NEAR hit 46 million users, ranking second among Layer-1 blockchains in Q2.
On-chain volume and activity surged, yet price stayed below key resistance at $2.80.
Ecosystem investments in AI and multichain tools hint at strong long-term potential.
The numbers are mind-blowing, but the chart stays flat. NEAR Protocol saw explosive growth in Q2 2025. The network welcomed 46 million users, putting it just behind Solana in Layer-1 activity. Yet, NEAR’s price can’t catch a break. The token dropped 4% despite booming metrics. Traders are asking the obvious—why is demand rising while the price refuses to move? Could the market be blind to what’s happening under the hood?
https://twitter.com/renksieth/status/1932857593493663926 Surging Growth, Stubborn Price
NEAR’s performance didn’t just beat expectations—it crushed them. The user count climbed faster than BNB Chain, TRON, Ethereum, and Avalanche. Even newer players like Sui fell behind. Most chains lost user share, while NEAR’s numbers soared. That trend made NEAR an L1 powerhouse, not just another altcoin. The NEAR Intents protocol also fired on all cylinders. Over the last month, it processed $88.85 million in volume. That came from 326,000 total swaps. Daily volume hit $1.26 million with 802 unique users.
For the week, user count jumped to 5,114. Across 30 days, more than 22,000 people interacted with the protocol. The network now supports 87 assets. Its total value locked (TVL) reached $13.1 million. Analysts see a possible 21.9% price upside, with projections pushing NEAR above $3 soon. That optimism rides on rising demand and deeper liquidity. The question remains—will buyers finally show up?
A Market Disconnect?
Price tells one story, but fundamentals scream another. NEAR rejected off a falling trendline and dropped to $2.492. The $2.80 resistance still stands like a stone wall. Bulls need serious momentum to break through and flip the structure. If strength returns, NEAR could retest $2.80 or even push higher. But weakness paints another picture. If the $2.22 support gives out, the selloff may continue. That level acts as the last floor holding back bigger losses.
Meanwhile, the ecosystem grows more complex and impressive. The NEAR Infra Committee now invests in AI equipment, decentralized RPCs, and cross-chain innovation. These bets aim to turn NEAR into a core pillar for AI-linked Web3 infrastructure. Yet, the price lags like a shadow that can’t catch the light. This divide between value and valuation raises eyebrows. Are traders sleeping on NEAR? Or are they waiting for something bigger—like a breakout from macro resistance?
The market may need a jolt to notice the fire beneath the surface. NEAR is scaling faster than most chains, yet the price refuses to follow. On-chain data glows with strength, but the chart shows hesitation. A breakout could shift momentum fast. Until then, NEAR remains one of crypto’s biggest puzzles.
