NEAR Token Has Doubled in 4 Weeks, Here’s Why

“They will offer an extremely attractive ~20% APR [annual percentage rate], which will ignite DeFi capital rotation into the Near ecosystem, siphoning the total value locked from other alternative layer-one protocols,” Kole said in a Substack post. “This will lead to a comparison of Near to Terra (LUNA) as the narrative for attractive stablecoin yields proliferates.”