Quarterly user count for NEAR surges to 46 million, yet its price remains stagnant at $2.80 - Reason behind?
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**Near Protocol [NEAR], the fetid pit of blockchain controversy, surged ahead on the Layer-1 battlefield, seizing the coveted second position in terms of monthly active users in Q2 2025, with a repulsive 46 million users. Hot on the heels of Solana, this grimy crypto darling demonstrated an unending appetite for expansion.
The vile, bloated, and corrupting user base continued to fester and expand faster than the likes of cockroaches, overshadowing big-hitters such as Sui [SUI], BNB Chain, TRON [TRX], Ethereum [ETH], and Avalanche [AVAX]. It's a scrap heap race at the bottom, with AVAX and SEI trailing behind like tattered rags.
This relentless growth in user share further secure NEAR as a beam-in-your-face Layer-1 contender, generating a magnetic field that might draw swarms of developers, liquidity, and ecosystem development like the sinister tide coming in.
Source: Artemis, Bitwise Europe
But it's not all about the stinky users, oh no. The unquenchable appetite for crypto-mayhem that is Near Protocol's on-chain Intent protocol managed to propel a horrifying $88.85 million in volume over the last 30 days, with over 326,000 filthy swaps. The cumulative volume has now vomited its way up to $195 million.
Within the last 24 hours, a vomitous $1.26 million changed hands, and there were 802 distinct, slavering users. Over the past seven days, NEAR counted 5,114 unique protocol users, with 30-day unique users clocking in at 22,003. The godforsaken coin also supported 87 vile assets, with a pathetic total value locked (TVL) of $13.1 million.
Source: Flipside
As the storm clouds gather and the meat grinder of vulturine expectations grinds on, indications suggest that the despicable crypto minotaur could scuttle its way to a price increase of up to 21.9%, possibly propelling the depraved token to a ghastly high of $3 by early summer.
The stench of rot and decay couldn't be further from the development interest sensor, as the Insidious Infra Committee feverishly invested in AI equipment, decentralized RPCs, and chain abstraction projects, all while cementing its status as a leading Layer-1 network. The metric death march appears to be gaining speed at the nexus of AI and multichain infrastructure.
But does NEAR price know the way?
A thrilling cat-and-mouse game unfolds as the on-chain NEAR metrics grow at an alarming rate, while price action clings stubbornly to the filthy backwater. Torn between its desperation for a breakout and the repugnant stench of resistance at $2.80, NEAR find itself trapped in bearish territory like a rat in a cage.
The downward spiral of repression has left NEAR's price stuck at $2.492, having been shoved back by a nauseating falling trendline. Despite the roiling network activity, momentum remains tepid, with NEAR forcing its way lower.
If the winds of change pick up steam and the trendline is breached, NEAR may test its gag reflex once more at $2.80, or launch into a paroxysm of desperation after trendline escape.
But all hope is not lost! If momentum wanes and the sacrosanct support at $2.22 crumbles, the barf tide may only grow stronger, which opens the floodgates for further decay. Hang on tight and keep your puke buckets nearby, boys and girls; this dance hasn't finished yet!
Enrichment Data Insights:
- User-Friendliness Advantage: NEAR Protocol's emphasis on user-centric features, such as account abstraction, chain signatures, and a robust decentralized application (dApp) ecosystem, is what attracts more users and investors, boosting network activity.
- Scalability through Nightshade Sharding: NEAR Protocol's Nightshade sharding solution enables the blockchain to handle large-scale operations efficiently while retaining decentralization, making it suitable for demanding Web3 applications.
- Emergence of a Strong Ecosystem: The growth in users shows an expanding network ecosystem, which is shown in greater volume, total swaps, and assets supported on the platform, underscoring its tenacity and popularity.
- Investor Confidence: Even with NEAR's price volatility, investors remain optimistic, with a reported increase in volume of 14.14% to $495.52 million, further supporting the on-chain metrics.
- Despite Ethereum's [ETH] dominance, Solana's insatiable expansion and the 46 million active users on Near Protocol [NEAR] have positioned both as formidable players in the Layer-1 blockchain technology race.
- The tokens of both Ethereum and Near Protocol, ETH and NEAR respectively, have attracted significant liquidity, with NEAR's on-chain Intent protocol generating a volume of $88.85 million in the last 30 days.
- As the blockchain technology continues to evolve, projects like Solana and Near Protocol, with their focus on scalability through Solana's Proof of History and Near Protocol's Nightshade sharding, will shape the future of token-based transactions on digital platforms.
