Token value shoots up 95% in a month
The total value locked in DeFi protocols on NEAR has skyrocketed these last few weeks as its finance dapps showed their resolve. TVL in NEAR increased 300% from $90 million on February 14 to more than $360 million at writing. At the same time, the value of the network’s native token has increased 95% in the last 30 days.
NEAR is a platform utilizing a developer-friendly, sharded, proof-of-stake public blockchain that aspires to make it easy for developers to build dapps. Dapps can provide users with easy-to-use applications capable of securing high-value assets like money and identity. The NEAR token, which allows this platform to run, also enables applications built on top of it to interact with each other.