Messari: NEAR TVL in Q1 2024 is $335 million, up 163% from the previous quarter

Golden Finance reported that Messari released NEAR's Q1 2024 status report. NEAR's TVL in the first quarter was $335 million, up 163% from the previous quarter and 547% from the previous six months. The number of daily active addresses was 1.2 million, up 42% from the previous quarter and 377% from the previous six months. NEAR's stablecoin market value increased by 176% month-on-month to $214 million. USDT increased by 1,155% month-on-month to $88 million, while USDC increased by 189% month-on-month to $85 million. The NEAR Foundation announced its Chain Abstraction strategy to simplify user interactions across chains. It leverages three core technologies: NEAR accounts, chain signatures, and intent relayers.