NEAR’s 46M Users: So Why Is the Price Still Stuck in the Mud? 🤔

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  • So, NEAR Protocol, the second leading Layer-1 blockchain, has 46 million users. Impressive, right? But wait, the price is still at $2.80. What gives? 🤷‍♂️
  • Unique users, TVL, volume, total swaps, and assets supported are all up, yet NEAR’s price is like that friend who never pays you back. 🙄

NEAR Protocol [NEAR] is having a party with explosive on-chain growth in Q2 2025, but the token? Stuck in a corner, sulking in bearish territory. Classic! 😒

As of now, NEAR has dropped 4%. I mean, come on! With all this ecosystem expansion, can we get a little price action here? Is that too much to ask? 😤

What’s driving protocol’s rising on-chain metrics?

In Q2 2025, NEAR Protocol became the second Layer-1 blockchain by monthly active users, just behind Solana. So, it’s like being the second-best at a game nobody plays. 🎮

46 million users by the end of the second quarter? That’s a lot of people! But are they actually doing anything? Or just scrolling? 🤔

NEAR’s share grew faster than Sui [SUI], BNB Chain, TRON [TRX], Ethereum [ETH], and Avalanche [AVAX]. It’s like a race where everyone else is tripping over their shoelaces! 🏃‍♂️💨

Most chains are on a downward spiral, while NEAR is like, “Look at me! I’m a serious L1 competitor!” But will anyone notice? 🤷‍♂️

NEAR’s on-chain traction isn’t just about users. The NEAR Intents protocol processed $88.85 million in volume over the past 30 days. That’s a lot of swaps! But where’s the price? 🤔

In the last 24 hours, $1.26 million changed hands. 802 distinct users? Great! But are they buying or just window shopping? 🛍️

In 7 days, there were 5,114 unique protocol users. And 30-day unique users? 22,003! The coin supports 87 assets with a TVL of $13.1 million. But still, the price is like a stubborn mule. 🐴

This increase correlates with bullish expectations of a potential 21.9% price upside. So, we might see NEAR above $3 by early summer. Or maybe not. Who knows? 🌞

Development interest is rising, with the near Infra Committee investing in AI equipment and decentralized RPCs. Sounds fancy, right? But will it translate to price? 🤷‍♂️

Will NEAR price follow suit?

On-chain NEAR metrics are expanding rapidly, but the price action? Reluctant, like a cat in a bathtub. NEAR is trading at $2.492, having rejected off a falling trendline. The resistance at $2.80 is still intact. 🙄

Price didn’t break the structure despite all this network activity. It’s like trying to break a piñata with a toothpick! 🎉

If the momentum improves and bulls break above the trendline, NEAR could test $2.80 again. Or it could just sit there, doing nothing. Classic NEAR! 😒

But if this momentum fades and the $2.22 support breaks, we could see a deeper selloff. This zone is critical—hold it, and we might see a bottom; lose it, and it’s open season for losses. 🎯

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2025-06-12 19:40