The report from research firm Messari highlights the performance of the NEAR protocol during Q3 2024. Despite a significant decrease in circulating market cap and a slight decline in token price, NEAR maintained its position as the 17th largest cryptocurrency. However, over the past three weeks, NEAR's market capitalization has increased by 54%. Revenue dropped by 30.13% due to a decline in transaction volume. NEAR experienced an increase in address activity but a concerning drop in developer engagement. NEAR's Total Value Locked (TVL) in decentralized finance (DeFi) saw a modest increase. The NEAR token has seen substantial gains in the short and long term, with a year-to-date surge of 266%.



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