NEAR (NEAR Protocol) rose 6.48% in the last 24 hours.

Gate News Bot news, on September 9th, according to CoinMarketCap, as of the time of writing, NEAR (NEAR Protocol) is currently priced at 2.62 USD, with a rise of 6.48% in the last 24 hours, reaching a high of 2.62 USD and a low of 2.32 USD, with a 24-hour volume of 166 million USD. The current market capitalization is approximately 3.275 billion USD, an increase of 199 million USD compared to yesterday.

NEAR is a high-speed modular protocol designed for AI, enabling AI to act, trade, coordinate, and develop on behalf of users. NEAR serves as the infrastructure that supports AI as a frontend to interact with users and execute intentions, while the blockchain acts as the backend to handle identity, trust, and data. NEAR provides everything needed to build and scale AI-native systems, including protocols that support encrypted model execution, verifiable computing, and multi-chain operations, as well as computation and infrastructure. NEAR simplifies the blockchain user experience by handling cross-chain routing, signing, and execution without the need for wallets, bridges, or tokens. Its dynamic sharding system delivers global-scale performance, achieving finality within 600 milliseconds, designed specifically for low latency, parallel execution, and supporting thousands of concurrent agents.

Important news about NEAR recently:

1️⃣ NEAR launches cross-chain exchange feature to expand its ecosystem NEAR Protocol recently launched a feature called "NEAR Intents," which supports frictionless cross-chain exchanges, initially achieving interoperability with the Sui ecosystem. This initiative significantly enhances NEAR's cross-chain interoperability and is expected to attract more users and developers, expanding its ecosystem scale.

2️⃣ NEAR plans to develop large-scale open-source AI models NEAR announced plans to create the world's largest 14 trillion parameter open-source AI model. This ambitious project showcases NEAR's innovative strength in the integration of AI and blockchain, with the potential to position NEAR as a significant player in the AI infrastructure market.

3️⃣ Institutional capital flows affect NEAR price fluctuations In mid-August, NEAR experienced significant price fluctuations. The large inflow of institutional funds drove the price to break through resistance levels, only to face selling pressure from institutions thereafter. This frequent change in institutional fund flows reflects the high level of attention NEAR receives from institutional investors, while also increasing short-term price uncertainty.

From a technical perspective, NEAR's daily average volume and the number of new addresses are showing a stable rise trend, indicating an increase in network activity. On the fundamental side, NEAR's continuous innovation in areas such as the integration of AI and blockchain, as well as cross-chain interoperability, lays a solid foundation for its long-term development.

This message is not considered investment advice; investors should be aware of market volatility risks.