NEAR Protocol surpasses Avalanche in 24H DEX volume
Summary
In a significant shift in decentralized exchange (DEX) activity, NEAR Protocol recently surpassed Avalanche in 24-hour trading volume. This change reflects ongoing competition among major layer-1 networks, as highlighted by DeFi analytics platforms tracking trading activity. While Avalanche has established itself as a leader in tokenized real-world assets, attracting institutional investments, the rise of NEAR Protocol showcases the dynamic nature of the DeFi landscape and the impact of new protocols and features on trading volume.
Tokens
$NEAR$AVAX
Analysis
Avalanche: Avalanche functions as a high-performance layer-1 blockchain supporting customizable subnets and rapid transaction finality for diverse decentralized applications. The network has attracted institutional focus through its role in real-world asset tokenization and tokenized equity offerings. These developments underscore Avalanche's expansion into specialized DeFi and RWA sectors alongside its established DEX ecosystem. NEAR Protocol: NEAR Protocol operates as a layer-1 blockchain designed for scalable and accessible decentralized applications with strong emphasis on cross-chain functionality. Its NEAR Intents system uses a solver-based approach to execute user trades by aggregating liquidity across chains. This infrastructure has positioned NEAR prominently in recent DeFi activity, particularly in driving efficient DEX trading without relying on traditional bridges. RWA Momentum: Avalanche has emerged as a leader in tokenized real-world assets, drawing institutional inflows through dedicated deployments of equities and funds on its chain. DEX Competition: 24-hour volume comparisons on DeFi analytics platforms highlight ongoing shifts in trading activity among major layer-1 networks as new protocols and features gain traction. Cross-Chain DeFi: Intent-based execution layers are enabling multi-chain trading activity by allowing solvers to compete for optimal routes across decentralized and centralized liquidity sources.
Categories
cryptodefi
Related sources
- https://x.com/i/status/2105254443382092276
- https://finance.biggo.com/news/21d650b0-c131-4f74-a410-60ab720cef1a
- https://cryptobriefing.com/near-protocol-intents-30-billion-volume-record/
- https://blockchain.news/news/20250930-avax-consolidates-near-30-after-record-31b-september-dex-volume
- https://www.kucoin.com/news/insight/NEAR/6ab23fd774fd460007c4b8a1
- https://tradersunion.com/news/cryptocurrency-news/show/3400216-avalanche-institutional-interest-builds/
- https://www.kucoin.com/news/flash/near-protocol-surges-84-weekly-amid-confidential-futures-and-1b-intents-volume
- https://cryptobriefing.com/avalanche-tokenized-stock-inflows-131m/
- https://www.diariobitcoin.com/analisis/avax-retrocede-un-287-este-1-de-octubre-tras-rally-institucional-pausa-tecnica-o-techo/
- https://x.com/i/status/2104940128527700430
- https://x.com/i/status/2105712297070997930
- https://bsc.news/news/near-intents-1-billion-week-no-bridge
- https://x.com/i/status/2105612184445235698
- https://dune.com/henrystats/avalanche-dex-overview