NEAR Protocol edges past Avalanche in 24-hour DEX volume
NEAR Protocol reported $197.55M in 24-hour DEX volume, surpassing Avalanche's $193.92M. NEAR's growth is driven by NEAR Intents, an intent-based trading system. NEAR's TVL ranges from $194M to $230M, supported by projects like Rhea Finance. The NEAR token saw a 78% weekly gain in mid-to-late September 2026, according to research.
How this was made
The 30-second read
Why it matters
NEAR's volume edge suggests rising user interest, potentially supporting its token price, while Avalanche may see a minor relative dip.
Market read
Short‑term crypto traders may watch NEAR for bullish moves; AVAX could see slight weakness.
What to watch
Underlying TVL remains modest; volume surge driven by specific intents may not translate to long‑term growth.
Background
The article compares 24‑hour DEX trading volume of two leading smart‑contract blockchains, NEAR and Avalanche, using DefiLlama data.
Ticker impact
NEAR Protocol posted $197.55 million 24‑hour DEX volume, overtaking Avalanche for the day.
potential upward pressure as traders view volume surge as bullish
Daily DEX volume beat a close competitor, indicating increased usage and interest.
Avalanche recorded $193.92 million 24‑hour DEX volume, slightly behind NEAR.
possible slight pullback as market shifts attention to NEAR
Being edged out in daily volume could be interpreted as a short‑term relative weakness.
Market effects
Highlights growing activity in layer‑1 DeFi protocols, may boost interest in similar ecosystems.
Primarily impacts the broader crypto market rather than any specific geography.
Shows competitive dynamics among major smart‑contract platforms.
Counterpoint
Volume spikes can be transient; price may not sustain without broader adoption.
Key entities
- cryptocurrencyNEAR Protocol
Layer‑1 blockchain with intent‑based trading architecture.
- cryptocurrencyAvalanche
Competing layer‑1 blockchain platform.
