In an October 7 report, Bitwise CIO Matt Hougan noted that $NEAR rose 198% in Q3.

Here’s some jaw dropping context: Bitcoin [BTC] gained 43% over the same quarter. Ethereum [ETH] gained 71%. $NEAR beat both by a huge mile.

Most small coins in Hougan’s view, are long shots that end badly. $NEAR is one of the few he’s comfortable recommending, because it has an established business that’s already working.

That business is $NEAR Intents.

Monthly trading volume for the same was $4.80 billion in September. A year earlier, it was under $500 million.

The previous peak was $3.65 billion in November last year.

Co-founder Illia Polosukhin has a vision in place too.

He says people need CEXs for fewer things every year….