NEAR Protocol Breaks Records with Trading Surge, But Token Performance Lags

The NEAR Protocol experienced a remarkable surge in trading activity in November 2025, generating over $400,000 daily fees and processing more than $150 million in trades daily. This tenfold increase from the previous quarter was driven by increased adoption of its cross-chain trading platform, NEAR Intents. While this volume represents a promising milestone for the protocol’s growth, the native token’s price remains relatively stagnant, hovering between $1.90 and $3.10 throughout 2025.