Jamie Coutts kept a bullish stance on NEAR Protocol (NEAR) in a message published on X on October 28, 2026, citing the project's new revenue streams and its token economy as the basis for his view. The analyst argued that the network has progressed visibly since the harsh 2022 market, according to the report published by COINOTAG. The published excerpt did not include his full remarks.

Coutts is a digital-asset market analyst known for covering crypto market structure at Bloomberg Intelligence before joining Real Vision, where he has served as chief crypto analyst. His published research focuses on on-chain data, network fundamentals, and market structure across major blockchain ecosystems. That background gives readers a lens for the post: the view he expressed was anchored in network fundamentals — new revenue streams and the token economy — consistent with the research focus described above.

The 2022 period referenced by the analyst was among the most severe stretches in the industry's history. The collapse of the Terra ecosystem in May 2022 and the bankruptcy of the FTX exchange in November 2022 drove a broad, year-long contraction in digital-asset markets, with most major tokens ending the year sharply lower.

NEAR Protocol is a proof-of-stake layer-1 blockchain built around sharding, a scaling design in which transaction processing is distributed across parallel segments of the network. Its Nightshade sharding mechanism splits validation work among shards that feed into a single chain, an approach the project describes as central to its scalability goals. The network also supports human-readable account names, such as those ending in '.near,' in place of conventional hexadecimal addresses. Scaling capacity ranks among the defining engineering questions for layer-1 networks, since throughput constraints feed directly into transaction costs and everyday usability.

The NEAR token underpins the network's economy in several ways: it is used to pay transaction fees and storage costs, and it can be staked with validators to help secure the chain, with staking rewards paid in the token. Coutts's reference to new revenue streams pointed to the protocol's efforts to broaden the income sources flowing to the network. Those same mechanics give readers a concrete way to follow the claim: fee and staking activity on a public blockchain are externally observable, so the usage and participation trends behind his stated basis can be tracked over time.

This article is based on reporting first published by COINOTAG: https://en.coinotag.com/jamie-coutts-maintains-bullish-near-outlook-october-28