NEAR Protocol's token surged 15% to approximately $2.80, continuing a month-long rally that has doubled its value. This rise is attributed to increased activity in NEAR Intents, the network's cross-chain transaction layer, which has processed over $19 billion in volume and generated $32 million in fees. The feature allows users to request outcomes like swapping tokens across chains, with third-party solvers executing the transactions. The rally has garnered attention from traders and institutions, with BitMEX co-founder Arthur Hayes highlighting NEAR as part of a "holy trinity" of promising cryptocurrencies. Institutional interest is evident as the Bitwise NEAR Staking ETP in Europe has reached $40 million in assets, following significant inflows. Additionally, a June upgrade introducing dynamic resharding aims to enhance scalability, potentially boosting NEAR's capacity for cross-chain and application workloads.