NEAR Surges on Jio Perpetuals Launch and U.S. Derivatives Expansion
NEAR Protocol's price rises amid new perpetual contracts linked to Jio Platforms and expanded U.S. derivatives access.
NEAR Protocol's price rises amid new perpetual contracts linked to Jio Platforms and expanded U.S. derivatives access. NEAR Protocol (NEAR) is trading at $4.65, down 1.7% since this brief published. This is an original TLT brief based on reporting by CoinJournal, with live market data added, as of Wed, 28 Oct 2026 11:45:02 UTC.
The introduction of NEAR Intents' confidential perpetual contracts tied to Jio Platforms and the expansion of U.S. derivatives access through regulated platforms like Crypto.com could attract more institutional and retail investors, potentially boosting liquidity and market interest in NEAR.
- NEAR price rises 6.96% in 24 hours after Jio perpetuals launch.
- Crypto.com and OG.com enable U.S. traders to access perpetual crypto derivatives.
- Bitwise's NEAR ETF sees $4.84M outflows following $1.40M inflows.
- NEAR TVL drops 11% to $132.4M over the past week.
NEAR Protocol's price rose on Wednesday, building on a 6% recovery from the previous day, following the launch of NEAR Intents' confidential perpetual contracts linked to Jio Platforms. This development comes as perpetual derivatives gain traction, with platforms like Crypto.com and OG.com opening access to U.S. traders, offering contracts with up to five times leverage through federally regulated structures.
The introduction of these perpetual contracts could enhance NEAR's appeal to both retail and institutional investors by providing new avenues for trading and hedging. The perpetual nature of these contracts, which do not expire, allows for continuous trading and potentially greater market liquidity.
Despite the positive price movement, Bitwise's NEAR-focused ETF experienced outflows of $4.84 million on Tuesday, following $1.40 million in inflows the day before. This suggests some investors may be taking profits or reallocating assets in response to recent market developments.
NEAR's Total Value Locked (TVL) currently stands at $132.4 million, marking an 11% decrease over the past week, according to DeFiLlama. This decline in TVL indicates a potential shift in investor sentiment or capital allocation within the NEAR ecosystem.
The broader crypto market is experiencing a bullish trend, with the total market cap reaching $2.8 trillion and 
Bitcoin up 2.36% in the last 24 hours. The Fear & Greed Index stands at 51, indicating a neutral market sentiment. NEAR's price has risen to $4.73, reflecting a 6.96% increase in the last day but a 9.49% decrease over the past week.
Since this brief published about 3 hours ago, NEAR Protocol (NEAR) has moved from $4.73 to $4.65 — -1.69%.
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 ≈ ₦6,443.62 (about $4.65), up 3.8% over 24 hours. The naira itself trades about 2.4% 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 28, 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 Surges on Jio Perpetuals Launch and U.S. Derivatives Ex — questions & answers
What are perpetual contracts?
Perpetual contracts are derivative products that allow traders to speculate on the price of an asset without an expiration date, enabling continuous trading.
How does the Jio Platforms partnership affect NEAR?
The partnership introduces new perpetual contracts tied to Jio Platforms, potentially increasing NEAR's market exposure and attracting more traders.
What is the current state of NEAR's TVL?
NEAR's TVL is $132.4 million, down 11% over the past week, indicating a possible shift in investor sentiment or capital allocation.
How much is 1 NEAR Protocol worth in naira today?
About ₦6,443.62 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $4.65. 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 1.69% since this brief first published — trading at $4.65 now versus $4.73 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 CoinJournal. 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.