NEAR Protocol’s native token entered the top 20 cryptocurrencies by market capitalization on Thursday after rising $138% in the last 30 days, according to CoinGecko
At the time of writing, NEAR traded around $5.51, up about 7% over 24 hours, with a market cap of about $7.2 billion and 24-hour trading volume reaching roughly $1.2 billion. NEAR ranks ahead of Stellar (XLM), which has a market cap of nearly $7 billion
NEAR Intents, a cross-chain trading protocol, has handled over $31 billion in cumulative transaction volume, according to the NEAR Intents Explorer
NEAR’s rise in the rankings also follows the Sept. 29 launch of the first US spot exchange-traded product tracking the token. The Bitwise fund trades on NYSE Arca under the ticker NRR, offering investors exposure to NEAR without directly holding the crypto
NEAR Intents suffered a $3.8 million exploit involving its deposit and withdrawal infrastructure last week. On Oct. 2, General Manager Alex Shevchenko said that all stolen funds had been returned, a day after the breach was disclosed
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