{"id":55860,"date":"2022-01-13T18:52:40","date_gmt":"2022-01-13T16:52:40","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=55860"},"modified":"2025-09-04T03:38:14","modified_gmt":"2025-09-04T00:38:14","slug":"near-protocol-token-hits-all-time-high-on-back-of-150m-funding-round","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/near-protocol-token-hits-all-time-high-on-back-of-150m-funding-round\/","title":{"rendered":"NEAR Protocol token hits all-time high on back of $150m funding round"},"content":{"rendered":"

The native NEAR Protocol (NEAR) token hit an all-time high on the back of the announcement<\/a> by the project team of a new $150 million funding round led by venture capital firm Three Arrow Capital.<\/p>\n

The project was also backed by Andreessen Horowitz, Alameda Research, Dragonfly Capital, and other investors.<\/p>\n

The NEAR team will use the proceeds to accelerate broad Web 3.0 adoption by funding the ecosystem. Investments will also go toward developing regional hubs and marketing efforts.<\/p>\n

According to the press release, since the mainnet launch in Q4 2020, the protocol has processed over 70 million transactions from 2.3 million addresses.<\/p>\n

Sources at CoinDesk CoinDesk<\/a> told the publication that at least two funds among the investors have taken on verbal commitments to provide liquidity to new DeFi projects built on NEAR Protocol.<\/p>\n

The native NEAR token reacted to the investment news with gains. According to CoinGecko<\/a>, in 24 hours its price rose 7.5%, over the past week \u2014 26%. The asset touched a high above $19.7 on the Binance exchange.<\/p>\n

As of writing, the token is trading near $19.4.<\/p>\n

\\\"Token
Hourly chart of NEAR\/USDT on Binance. Data: TradingView<\/a>.
<\/figcaption><\/figure>\n

According to DeFi Llama<\/a>, the total value locked in the NEAR Protocol DeFi ecosystem reached nearly $160 million. The largest project built on the protocol is the DeFi platform Ref Finance.<\/p>\n

In December, the NEAR Protocol team announced the integration of the algorithmic stablecoin UST from the DeFi project Terra<\/a>. Within a day, the native token price rose by more than 50%.<\/p>\n

Read ForkLog’s Bitcoin news on our Telegram<\/a> \u2014 news on cryptocurrencies, rates and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"

The native NEAR Protocol (NEAR) token hit an all-time high on the back of the project’s announcement of a new $150 million funding round led by Three Arrow Capital.<\/p>\n","protected":false},"author":1,"featured_media":55861,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1216,1133],"class_list":["post-55860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-near-cryptocurrency","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=55860"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55860\/revisions"}],"predecessor-version":[{"id":55862,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55860\/revisions\/55862"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/55861"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=55860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=55860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=55860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}