In a surprising twist, Near Protocol has managed to outshine Solana in a race that has captured the attention of crypto enthusiasts around the world. As of August 12, 2025, Near’s daily active users have surged past those of Solana, signaling a potential shift in the crypto landscape. This remarkable feat not only highlights Near Protocol’s growing appeal but also raises questions about whether the NEAR token is currently undervalued.
A New Contender Takes the Stage
Near Protocol’s recent ascent is marked by a notable increase in daily active users, a metric that often indicates a blockchain’s health and popularity. According to industry insiders, this surge is fueled by a combination of bullish technical patterns and upcoming catalysts that could propel NEAR to new heights. “The momentum behind Near is palpable,” says crypto analyst Sarah Jenkins. “The network’s scalability and developer-friendly environment are drawing in a new wave of users and projects.” As explored in our recent coverage of NEAR Protocol’s volume-backed breakout, this surge comes amid a broader market consolidation, highlighting Near’s unique position in the crypto space.
Solana, long regarded as a leading blockchain platform, now finds itself in a unique position. While it remains a formidable player in the crypto space, Near’s recent gains suggest a dynamic shift that could alter market perceptions. The question on everyone’s mind: Is Near Protocol merely experiencing a temporary boost, or is this indicative of a more sustained trajectory?
Why NEAR Might Be Undervalued
Several factors point to the possibility that the NEAR token is undervalued. For starters, Near Protocol’s architecture is designed to offer high throughput and low fees, making it an attractive option for developers seeking to build decentralized applications (dApps). This technical edge, combined with Near’s focus on user experience, positions it as a strong competitor in the ever-evolving blockchain arena. For a deeper dive into how Near is redefining user experiences, see our coverage of NEAR Protocol and Infinex’s impact on DeFi.
Moreover, the protocol’s recent updates have introduced features that enhance its functionality and appeal. For instance, the integration of sharding technology—allowing the network to process transactions more efficiently—has been a game-changer. “Near’s approach to scalability is innovative and forward-thinking,” notes blockchain expert Daniel Liu. “They’re not just keeping pace with industry standards; they’re setting them.”
The Road Ahead: Caution and Optimism
While Near’s current momentum is exciting, it’s essential to approach future projections with a degree of caution. The crypto market is notoriously volatile, and unforeseen challenges could arise. Yet, the optimism surrounding Near Protocol is palpable, especially given the potential catalysts on the horizon.
In the coming months, Near’s roadmap includes several key developments that could further bolster its position. From partnerships with major dApp developers to enhancements in cross-chain compatibility, these initiatives are poised to attract more users and increase NEAR’s utility and demand.
However, the path forward is not without its hurdles. As competition among blockchain platforms intensifies, Near will need to maintain its innovative edge and continue delivering on its promises. The crypto community will be watching closely to see if Near can sustain its current trajectory and capitalize on its recent achievements.
As we navigate through 2025, the dynamics of the crypto market remain as unpredictable as ever. Near Protocol’s recent success story is a testament to the ever-changing nature of this digital frontier. While the future is uncertain, one thing is clear: Near Protocol has firmly established itself as a contender to watch. Whether it can maintain its upward momentum and redefine its valuation is a narrative that will unfold in the coming months. Stay tuned.
Source
This article is based on: Near Protocol Flips Solana: Why NEAR Token May Be Undervalued
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
