.2 billion. The ranking of NEAR is higher than that of Stellar ( XLM ), which has a market value close to $7 billion.

NEAR Intents is a cross-chain transaction protocol. According to NEAR Intents Explorer, the cumulative trading volume of this protocol has exceeded 31 billion US dollars.

The rise in ranking is also related to the first spot exchange trading product for this token launched on September 29th in the United States. The funds under Bitwise are traded on the New York Stock Exchange. Arca trades under the code NRR, providing investors with a way to gain NEAR exposure without the need to directly hold the cryptocurrency.

Last week, the deposit and withdrawal infrastructure of NEAR Intents suffered an attack involving $3.8 million. On October 2nd, NEAR General Manager Alex Shevchenko stated that all the stolen funds had been returned one day after the vulnerability was disclosed.

Related Reading: NEAR rose by nearly 80% within a week, Intents trading volume approaches $30 billion