NEAR Protocol’s native token surged 16% over the weekend, hitting a record daily trading volume of approximately $3.54 billion, up 98%. On October 10, 2026, the token touched $6.00 on Binance before cooling to around $5.64, pushing its market capitalization to roughly $7.2 billion and returning it to the top 20 digital assets. The 83% gain over four weeks was driven by Bitwise launching the first US spot NEAR ETF on September 29, 2026, which drew nearly $58 million in inflows during its first week, and by NEAR Intents posting $4.8 billion in September swap volume. A governance proposal to lower the maximum annual token issuance from 2.5% to 1.6% over 24 months is underway. An early October exploit of $3.8 million on NEAR Intents was fully recovered within 24 hours with no lasting impact on the token.
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