NEAR Protocol Surges 8.7% to $7 Billion Market Cap, Enters Top 20 After Launching World's First Post-Quantum Asset
NEAR Protocol (NEAR) has seen an 8.7% surge in the past 24 hours, reaching a market capitalization of $7 billion and displacing Stellar (XLM) from the top 20 global crypto rankings by CoinGecko. This milestone follows the commercial launch of the Quantus Network's native token QTC, the industry's first post-quantum asset, on the near.com platform. QTC is fully protected against quantum computer attacks using the NIST-approved ML-DSA cryptographic standard, marking a shift from theoretical discussions to real-world Web3 products. The NEAR Intents architecture, specifically its Confidential Intents feature, facilitates direct and confidential one-click swaps of QTC for over 180 assets across 30 blockchains, including Bitcoin and Ethereum, bypassing traditional bridges. This launch culminates a two-month uptrend for NEAR, driven by its integration with Robinhood Crypto Chain and institutional capital inflows diversifying into AI infrastructure and Chain Abstraction technologies.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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