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NEAR Protocol surpassed Ethereum and Binance Chain for growth in user activity.
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In May 2025, this platform will have 46 million active monthly users.
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Coinglass announced a 14.14 % volume increase to $495.52M. This shows strong investor confidence.
NEAR Protocol is causing a stir in the blockchain industry by reporting an increase in monthly active users (MAUs). NEAR reached 46 million monthly active users by May 2025. This makes it the second largest Layer-1 blockchain, after Solana. It is a historic milestone in the development and growth of blockchain. NEAR has surpassed other projects such as Ethereum and Binance Chain in terms of user engagement.
The user-centric infrastructure is responsible for the rapid expansion of the protocol. NEAR simplifies access to blockchains through features such as account abstraction, chain signing, and a robust ecosystem of dApps. These improvements make it more user friendly for both existing and new users. Its focus on usability pays off as NEAR gains traders and investors within the digital assets domain.
Nightshade is NEAR’s scalability option designed to handle large-scale operations on the blockchain. It boosts the performance of the platform while maintaining its decentralization. NEAR is well-suited to Web3 use cases that require high performance, such as gaming, creator platforms and blockchain-based social applications.
NEAR Protocol Market Activity Surges Despite Decline in Price
NEAR Protocol Market Activity Surges Despite Decline in Price
Coinglass recorded an impressive level of market activity in NEAR. The volume increased by 14.14 % to $495.52M and the open interest increased by 5.42%, reaching $251.97M. These numbers show the increasing confidence of investors, and the growing presence NEAR has in the digital asset environment.
NEAR, the native token for the NEAR protocol has seen a downward price movement despite its rapid increase in popularity. NEAR was trading at $2.48 as of the time of publication, and has fallen by 6.30% in the last day. It is currently trading under the 50-day and 100-day EMAs indicating a bearish market.
Support for $2.20 and Strong Competition
Support for $2.20 and Strong Competition
NEAR is technically supported at $2.20. If it keeps this range, a bounce could take it up to $3.20 or even $4.20. Losing this support, however, could lead to further declines. The growth story for NEAR has been resilient and the short-term movements in price have affected its momentum.
NEAR has grown significantly since its launch and now has more users than other established smart contract platforms such as Tron or Ethereum. NEAR is still in a tight race with Ethereum and Solana, as Ethereum maintains its institutional credibility. Its focus on scalability and affordability, as well as its focus on usability and affordability, makes it a formidable contender in the Layer 1 race.
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