NEAR Protocol’s native token is trading near a key technical support level between $1.25 and $1.22, down nearly 9% over the past week. Analyst Michaël van de Poppe has described the asset as “extremely undervalued,” citing its fully circulating supply and lower valuation multiples compared to competitors like Solana and Ethereum. Despite the price decline, network activity shows growth, with NEAR Intents surpassing $17 billion in total volume and protocol revenue projecting a significant annual increase.
The NEAR Protocol token is approaching a crucial support zone between $1.25 and $1.22, a level traders watch for potential price stabilization or further decline. On May 2, the token was valued at $1.29.
Crypto analyst Michaël van de Poppe recently stated “$NEAR is extremely undervalued.” He highlighted the token’s fully circulating supply and its positioning at the intersection of artificial intelligence and blockchain.
Financially, the protocol generated approximately $15.6 million in revenue during the first four months of 2026. This projects annual revenue between $40 million and $60 million, a notable increase from pre-2026 levels.
Network activity continues to expand despite market weakness. The NEAR Protocol team mentioned that its NEAR Intents infrastructure has crossed $17 billion in all-time volume and 23 million total swaps.
Recent developments include the launch of Tether Gold on the intents platform and upgrades to the IronClaw AI agent platform. These advancements point to growing ecosystem engagement across DeFi and enterprise use cases.
