NEAR Enters Top 20 Cryptocurrencies After 138% Monthly Surge
Key Takeaways
- •NEAR's token entered the top 20 cryptocurrencies by market capitalization after a 138% gain over 30 days, per CoinGecko data.
- •The token traded around $5 with an approximate $7.2 billion market cap and $1.2 billion in daily volume, overtaking Stellar's nearly $7 billion market value.
- •NEAR Intents, the protocol's cross-chain trading platform, has surpassed $31 billion in cumulative transaction volume according to its explorer.
- •The first U.S. spot exchange-traded product tracking NEAR, Bitwise's NRR fund on NYSE Arca, launched on September 29, 2026.
- •A $3.8 million exploit involving NEAR Intents' deposit and withdrawal infrastructure preceded the rally, with General Manager Alex Shevchenko stating on October 2, 2026 that all stolen funds had been returned.
NEAR Protocol’s native token has entered the top 20 cryptocurrencies by market capitalization after gaining 138% over the past 30 days, according to CoinGecko data. Market capitalization rankings are a widely used benchmark for comparing the relative size of crypto assets.
NEAR was trading at about $5 at the time of publication, giving the token an estimated market capitalization of ~$7.2 billion and daily trading volume of ~$1.2 billion. The move lifted NEAR above Stellar, whose market value was nearly $7 billion.
BitKE reported the move on X, stating that $NEAR had risen by ~$140% over the previous 30 days:
NEAR Protocol’s native token, $NEAR, has entered the top 20 cryptocurrencies by market capitalization after rising ~$140% in the last 30 days. @NEARProtocol @near_intents — BitKE (@BitcoinKE) October 8, 2026
The gains come as activity on NEAR Intents, a cross-chain trading protocol, continues to expand. Cross-chain trading protocols such as NEAR Intents are designed to let users exchange assets across different blockchain networks, and the protocol has processed more than $31 billion in cumulative transaction volume, according to its transaction explorer.
NEAR’s rise also follows the September 29, 2026, launch of the first U.S. spot exchange-traded product tracking the token. The Bitwise fund trades on NYSE Arca under the ticker NRR, giving investors exposure to NEAR without directly holding the cryptocurrency. Spot exchange-traded products trade on regulated securities exchanges and have become a common vehicle for U.S. investors seeking crypto exposure through traditional brokerage accounts.
The rally follows a $3.8 million exploit involving NEAR Intents’ deposit and withdrawal infrastructure. NEAR Intents General Manager Alex Shevchenko said on October 2, 2026, that all stolen funds had been returned. Exploits targeting cross-chain and deposit-related infrastructure have been a recurring risk across the crypto industry, and both the protocol’s cumulative volume andAR’s market data remain publicly trackable via its transaction explorer and CoinGecko.
Source: https://bitcoinke.io/2026/10/near-climbs-into-top-20-cryptos/
