In its recent analysis, market intelligence firm Messari has provided a comprehensive overview of the NEAR Protocol’s performance in Q4 2024. Despite facing headwinds in the broader crypto market, NEAR has demonstrated notable resilience through increased activity and strategic developments. Drop In Market Cap Ranking But Resilience Through Increased Activity During Q4, NEAR Protocol initially surged, reaching a token price high of approximately $8.19 in December before retracing to around $4.91 by the quarter’s end. This decline reflected a significant drop in market cap, which fell to approximately $5.73 billion—marking a 2.09% decrease quarter-over-quarter (QoQ). Consequently, NEAR dropped ten spots in market cap rankings, now sitting at 21st overall, indicating a performance lag compared to other leading assets. Despite the challenges in market pricing, NEAR’s revenue, derived from network transaction fees, saw a substantial increase. The revenue grew to about $2.11 million, representing a 26.81% QoQ rise. This growth can be attributed to heightened transaction volumes and decentralized exchange (DEX) activity. The average transaction fee during the quarter was roughly $0.0031, a 15.91% increase from the previous quarter, further highlighting the network ..
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