NEAR Protocol Surges 4% After 12.8% Correction, User Growth Shines

Conflict between Israel and Iran spurred a crypto market sell-off on Friday, with NEAR Protocol experiencing significant price volatility despite impressive adoption metrics. The protocol has emerged as a leading Layer-1 solution, surpassing established competitors like Ethereum, Binance Chain, and Tron in monthly active users, highlighting a growing shift in user preferences toward platforms offering lower transaction costs and improved usability. Market analysts note that NEAR's recent price correction occurred despite its strong fundamentals, with the token currently trading below key technical indicators. The protocol's focus on user-friendly infrastructure, including features like account abstraction and chain signatures, has positioned it as an attractive option for both developers and users in the blockchain space, particularly as it expands into AI applications and web3 consumer apps source: https://www.coindesk.com/markets/2025/06/13/near-protocol-surges-4-after-12-8-correction-user-growth-shines