create account

Near Protocol Gets Another All Time High Defying Bearish Market by xabi

View this thread on: hive.blogpeakd.comecency.com
· @xabi ·
$23.58
Near Protocol Gets Another All Time High Defying Bearish Market
![image.png](https://images.hive.blog/DQmeEvGESF3teWJHtMd3XWM1mhTUD7D1EnMncBHZAn6Yepi/image.png)[<sup>(Source)</sup>](https://cryptoslate.com/the-rise-of-near-protocol-as-a-project-led-ecosystem/)

#### Evening

So Near Protocol is making headlines again, getting yet another all time high in just two weeks, defying the broader bearish market. Near hit all time high of $20.38, yesterday. At the moment of writing Near is trading at $19.31.

[![Price near.png](https://images.hive.blog/DQmR4LDiz52qyVBcDNNpAWjYuemzaVzN7g6JZPThuqsGjiJ/Price%20near.png)](https://coinmarketcap.com/currencies/near-protocol/)

Near Protocol is one of the several new smart contract based layer 1 protocols. It utilizes proof of stake(POS) mechanism and Sharding technique to ensure high scalability and lower transaction fees. The protocol claims to be the most dapp friendly. As of now the protocol can handle 100,000 transactions per second with transaction processing happening in less than a second.

Several factors have been behind recent growing traction of Near. The most significant is the recent successful completion of $150 million funding round led by @zhusu's Three Arrow Capital with participants like Dragonfly Capital, a16z, Alameda and Circle Ventures.

[![Near tw.png](https://images.hive.blog/DQmc1TSJ6coQnHnGSzW2sYAgo2tZZgxHgEutfiphLKeJUkP/Near%20tw.png)](https://twitter.com/NEAR_Blockchain/status/1481631961412157440?s=20)

Moreover Near Protocol has picked sharp increase in on-chain activity since the launch of Aurora cross-chain bridge. Aurora is an EVM built upon Near that allows Ethereum's users and defi applications to bridge on Near blockchain. Aurora bridge is resulting in increased projects adoptions and growing migration of Ethereum tokens on Near protocol causing a sharp increase in transactions on blockchain. 

[![transc near.png](https://images.hive.blog/DQmef3XZtLb9QoX45W7Zt96Wf3tBCL4RXWha6cSakM8HLuf/transc%20near.png)](https://explorer.near.org/)


Near has undergone extensive development in recent times making it third fastest growing ecosystem after Terra and Solana. Near Protocol is becoming developers darling owing to its rewarding mechanism that grants developers 30% of the transaction fees spent on their contract.

But all of this is just a start as Near Protocol is beginning to get the crypto community attention, with several investors getting behind the funding rounds and ready to invest in Near based projects as liquidity providers.

<center>

![image.png](https://images.hive.blog/DQmbrLvuKcUaQ6QGFh32C9g1XkCM5TpTJuMnVhVysT4SMTe/image.png)

</center>



<center>

![158817836372645504 45.png](https://files.peakd.com/file/peakd-hive/xabi/vzEZjOB9-1588178363726455042045.png)

</center>

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@xabi/near-protocol-gets-another-all-time-high-defying-bearish-market)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 226 others
properties (23)
authorxabi
permlinknear-protocol-gets-another-all-time-high-defying-bearish-market
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["near","ethereum","news","neoxian","hive-engine","aeneas","palnet","leofinance"],"canonical_url":"https://leofinance.io/@xabi/near-protocol-gets-another-all-time-high-defying-bearish-market","links":["https://cryptoslate.com/the-rise-of-near-protocol-as-a-project-led-ecosystem/","https://coinmarketcap.com/currencies/near-protocol/","https://twitter.com/NEAR_Blockchain/status/1481631961412157440?s=20","https://explorer.near.org/"],"image":["https://images.hive.blog/DQmeEvGESF3teWJHtMd3XWM1mhTUD7D1EnMncBHZAn6Yepi/image.png","https://images.hive.blog/DQmR4LDiz52qyVBcDNNpAWjYuemzaVzN7g6JZPThuqsGjiJ/Price%20near.png","https://images.hive.blog/DQmc1TSJ6coQnHnGSzW2sYAgo2tZZgxHgEutfiphLKeJUkP/Near%20tw.png","https://images.hive.blog/DQmef3XZtLb9QoX45W7Zt96Wf3tBCL4RXWha6cSakM8HLuf/transc%20near.png","https://images.hive.blog/DQmbrLvuKcUaQ6QGFh32C9g1XkCM5TpTJuMnVhVysT4SMTe/image.png","https://files.peakd.com/file/peakd-hive/xabi/vzEZjOB9-1588178363726455042045.png"]}
created2022-01-16 00:01:30
last_update2022-01-16 00:01:30
depth0
children2
last_payout2022-01-23 00:01:30
cashout_time1969-12-31 23:59:59
total_payout_value11.860 HBD
curator_payout_value11.720 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length2,869
author_reputation482,761,352,312,564
root_title"Near Protocol Gets Another All Time High Defying Bearish Market"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id109,524,510
net_rshares17,727,756,109,639
author_curate_reward""
vote details (290)
@hivebuzz ·
<center>[![](https://images.hive.blog/175x175/http://hivebuzz.me/@xabi/level.png?202201161508)](https://hivebuzz.me/@xabi)
<center>@xabi, sorry to see you have less Hive Power.
Your level lowered and you are now a **Minnow**!</center>

**Check out the last post from @hivebuzz:**
<table><tr><td><a href="/hivebuzz/@hivebuzz/pum-202201-15"><img src="https://images.hive.blog/64x128/https://i.imgur.com/xwzanZE.png"></a></td><td><a href="/hivebuzz/@hivebuzz/pum-202201-15">Hive Power Up Month - Feedback from day 15</a></td></tr><tr><td><a href="/hivebuzz/@hivebuzz/pum-202201-10"><img src="https://images.hive.blog/64x128/https://i.imgur.com/SLXQX7g.png"></a></td><td><a href="/hivebuzz/@hivebuzz/pum-202201-10">Hive Power Up Month - Feedback from day 10</a></td></tr></table>

###### Support the HiveBuzz project. [Vote](https://hivesigner.com/sign/update_proposal_votes?proposal_ids=%5B%22199%22%5D&approve=true) for [our proposal](https://peakd.com/me/proposals/199)!
properties (22)
authorhivebuzz
permlinknotify-xabi-20220116t151647
categoryhive-167922
json_metadata{"image":["http://hivebuzz.me/notify.t6.png"]}
created2022-01-16 15:16:48
last_update2022-01-16 15:16:48
depth1
children0
last_payout2022-01-23 15:16:48
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length971
author_reputation369,400,180,506,783
root_title"Near Protocol Gets Another All Time High Defying Bearish Market"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id109,540,686
net_rshares0
@hivebuzz ·
<center>[![](https://images.hive.blog/175x175/http://hivebuzz.me/@xabi/level.png?202201171541)](https://hivebuzz.me/@xabi)
**Congratulations @xabi**!
You raised your level and are now a **Dolphin**!</center>

**Check out the last post from @hivebuzz:**
<table><tr><td><a href="/hivebuzz/@hivebuzz/pum-202201-15"><img src="https://images.hive.blog/64x128/https://i.imgur.com/xwzanZE.png"></a></td><td><a href="/hivebuzz/@hivebuzz/pum-202201-15">Hive Power Up Month - Feedback from day 15</a></td></tr></table>

###### Support the HiveBuzz project. [Vote](https://hivesigner.com/sign/update_proposal_votes?proposal_ids=%5B%22199%22%5D&approve=true) for [our proposal](https://peakd.com/me/proposals/199)!
properties (22)
authorhivebuzz
permlinknotify-xabi-20220117t155547
categoryhive-167922
json_metadata{"image":["http://hivebuzz.me/notify.t6.png"]}
created2022-01-17 15:55:48
last_update2022-01-17 15:55:48
depth1
children0
last_payout2022-01-24 15:55:48
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length704
author_reputation369,400,180,506,783
root_title"Near Protocol Gets Another All Time High Defying Bearish Market"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id109,575,064
net_rshares0