NEAR Protocol Jumps 12.4% Over Weekend to Lead CoinDesk 20

The CoinDesk 20 is a broad digital asset index compiled by CoinDesk Indices. It covers 20 major crypto assets and serves as a trading benchmark across multiple regions and platforms worldwide. Unlike the performance of a single token, the index offers a broader view of market flows. The latest gains were nearly across the board, indicating that the rebound was not confined to a handful of large tokens.

CoinDesk Indices said on June 8, 2026, that the CoinDesk 20 stood at 1,715.91, up 107.11 points, or 6.7%, from 4 p.m. ET on June 5. Nineteen of the 20 assets traded higher. NEAR led with a 12.3% gain, followed by TAO at 12.0%. BCH fell 3.2%, while AVAX rose just 1.1%.

NEAR Protocol is a blockchain network designed to scale decentralized applications, with its native NEAR token used for transaction fees, staking and governance. Investor attention has increasingly focused on NEAR Intents, a cross-chain trading system that enables asset swaps across different networks. Its adoption is significant because it offers a gauge of real transaction demand within the broader NEAR ecosystem, beyond speculative activity in the token itself.

NEAR climbed more than 15% over the latest 24-hour period to $2.80, extending its gain over the past month to nearly 100%, according to recent reports. The rally came as cumulative trading volume processed by NEAR Intents surpassed $19 billion. Traders are also looking ahead to a network upgrade scheduled for June that is expected to introduce dynamic sharding, a scaling mechanism intended to allocate network capacity more efficiently as activity changes.

The CoinDesk 20 is a crypto-asset benchmark compiled by CoinDesk Indices. It tracks 20 major assets, including BTC, ETH, Near Protocol (NEAR) and Internet Computer (ICP). Its performance offers a gauge of broader market flows and the divergence between large-cap cryptocurrencies and other tokens.

All 20 constituents rose during a session in which the index gained 2.5% to 2,210.86. NEAR climbed 16% and ICP advanced 10.4%, both markedly outperforming BTC and ETH. A later CoinDesk update showed the index trading flat while NEAR extended its gain to 19.4%. The data did not specify an exact date or monetary amounts.