NEAR Protocol Entering FOMO Phase: Key Reasons

u.todayPublished on 2022-04-17Last updated on 2022-04-17

Abstract

On-chain activity, retail adoption, audience growth, ecosystem progress: Catalysts of NEAR FOMO

Contents

On-chain activity, retail adoption, audience growth, ecosystem progress: Catalysts of NEAR FOMO

$1.37 billion locked, 27 active protocols: What is going on NEAR Protocol?
Alex Pavlov, CEO and founder of DeFi derivatives protocol Spin and partner at Algalon Capital asset management firm, shares some metrics that signal that NEAR Protocol is on the verge of another upsurge.
On-chain activity, retail adoption, audience growth, ecosystem progress: Catalysts of NEAR FOMO
Mr. Pavlov has taken to Twitter to indicate the most powerful drivers of the upcoming NEAR Protocol (NEAR) FOMO ("fear of missing out").

In terms of net trading volume, NEAR Protocol (NEAR) has already outperformed Avalanche (AVAX) and is closer to surpassing Terra (LUNA) and Solana (SOL), the two most overhyped protocols of 2021.
At the same time, its fully diluted market capitalization remains low compared to the closest competitors, and this can also be interpreted as a sign of undervaluation.
Also, while tracking the audience growth of major non-Ethereum platforms, analytical firm Messari has registered a 55% increase in 2022. This is higher than that of Solana (SOL), Terra (LUNA) and Avalanche (AVAX).
This progress is accompanied by the rocketing increase of stablecoin, DeFi and dApps activity on the NEAR ecosystem.
$1.37 billion locked, 27 active protocols: What is going on NEAR Protocol?
Last but not least, Mr. Pavlov noticed huge increase in the transactional metrics of retail usage. In 2022, NEAR Protocol went through two massive fundraising campaigns.
As per Dappradar statistics, by mid-April 2022, NEAR onboarded 27 decentralized applications of all types. Mostly, they belong to the marketplaces and games segments.
NEAR Crowd, Paras 2.0 and Ref Finance are the three most popular dApps in terms of user numbers.
A total of $1.37 billion is locked by users of all NEAR-based protocols in all.

Trending Cryptos

ctr
CitreaCTR
wstusdt
wrapped stUSDTWSTUSDT
apr
CapricornAPR
ctx
Cryptex FinanceCTX
audio
AudiusAUDIO
comp
CompoundCOMP
mantra
MantraMANTRA
xvs
VenusXVS
waxl
AxelarWAXL
bill
Billions NetworkBILL
pyth
PYTH (Pyth)PYTH
rune
THORChainRUNE
velodrome
Velodrome FinanceVELODROME
brev
BrevisBREV
zrx
ZRX（0X）ZRX

Related Reads

Hyperliquid's AQAv2 Converts USDC Yield into HYPE Token Buybacks

Hyperliquid validators have approved the AQAv2 (Aligned Quote Asset v2) structure with 69.08% support. It extends "aligned" status to non-exclusive stablecoins on the platform, starting with USDC, and directs approximately 90% of the yield generated by these reserve assets (after cost adjustments) back into the protocol. With roughly $5-5.5 billion in USDC currently on Hyperliquid, this new yield distribution scheme is expected to generate an additional $135-160 million annually for token buybacks. This supplements the existing ~$771 million already generated yearly from trading fee buybacks. The first payment to the buyback fund is scheduled for October 3rd. This update follows a May agreement with Circle and Coinbase, which saw Hyperliquid phase out its own stablecoin (USDH) in favor of USDC as its primary reserve asset. Coinbase became the official treasury custodian for USDC on Hyperliquid, while Circle handles technical implementation. Circle also committed to staking 500,000 HYPE tokens, aligning its incentives directly with the token's performance. The AQAv2 mechanism adds to an already aggressive buyback program. The Hyperliquid Assistance Fund has purchased over 45 million HYPE tokens for about $1.1 billion. Combined, fee-based and new USDC-yield buybacks could exceed $900 million annually—estimated at four to five times the buyback intensity relative to market cap seen in Ethereum or BNB Chain. A key risk is the AQAv2 payout's dependence on interest rates. The market's first real test will be the inaugural AQAv2 payment on October 3rd.

cryptonews.ru6m ago

Hyperliquid's AQAv2 Converts USDC Yield into HYPE Token Buybacks

cryptonews.ru6m ago

BlackRock Lowers Bitcoin-to-ETF Exchange Threshold by 25 Times

BlackRock has significantly lowered the minimum threshold for in-kind conversions of bitcoin into its spot ETF, IBIT, from $25 million to $1 million. This mechanism allows large cryptocurrency holders to exchange their bitcoin directly for ETF shares without a cash sale, offering benefits like simplified custody, continued bitcoin exposure, and potential tax deferral. Driven by security concerns over holding large crypto balances, demand is growing, with over $5 billion already converted through IBIT. The practice, gaining traction after U.S. regulatory approval, is becoming more standardized, though the process can still take over a week and requires intermediaries. Other asset managers like Bitwise, Grayscale, and VanEck are also adopting in-kind creations, extending it to Ethereum and Solana ETFs. While infrastructure and intermediary requirements remain a constraint, the lowering of minimums and increasing participation is making this option accessible to a broader range of major investors.

cryptonews.ru8m ago

BlackRock Lowers Bitcoin-to-ETF Exchange Threshold by 25 Times

cryptonews.ru8m ago

Trader Misses Out on Over $2 Million Potential Profit After Selling Memecoin PONS

A trader missed out on over $2 million in potential profit after selling the memecoin $PONS. According to Lookonchain analysts, the user spent 0.25 ETH (around $610) to buy 19.98 million $PONS, later selling the entire amount for 0.47 ETH ($1,166), securing a profit of $556. Subsequently, the value of those tokens surged to approximately $2.2 million, meaning the trader potentially forfeited more than $2 million. However, users pointed out that the paper value does not guarantee the ability to sell the entire volume at the market price. One user noted that at the time of sale, $PONS had already increased by 91%, making the decision to take profits reasonable, as most would have done the same. Another user highlighted the asset's low liquidity, with only about $2.1 million in the liquidity pool, suggesting that a bulk sale would have significantly impacted the price and likely yielded only a six-figure sum at best. Thus, the actual realizable profit would have been much lower than the nominal $2.2 million valuation.

cryptonews.ru8m ago

Trader Misses Out on Over $2 Million Potential Profit After Selling Memecoin PONS

cryptonews.ru8m ago

UNDP and DFINITY to Collaborate on AI Infrastructure Development

The United Nations Development Programme (UNDP) and the DFINITY Foundation have announced a partnership focused on sovereign cloud infrastructure and decentralized artificial intelligence (AI). They will explore how these technologies can be applied in government projects and digital transformation for public authorities, civil society organizations, and UNDP initiatives. DFINITY provides decentralized cloud and blockchain infrastructure, while UNDP focuses on sustainable development and public sector support. The collaboration will progress along three main tracks. Through the SDG Blockchain Accelerator, UNDP country offices will test sovereign cloud infrastructure, AI development tools, and decentralized AI applications for development projects. The Future of Work Academy will assist civil society organizations in building and testing their own applications. The Government Blockchain Academy will work with governments to develop pilot solutions aligned with local and national priorities. The projects will utilize DFINITY's Cloud Engines and Caffeine AI platform, enabling organizations to build and maintain applications in a secure digital environment managed at the local level. The partners will also examine the technologies' potential for protecting sensitive data, enhancing digital infrastructure resilience, and fostering local technical expertise.

cryptonews.ru15m ago

UNDP and DFINITY to Collaborate on AI Infrastructure Development

cryptonews.ru15m ago

Algorand Introduces Protocol for Managing AI Agents

The Algorand Foundation has introduced AC2, an open protocol designed to enable secure user interaction with and control over AI agents. The protocol is blockchain-agnostic, establishing an encrypted direct connection between a user's wallet or application and an AI agent. AC2 allows agents to request user permission for various actions, such as executing payments, signing code, or accessing APIs. Users review and approve or deny these requests directly within their wallet interface, eliminating the need to share private keys with the AI. The protocol supports multiple operational scenarios. For instance, a software agent can seek approval before signing, while a payment agent can send transaction details to a user's wallet for verification. Shopping agents can operate within pre-set user-defined limits on permissible items and spending amounts. For messaging, AC2 utilizes DIDComm v2.0, and for authentication, it employs passkeys via Liquid Auth, which is based on FIDO2 and WebAuthn standards. The protocol supports text and voice interaction, signature delegation, and can function without a centralized intermediary or even a blockchain.

cryptonews.ru18m ago

Algorand Introduces Protocol for Managing AI Agents

cryptonews.ru18m ago

Trading

Spot

Hot Articles

How to Buy NEAR

Welcome to HTX.com! We've made purchasing NEAR Protocol (NEAR) simple and convenient. Follow our step-by-step guide to embark on your crypto journey.Step 1: Create Your HTX AccountUse your email or phone number to sign up for a free account on HTX. Experience a hassle-free registration journey and unlock all features.Get My AccountStep 2: Go to Buy Crypto and Choose Your Payment MethodCredit/Debit Card: Use your Visa or Mastercard to buy NEAR Protocol (NEAR) instantly.Balance: Use funds from your HTX account balance to trade seamlessly.Third Parties: We've added popular payment methods such as Google Pay and Apple Pay to enhance convenience.P2P: Trade directly with other users on HTX.Over-the-Counter (OTC): We offer tailor-made services and competitive exchange rates for traders.Step 3: Store Your NEAR Protocol (NEAR)After purchasing your NEAR Protocol (NEAR), store it in your HTX account. Alternatively, you can send it elsewhere via blockchain transfer or use it to trade other cryptocurrencies.Step 4: Trade NEAR Protocol (NEAR)Easily trade NEAR Protocol (NEAR) on HTX's spot market. Simply access your account, select your trading pair, execute your trades, and monitor in real-time. We offer a user-friendly experience for both beginners and seasoned traders.

7.3k Total ViewsPublished 2024.03.29Updated 2026.06.02

How to Buy NEAR

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of NEAR (NEAR) are presented below.

活动图片

Top Questions

Hot Categoriesright-arrow

Hot Tagsright-arrow