NEAR Token Lights Up: 22% Price Surge In Seven Days, Network Activity Skyrockets By 350%

NEAR Protocol, a Blockchain Operating System (BOS), demonstrated notable growth in the third quarter of 2023, defying the challenging conditions of the overall cryptocurrency market. According to a recent report by Messari, key metrics for NEAR Protocol surged significantly over the past month, buoyed by recent price increases across the crypto market.

Timeline of Near-protocol

The recent partnership between Circle, the issuer of the USDC stablecoin, and the NEAR Foundation offers a compelling snapshot of the rapidly evolving crypto landscape. By introducing native USDC stablecoins on the NEAR blockchain, this alliance effectively ushers in a new era of financial flexibility.

Circle, a prominent stablecoin company, has made a significant announcement regarding its USD Coin (USDC) cryptocurrency. USDC is a stablecoin, and Circle has revealed that it is now natively available on the NEAR blockchain.

Financial technology company Circle, the issuer of USD Coin (USDC), announced the native stablecoin liquidity access on the NEAR protocol ecosystem. The USDC NEAR access can be gained from Circle Account and Circle APIs, the company announced on Wednesday.

Open Forest Protocol's (OFP) leaked pitch deck on Reddit reveals its aim to transform the $2 billion voluntary carbon market, projected to reach $50 billion by 2050. OFP, on the NEAR Protocol, showcases advantages over traditional carbon credit methods.

1. Introduction NEAR Protocol has positioned itself as a Blockchain Operating System (BOS) aiming to become an open-source community-run public cloud computing platform for decentralized applications (dApps).

NEAR Protocol, a blockchain network striving for growth and innovation, has recently unveiled its latest update, showcasing the milestones achieved in Q2 as part of its roadmap. This comprehensive report offers a valuable insight into the network's performance and aspirations.

NEAR looks to be planning to become more competitive in the blockchain segment based on its latest findings. The network's development activity was also in tandem with NEAR's update.

According to Mesari, NEAR Protocol, a leading smart contract platform, demonstrated resilience and growth in Q2 2023, despite being listed in the SEC's complaint against Coinbase. The platform's financial and network fundamentals remained stable, with strategic partnerships and grassroots initiatives driving user adoption.

NEAR Foundation, the firm behind the NEAR protocol ecosystem development, is partnering with Alibaba Cloud, Alibaba Group's digital technology and intelligence backbone. The strategic alliance aims to galvanize the NEAR Foundation's reach into Alibaba Cloud's extensive developer ecosystem in Asia and the Middle East.

The NEAR Foundation and Alibaba Cloud have formed a strategic relationship to collaborate and speed up the development of dApps and blockchain technology, marking a significant milestone for the Web3 ecosystem in Asia. This partnership is a huge step forward in encouraging creativity, improving scalability, and facilitating widespread use of Web3 solutions in the area.