The price of NEAR, the token of a layer 1 blockchain, increased by 5.7% to $1.73 before giving back those gains, according to reports. The token's price movement occurred on moderately elevated volume. However, the report notes that NEAR underperformed key benchmarks, which raises questions about the sustainability of the token's upward price movement. The report does not specify which benchmarks were used for comparison.

The price of NEAR, the token of a layer 1 blockchain, increased by 5.7% to $1.73 before giving back those gains, according to reports. The token's price movement occurred on moderately elevated volume. However, the report notes that NEAR underperformed key benchmarks, which raises questions about the sustainability of the token's upward price movement. The report does not specify which benchmarks were used for comparison.