Active addresses on NEAR increase by 330,000 daily on average in H1 2024

NEAR Protocol demonstrated remarkable momentum throughout the first half of 2024, with daily active addresses increasing by an average of 330,000 during this period. This substantial growth trajectory reflected the network's expanding user base and strengthening adoption fundamentals.

The expansion accelerated as the year progressed into Q2 2024. According to Messari's quarterly reports, average daily active addresses climbed to 1.9 million by Q2, representing a 51.0% quarter-over-quarter increase from Q1's 1.2 million. This consistent upward momentum indicated growing confidence among developers and users in the NEAR ecosystem.

By Q3 2024, this growth trajectory reached an inflection point, with daily active addresses surging to 3 million. The sustained addition of 330,000 daily addresses during H1 provided a foundation for this accelerated expansion. The growth reflected genuine utility adoption rather than speculative activity, supported by the emergence of meaningful dApps and DeFi applications on the network. This performance validated NEAR Protocol's scalability infrastructure and positioned it as a competitive layer-one blockchain for serious applications and engaged users.

Transaction volume and value surge as TVL grows 717% in 6 months

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NEAR Protocol has demonstrated remarkable growth momentum in 2025, with its total value locked (TVL) surging 717% over a six-month period. This explosive expansion reflects strengthening confidence in the blockchain ecosystem and increased capital deployment across decentralized applications.

The broader cryptocurrency market has equally impressed during this period. Global crypto exchange trading volume reached $9.36 trillion in the first half of 2025, representing the highest first-half figure since 2021. This surge signals robust market activity and renewed institutional interest in digital asset trading.

The expansion extends beyond NEAR's ecosystem. Decentralized finance experienced substantial growth, with total TVL climbing from $86 billion in April to over $126 billion by mid-July—a remarkable 46% increase across just three months. This momentum reflects accelerating adoption of DeFi protocols and growing institutional participation in yield-generating opportunities.

NEAR's stablecoin market cap specifically grew 717% over the same six-month window, demonstrating that the growth isn't merely speculative but supported by fundamental infrastructure development. These metrics collectively indicate a maturing ecosystem where transaction volumes, value migration, and protocol development are converging to create sustainable growth trajectories.

Whale activity intensifies with 13.9 million NEAR tokens liquidated

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Recent market analysis reveals intensified whale activity in the NEAR ecosystem, with 13.9 million NEAR tokens liquidated during a significant market correction. This coordinated movement represents a critical juncture for token holders and demonstrates the substantial influence large players exert over price dynamics.

The liquidation event occurred alongside broader cryptocurrency market pressures, where whale transactions exceeded $100,000 in volume at unprecedented levels. According to on-chain data, NEAR experienced a sharp 75.92% decline over the past year, with recent liquidations accelerating downward momentum. The current price of $1.801 reflects the cumulative pressure from these major position closures.

What distinguishes this liquidation event is its timing relative to Ethereum and Bitcoin whale movements, which simultaneously accumulated holdings during market dips. This divergence suggests NEAR-specific headwinds rather than purely macro-driven selling. Large holders closing positions at depressed valuations typically signals capitulation, potentially establishing support levels for subsequent recovery attempts. Market participants should monitor whether stabilization emerges near current levels or if additional liquidations force further downside exploration.

On-chain fees trend downward as NEAR improves scalability

NEAR Protocol's scalability improvements have directly contributed to reducing on-chain transaction fees, making the network increasingly efficient for users and developers. Through state sharding technology, NEAR enables linear scaling proportional to the number of nodes in its network, with an ambitious target of 100,000 transactions per second supported by one million mobile nodes.

The data reflects this positive trend. NEAR's current market capitalization of $2.38 billion positions it as a competitive Layer 1 solution, with 24-hour trading volume reaching $559.95 million across 56 different exchanges. Compared to traditional blockchain solutions, NEAR demonstrates superior cost-effectiveness for users executing transactions on the platform.

On-chain fee generation across protocols shows significant growth, with DeFi and finance sectors experiencing 113% year-over-year growth in the first half of 2025. Within this landscape, NEAR's fee structure benefits from its improved scalability, allowing more transactions to process simultaneously without network congestion. The protocol's mechanism of burning NEAR tokens through transaction fees creates deflationary pressure while simultaneously funding validator rewards that secure the network.

As NEAR continues optimizing its infrastructure, lower transaction costs create stronger incentives for developers to build decentralized applications on the platform, establishing a sustainable ecosystem where reduced fees translate directly into improved user adoption and network utility.

FAQ

Does near coin have a future?

Yes, NEAR coin has a promising future. Its innovative technology, growing ecosystem, and strong developer community position it well for long-term success and adoption in the Web3 space.

Can near coin reach $100?

While possible, NEAR reaching $100 is unlikely in the near future. It would require a massive 4,700-5,300% rally, which current market trends don't support.

What is the near coin?

NEAR coin is the native token of the Near Protocol, used for transactions, staking, and governance on the network. It powers decentralized applications and facilitates ecosystem growth.

Is near better than Solana?

Solana has an edge in market dominance and NFT projects, with higher trading volume and stronger marketing. However, NEAR has its own unique strengths and potential for growth.