NEAR Protocol Smashes 1M TPS, Fuels $7B Intents Surge—Is $3 the Next Stop?
NEAR Protocol just flexed its muscles. The blockchain, long touted for its sharded architecture, has reportedly clocked a staggering one million transactions per second. That's not just a number—it's a statement of intent.
The Real Fuel: A $7 Billion Surge
Behind the raw speed lies a more compelling narrative: a tidal wave of user 'intents.' Think of it as $7 billion worth of economic demand waiting to be routed, settled, and executed. NEAR isn't just processing transactions; it's capturing the future flow of decentralized finance. This surge suggests developers and users are betting on its infrastructure to handle the next wave of apps—the kind that need more than just a ledger.
From Specks to Speculation
Let's be real. In crypto, technical milestones are often just fancy footwork until price acknowledges them. The chatter around a $3 price target isn't born from thin air. It's the market connecting the dots: unprecedented throughput plus massive latent demand could equal a fundamental re-rating. It cuts through the noise of empty promises, offering a tangible metric—capacity—that traditional finance often ignores until it's too late.
The infrastructure play is heating up, and NEAR just threw down a gauntlet. Whether this translates into sustained value or becomes another line on a tech spec sheet loved only by developers remains the multi-billion dollar question. After all, on Wall Street, they'd call this 'building the railroad before the gold rush'—usually a great story for early investors and a cautionary tale for everyone else.
Technical Setup Points Toward a Possible Breakout
On a technical basis, the structure of the chart seems to be getting better. NEAR is forming a consolidation around its present range, which usually precedes a strong break. The price of NEAR is just below its 20-Day Moving Average, and a break above this WOULD be a good indication that a momentum shift has started.
Source: X
Market analysis indicates that now, as soon as NEAR breaks back above $1.95, it would return to its former range and prepare for a move towards $3, which fits with a range-to-range market structure.
The current price of NEAR stands at $1.76, with a market value of $2.25 billion and a 24-hour volume of $210.07 million. The token has lost around 1% of its value over the past 24 hours but has been down 3% in the past week as a result of market uncertainties. However, it has managed to maintain key support levels, which indicates that investor confidence has not weakened.
Source: CoinMarketcap
NEAR Achieves Record 1 Million TPS in Benchmark Test
One of the most important events that occurred this week has been in the performance LAYER of the protocol. NEAR has marked a significant achievement as it has reached 1 million transactions per second in a test.
This feat of engineering reiterates the network’s extraordinary capabilities for scalability, placing NEAR among the fastest and most efficient Layer-1 blockchains being developed. These features of NEAR not only make it a superior blockchain protocol but also highlight the dedication of its team.
Related Reading : 1 Million TPS on NEAR Protocol: Sharding Unlocks Next-Level Blockchain Scaling
NEAR Intents Hits $7B Milestone as Usage Accelerates
Ecosystem development is also speeding up. The cross-chain engine of the protocol, NEAR Intents, has just broken $7 billion in lifetime volume, which marked a significant milestone. This development indicates that usage of the protocol has started to validate the tech aspirations of the network. The growing use of NEAR Intents further solidifies the position of NEAR as a decentralized application infrastructure layer.
Overall, with a stabilizing price performance, a better technical analysis pattern, a major scalability achievement, and a growing cross-chain adoption, there are many encouraging signs for this protocol.
Related Reading : NEAR’s December Momentum: Bulls Hope for a Solid 2025 Finish
