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Cryptocurrency News Articles

In the intricate game of blockchain innovation, NEAR Protocol is advancing boldly but silently. Imagine a world where performance spikes overnight.

Apr 26, 2025 at 03:31 pm

This realm became a reality for NEAR when it rolled out the second phase of its much-anticipated sharding upgrade, dubbed “Nightshade Phase 2.”

In the intricate game of blockchain innovation, NEAR Protocol is advancing boldly but silently. Imagine a world where performance spikes overnight.

In the intricate game of blockchain innovation, some move boldly but silently, preferring strategy over flash. Such is the case with NEAR Protocol, which has been steadily advancing in its technological prowess and strategic alliances.

Recently, NEAR completed the second phase of its sharding upgrade, known as “Nightshade Phase 2.” Almost as if whispering success into the digital ether, NEAR's transaction rate soared to over three million daily.

This incredible feat positions NEAR as one of the most scalable Layer 1 blockchains globally, outmaneuvering rivals with finesse. As if to further cement its economic attractiveness, NEAR also saw a reduction in gas fees, rendering it an even more cost-effective platform for developers and users.

Adding another layer of interest, the partnership between NEAR and Alibaba Cloud unlocks a door to the vast and untapped Asian market. With robust support for blockchain applications, this partnership bodes well for a surge in on-chain activity and new avenues of innovation.

Meanwhile, the NEAR token has been quietly climbing the ranks, currently trading around $5.08—a 60% increase since March. On-chain activity also saw a rise in smart contracts and bridge activities, notably between NEAR and Ethereum, signaling confidence in the protocol's future promise.

The protocol's strategy of eschewing flashy headlines in favor of impactful moves is evident. The Alibaba collaboration, for instance, is a strategic chess move that has the potential to inundate its ecosystem with new developers, a flurry of decentralized applications, and a torrent of transactions.

While others might be shouting from the rooftops, NEAR is letting its actions echo through the corridors of the blockchain world—quietly building a foundation of enduring significance. For enthusiasts and investors alike, NEAR may just be the dark horse poised to redefine digital interactions in more ways than one.

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Other articles published on Apr 26, 2025