NEAR Protocol Expands MPC Network with 17 New Operators Amid Price Rally
NEAR Protocol has activated 17 new mainnet MPC operators, strengthening its infrastructure while traders eye a potential price breakout above $8.
NEAR Protocol has activated 17 new mainnet MPC operators, strengthening its infrastructure while traders eye a potential price breakout above $8. NEAR Protocol (NEAR) is trading at $5.07, down 0.8% since this brief published. This is an original TLT brief based on reporting by TronWeekly, with live market data added, as of Fri, 16 Oct 2026 23:45:03 UTC.
The expansion of NEAR's MPC network enhances the protocol's decentralization and security, which could bolster confidence and usage in its ecosystem. This development comes as NEAR's price shows strength, indicating potential investor optimism about its technical advancements.
- NEAR activated 17 new mainnet MPC operators through HSP-007 funding
- NEAR TVL rose 6.3% to $141.88M over the past week
- Traders are watching $6.00 resistance and $7.50-$8.00 as potential targets
- NEAR price is currently at $5.11, up 4.67% over the past week
- NEAR Protocol's Network Growth Sparks Price Analysis Amid Market Downturn
- NEAR Protocol Expands MPC Network with 17 New Operators Amid Price Rally — this brief
NEAR Protocol has expanded its mainnet Multi-Party Computation (MPC) network by activating 17 new operators, as part of the ongoing HSP-007 funding program. This move is designed to enhance the network's infrastructure, particularly for Chain Signatures and NEAR Intents, which are critical components for the protocol's scalability and security.
The activation of these operators comes as NEAR's Total Value Locked (TVL) has increased by 6.3% over the past week, reaching $141.88 million, according to DeFiLlama. This growth in TVL suggests increasing adoption and usage of NEAR's decentralized finance (DeFi) applications.
Meanwhile, traders are closely watching NEAR's price action, with key resistance levels identified at $6.00. Analyst Cyriptoman4 has pointed to a potential upside target range of $7.50-$8.00 if the price breaks through this resistance. Currently, NEAR is trading at $5.11, having gained 4.67% over the past week.
The broader crypto market remains relatively stable, with the total market cap at $2.81 trillion. 
Bitcoin, the leading cryptocurrency, is down 0.66% in the last 24 hours, while the overall market sentiment, as measured by the Fear & Greed Index, stands at 63, indicating 'Greed'.
The expansion of NEAR's MPC network and the increase in TVL suggest a positive outlook for the protocol's ecosystem. However, the key for traders will be whether NEAR can break through the $6.00 resistance level to reach the analyst's target range.
Since this brief published about 46 minutes ago, NEAR Protocol (NEAR) has moved from $5.11 to $5.07 — -0.78%.
The chart plots NEAR's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution; intraday detail builds over the first day). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 NEAR ≈ ₦6,900.5 (about $5.07), down 3.5% over 24 hours. The naira itself trades about 2.2% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 16, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
NEAR Protocol Expands MPC Network with 17 New Operators Amid — questions & answers
What is the significance of activating 17 new MPC operators?
It enhances NEAR's network security and decentralization, supporting critical infrastructure like Chain Signatures and NEAR Intents.
How has NEAR's TVL changed recently?
NEAR's TVL increased by 6.3% over the past week to $141.88 million.
What price levels are traders watching for NEAR?
Traders are watching $6.00 as a key resistance level and $7.50-$8.00 as potential upside targets.
How much is 1 NEAR Protocol worth in naira today?
About ₦6,900.5 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $5.07. The naira price moves with both NEAR's US-dollar price and the USDT/NGN rate; use our NEAR Protocol in naira page for any amount.
Has NEAR Protocol's price moved since this brief was published?
NEAR is down 0.78% since this brief first published — trading at $5.07 now versus $5.11 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from TronWeekly. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.