Coindesk analyzed that NEAR Protocol (NEAR) is showing an upward trend due to the success of its cross-chain transaction system, NEAR Intents. The media explained, "NEAR Intents is a feature that allows cryptocurrencies on the Ethereum (ETH) network to be swapped for cryptocurrencies on other chains, generating a cumulative transaction volume of $19 billion and $32 million in fees. Additionally, institutional demand is also increasing, with the assets under management of the Bitwise NEAR Staking ETP listed in Europe growing to approximately $40 million. Investors are paying attention to the introduction of dynamic resharding, an update in June that improves scalability."
