NEAR Protocol Joins Bitwise Large-Cap Indexes in October Rebalance
Bitwise's October 30 rebalancing adds NEAR to several indexes, replacing UNI or AVAX in some benchmarks.
Bitwise's October 30 rebalancing adds NEAR to several indexes, replacing UNI or AVAX in some benchmarks. NEAR Protocol (NEAR) is trading at $4.11, down 0.7% since this brief published. This is an original TLT brief based on reporting by NewsBTC, with live market data added, as of Mon, 02 Nov 2026 10:30:06 UTC.
This inclusion could increase NEAR's visibility among institutional investors and potentially drive demand, though the direct price impact remains uncertain.
- NEAR Protocol enters Bitwise's large-cap indexes in the October 30 rebalance.
- NEAR replaces UNI or AVAX depending on the specific index.
- NEAR's market cap is $5.42B, while UNI and AVAX have $4.5B and $3.83B respectively.
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- NEAR Protocol Joins Bitwise Large-Cap Indexes in October Rebalance — this brief
Bitwise Asset Management has announced that 
NEAR Protocol (NEAR) will be added to several of its large-cap cryptocurrency indexes in the upcoming October 30 rebalance.
The inclusion of NEAR will result in the replacement of either 
Uniswap (UNI) or 
Avalanche (AVAX) in certain benchmarks, depending on the specific index composition.
According to NewsBTC, this move could increase NEAR's visibility among institutional investors, potentially driving demand for the token. However, the outlet also notes that index membership alone does not guarantee a direct price impact.
NEAR Protocol currently has a market capitalization of $5.42 billion, while Uniswap and Avalanche have market caps of $4.5 billion and $3.83 billion respectively. NEAR's total value locked (TVL) stands at $118.28 million, representing a 7-day decrease of 8.7%.
The broader cryptocurrency market remains relatively stable, with 
Bitcoin showing a modest 24-hour gain of 0.11% and the overall market cap at $2.69 trillion. The Fear & Greed Index currently sits at 37, indicating a 'Fear' sentiment among investors.
Since this brief published about 2 hours ago, NEAR Protocol (NEAR) has moved from $4.14 to $4.11 — -0.72%.
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). 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 ≈ ₦5,662.53 (about $4.11), down 6.9% 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 assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 2, 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 Joins Bitwise Large-Cap Indexes in October Reb — questions & answers
What is the significance of NEAR joining Bitwise indexes?
It could increase NEAR's exposure to institutional investors and potentially drive demand for the token.
Which coins will NEAR replace in Bitwise indexes?
NEAR will replace either Uniswap (UNI) or Avalanche (AVAX) depending on the specific index.
What is NEAR's current market position?
NEAR has a market cap of $5.42B, with a 24-hour price drop of 5.81% and a 7-day decline of 7.47%.
How much is 1 NEAR Protocol worth in naira today?
About ₦5,662.53 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $4.11. 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 0.72% since this brief first published — trading at $4.11 now versus $4.14 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 NewsBTC. 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.