NEAR (NEAR Protocol) fell 4.77% in the last 24 hours

Gate News Bot news, on October 16, according to CoinMarketCap, as of the time of writing, NEAR (NEAR Protocol) is currently priced at $2.33, down 4.77% in the last 24 hours, with a high of $3.22 and a low of $1.75. The 24-hour volume has reached $279 million. The current market capitalization is approximately $2.914 billion, a decrease of $146 million from yesterday.

NEAR is a modular high-speed protocol designed for AI, aimed at allowing AI to act, trade, coordinate and develop on behalf of users. NEAR serves as the blockchain backend handling identity, trust, and data, while AI interacts with users and executes intents on the frontend. NEAR provides everything developers need to build and scale AI-native systems, including AI protocols, computation, and infrastructure, supporting encrypted model execution, verifiable computation, and multi-chain operations.

Important news about NEAR recently:

1️⃣ Zcash Zashi wallet integrates NEAR Intent Protocol The Zashi wallet of Zcash recently announced that it will utilize the NEAR Intent Protocol to achieve private exchange functionality. This integration significantly enhances NEAR's application value in the field of privacy protection and is expected to attract more privacy-conscious user groups. At the same time, the activity level of the NEAR Intent Protocol has also shown a noticeable increase, reflecting the advantages of its technical solution in practical applications.

2️⃣ NEAR Protocol daily volume shows an upward trend Recent data shows that the daily trading volume of the NEAR protocol is showing a steady upward trend. This growth trend reflects the increasing activity within the NEAR ecosystem and the rising demand for its services. The continuously increasing trading volume may signal the healthy development of the NEAR network and an enhancement in market recognition.

3️⃣ NEAR continues to promote the integration of AI and blockchain The NEAR protocol is actively promoting the deep integration of artificial intelligence and blockchain technology. As a modular high-speed protocol designed specifically for AI, NEAR is providing more efficient and secure infrastructure support for AI agents. This strategic positioning is expected to bring significant advantages to NEAR during the future explosion of AI applications.

From a technical perspective, although NEAR has recently experienced a significant price correction, its infrastructure development and ecosystem growth continue to progress steadily. The increase in daily volume and the expansion of new application scenarios may provide support for NEAR's future price performance. However, investors still need to closely monitor the overall volatility trends of the cryptocurrency market.

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