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NEAR Protocol Q1 2025: $3B Cap, Dev Decline & DEX Surge, Full Breakdown
- NEAR Protocol's market cap plummeted by 47.4% in Q1 2025, closing at $3 billion.
- Developer activity on NEAR declined sharply, with core developers down 27.7%.
- Despite DeFi TVL drop, DEX trading volume doubled, driven by Rhea Finance.
- NEAR faced challenges in Q1 2025 with market cap decline, developer activity reduction, but saw a surge in DEX trading volume led by Rhea Finance.
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