NEAR Protocol is showing signs of recovery as its Total Value Locked (TVL) has surged to $14.679 billion. This increase reflects a positive trend following the significant market downturn experienced earlier this year. The publication provides the following information:
NEAR's TVL Performance
According to data from DeFiLlama, NEAR's TVL reached a peak of nearly $500 million in early 2022, but subsequently fell below $100 million during the market slump. However, since the beginning of 2024, the protocol has experienced moderate growth and stabilization in capital movement, indicating a resurgence of interest in the NEAR ecosystem.
Increased Liquidity and Investor Interest
The recent uptick in TVL, coupled with increased decentralized exchange (DEX) volume, suggests that NEAR is attracting more liquidity and attention from investors. This trend could potentially enhance the overall health of the NEAR network and foster further development within its decentralized finance (DeFi) landscape.
The SIGHT project is currently addressing critical challenges to regain market confidence and stabilize its price. In contrast to NEAR Protocol's recent recovery, SIGHT must tackle transparency issues to rebuild trust among investors. For more details, see further insights.
