NEAR Protocol bull case: modular DA, chain abstraction and AI
Thread549 words
Bullish call$NEAR−20%since this piece, moved against the callHow it played out ↓Bull case for NEAR as a narrative-agnostic leader: 100M accounts, six mainnet shards, the cheapest DA on the market, a fast finality layer on EigenLayer with $500M restaked, and Chain Signatures for chain abstraction. Argues NEAR complements Ethereum rather than competes.
Key claims
NEAR passed 100M accounts in early March 2024
The fast finality AVS on EigenLayer already has $500M in restaked ETH committed
NEAR DA is currently the cheapest DA solution on the market
🎯 Near Protocol Bull Case Summary 🎯
One of my main bets this cycle is @NEARProtocol.
In the last two months, the bull case clearly took shape.
Now the opportunity for you to position yourself has arrived and I give you the alpha summary you need. t.co/z3MwcTdLez
1/ @NEARProtocol is a leader across multiple verticals.
It is a key player in the modular space and has positioned itself strongly within the AI narrative.
Combined with its disruptive UX innovation & a thriving ecosystem of users and applications, $NEAR is uniquely positioned.
March was the month in which @ilblackdragon REALLY put @NEARProtocol on the map in the AI space.
It is also the month he got touched by the founder of @nvidia.
x.com/NEARProtocol/status/1772494712525426865
2/ April was no worse as @ilblackdragon continued to be touched by strangers.
This time, @VitalikButerin had the pleasure.
x.com/NEARProtocol/status/1775002895211212920
3/ So what is all of this about?
Maybe, they were congratulating him on 100m accounts on @NEARProtocol, a milestone that has already been reached in early March.
Unlikely, but possible.
x.com/NEARProtocol/status/1764676170409263443
4/ Maybe, it was about @NEARProtocol successfully launching shard number 5 on mainnet, continuing on its path towards scalability.
x.com/NEARProtocol/status/1768010009797906566
5/ Oh wait, it's actually 6 already.
x.com/NEARProtocol/status/1770961781466251298
6/ But seriously, no wonder that @VitalikButerin and @ilblackdragon are buddies.
Because while few understand, @NEARProtocol actually isn't a competitor to Ethereum.
It's a compliment and provides key modular infra to rollups in the Ethereum ecosystem.
x.com/zerokn0wledge_/status/1767758763984109787
7/ The @NEARProtocol fast finality layer that will be implemented as an AVS on @eigencloud, already has $500M in restaked $ETH committed to ensure crypto-economic security.
x.com/NEARProtocol/status/1779754727741231271
8/ NEAR DA on the other hand is currently the cheapest DA solution on the market.
x.com/zerokn0wledge_/status/1771220416616706558
9/ As the number of integrations increases (for example with @nodekitorg), the adoption will likely grow fast as rollup stacks, RaaS providers and modular infra such as shared sequencing and composability layers abstract complexity in building rollups.
x.com/nodekitorg/status/1783843481611354275
10/ @reflexivityres has also written a great summary around these developments, especially focusing on Near DA.
x.com/reflexivityres/status/1778039023337947376
11/ But the @NEARProtocol vision doesn't end here.
Modularity will give rise to an entire ecosystem of vertical- and app-specific, modular execution layers.
This fragments liquidity and users across ecosystems.
Chain Abstraction fixes this.
x.com/zerokn0wledge_/status/1758131794925543725
12/ A key concept to enable Chain Abstraction and unify the UX across a fragmented multichain backend is Chain Signatures.
x.com/NEARProtocol/status/1772809530671329780
13/ If you want to learn more about Chain Signatures, check my deep dive below!
x.com/zerokn0wledge_/status/1773603479954784364
14/ As if all of this is not enough, @NEARProtocol has also bolstered ecosystem infra with the launch of its Infrastructure Committee, funded with $4M.
x.com/NEARProtocol/status/1777667063856713926
15/ This is evidence of another important bull case argument.
The @NEARFoundation has a full war chest and has billions in $$$ at disposal to drive ecosystem growth.
x.com/hmalviya9/status/1784565675119591563?s=46
16/ Conclusion?
You are not bullish enough anon.
$NEAR is a narrative-agnostic giant, a leader in the modular space and building out an end-to-end vision ranging from base layer infra to a unified UX layer.
Will be a leader of the action in this bull market imo.
That's a wrap! I hope you've found this thread helpful! 🫡
Make sure to follow me @zerokn0wledge_ to stay ahead of the curve on the Near ecosystem.
Like/Repost of the below post is also highly appreciated! 🙏👇
3 images on X
How the call played out · since 03 May 2024
Prices as of 23 Oct 2026This piece takes a view on $NEAR, so that move is read against the call.
Cheap DA, an EigenLayer fast finality layer and chain signatures make NEAR a narrative-agnostic leader that complements Ethereum rather than competing.
−20%
Moved against the call · over 2.5 years
- At publication
- $6.09
- Now
- $4.89
- vs BTC
- −42%
- After 1 month
- +21%
- After 3 months
- −18%
- After 1 year
- −59%
- High since
- +36% 21 May 2024
- Low since
- −84% 12 Feb 2026
Since then
Zero has written 46 more pieces on NEAR Protocol and $NEAR since this one.
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- New vs returning wallets across Ethereum, Solana, NEAR, Polygon and SuiCovers $NEAR
- NEAR DCML explained: confidential, verifiable and monetizable AI via TEEsCovers $NEAR
Daily closes in USD from DefiLlama and Yahoo Finance. Only a bullish or bearish call in a thesis or market take is tracked; explainers, lists, maps and mentions are neutral context. Not financial advice.