NEAR Protocol Hits 46M MAUs, Closing in on Solana’s Lead
The post NEAR Protocol Hits 46M MAUs, Closing in on Solana’s Lead appeared on BitcoinEthereumNews.com. NEAR Protocol surged in user activity, surpassing Ethereum and Binance Chain in growth. With 46 million monthly active users in May 2025, it ranks as the second Layer 1 platform. Coinglass reported a 14.14% volume rise to $495.52M, showing strong investor confidence. NEAR Protocol has stirred the blockchain industry, reporting an increase in its monthly active users (MAUs). By May 2025, NEAR had achieved an incredible 46 million monthly active users (MAUs), making it the second-largest Layer-1 blockchain after Solana. It is a historical milestone in the development of blockchain, as it has surpassed other projects, including Ethereum and Binance Chain, in terms of user activity. Source: X The expansion of the protocol is attributable to its user-centric infrastructure. NEAR simplifies blockchain access through features like account abstraction, chain signatures, and a robust dApp ecosystem. These enhancements make it more user-friendly for both new and existing users. Its emphasis on usability is paying off, as NEAR is gaining traders and investors in the digital assets domain. Nightshade sharding is NEAR’s scalability solution designed to handle large-scale blockchain operations. While maintaining decentralization, it significantly boosts the platform’s performance. This makes NEAR well-suited for demanding Web3 use cases, including gaming, creator platforms, and blockchain-based social apps. NEAR Protocol Sees Surge in Market Activity Despite Price Decline Coinglass recorded a remarkable level of market activity for NEAR. The Volume increased by 14.14% to hit $495.52M, and the Open Interest increased by 5.42% to reach $251.97M. Such numbers demonstrate the rising confidence of investors and the growing presence of NEAR in the digital assets environment. Nevertheless, the native token of the NEAR protocol, NEAR, has experienced downward price movements, despite its rapidly increasing popularity. As of press time, NEAR is trading at $2.48 and is down by 6.30% over the past day. It is…
The post NEAR Protocol Hits 46M MAUs, Closing in on Solana’s Lead appeared on BitcoinEthereumNews.com.
NEAR Protocol surged in user activity, surpassing Ethereum and Binance Chain in growth. With 46 million monthly active users in May 2025, it ranks as the second Layer 1 platform. Coinglass reported a 14.14% volume rise to $495.52M, showing strong investor confidence. NEAR Protocol has stirred the blockchain industry, reporting an increase in its monthly active users (MAUs). By May 2025, NEAR had achieved an incredible 46 million monthly active users (MAUs), making it the second-largest Layer-1 blockchain after Solana. It is a historical milestone in the development of blockchain, as it has surpassed other projects, including Ethereum and Binance Chain, in terms of user activity. Source: X The expansion of the protocol is attributable to its user-centric infrastructure. NEAR simplifies blockchain access through features like account abstraction, chain signatures, and a robust dApp ecosystem. These enhancements make it more user-friendly for both new and existing users. Its emphasis on usability is paying off, as NEAR is gaining traders and investors in the digital assets domain. Nightshade sharding is NEAR’s scalability solution designed to handle large-scale blockchain operations. While maintaining decentralization, it significantly boosts the platform’s performance. This makes NEAR well-suited for demanding Web3 use cases, including gaming, creator platforms, and blockchain-based social apps. NEAR Protocol Sees Surge in Market Activity Despite Price Decline Coinglass recorded a remarkable level of market activity for NEAR. The Volume increased by 14.14% to hit $495.52M, and the Open Interest increased by 5.42% to reach $251.97M. Such numbers demonstrate the rising confidence of investors and the growing presence of NEAR in the digital assets environment. Nevertheless, the native token of the NEAR protocol, NEAR, has experienced downward price movements, despite its rapidly increasing popularity. As of press time, NEAR is trading at $2.48 and is down by 6.30% over the past day. It is…
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