NEAR Expands Liquidity to Solana via Sunrise
- NEAR Protocol has expanded to Solana, making its token available on platforms like Jupiter and Raydium.
- The expansion is powered by Near Intents, facilitating cross-chain movement into Solana.
- Following the announcement, NEAR’s price increased by approximately 14%, trading between $5.24 and $5.30.
- Mert Mumtaz, CEO of Helius, joined the Near Foundation Council to aid in product strategy and ecosystem development.
The integration of NEAR into Solana’s ecosystem aims to enhance liquidity access across decentralized exchanges and wallets without requiring separate bridging systems. This move is part of a broader strategy to make cross-chain liquidity a core product for NEAR Protocol.
The strategic partnership with Sunrise allows NEAR to tap into Solana’s existing deep liquidity infrastructure, potentially widening its trading base and improving distribution within the Market. (Source)
