Near Protocol (NEAR) Approaches Major $190 Million TVL Milestone

With one of $NEAR's biggest price rallies in months and the total value locked throughout its ecosystem approaching $190 million, $NEAR Protocol is getting close to a significant DeFi milestone. According to data provided by DeFiLlama, $NEAR's TVL is roughly $187.

The market picture finally stabilizes

25 million, meaning the network is less than $3 million short of the $190 million mark. TVL is down 4.92% over the most recent 24-hour period, but the overall graph indicates a significant recovery from the lows set earlier in 2026. Beyond TVL, the ecosystem is also producing significant activity.

According to the provided data, there are 52,391 active addresses and a 24-hour decentralized exchange volume of about $84.19 million. The market value of stablecoins is roughly $79.86 million. In contrast to $48,646 in app fees, app revenue over a 24-hour period was $64,657.

Because $NEAR has experienced a massive repricing, the timing is crucial. After an almost vertical breakout from the $2.30–$2.50 range, $NEAR is currently trading at about $3.60. Before experiencing profit-taking, the token momentarily reached its highest level on the displayed chart, roughly $3.90. The rally has coincided with a significant increase in trading volume, which is noteworthy.

With significant momentum, $NEAR broke through its prior May–June highs around $2.80–$3.00, transforming what had been significant resistance into the first crucial support area. However, short-term overheating is evident. While the rejection around $3.80–$3.90 shows that sellers are emerging following the quick advance, the RSI has reached elevated territory.

Trend changes in waves

Additionally, $NEAR is still well above its major moving averages, which raises the likelihood of further volatility or consolidation. Right now, the first significant support is located between $3.40 and $3.50. The major breakout zone, which is located between $2.80 and $3.00, comes after $3.10–$3.20.

Bulls, on the other hand, must reclaim the $3.80–$3.90 range before they can challenge the psychological $4.00 level. The impending TVL milestone of $190 million adds a crucial element to $NEAR's recent growth.

It is not appropriate to treat price and TVL as directly equivalent because price has changed much more quickly than TVL. However, the rally has an ecosystem-level backdrop — due to growing locked capital and significant DEX activity — rather than relying solely on speculative price momentum.