NEAR Protocol Approaches 5.4 Billion Transaction Milestone Amid Technical Bullish Outlook

TLDR:

• NEAR Protocol has processed 5.36B transactions since its 2020 mainnet launch, nearing the 5.4B milestone.
• The network supports 397 active validators and a peak throughput of 4,135 TPS across 100 blocks.
• Analysts identify $9 as NEAR’s first major resistance, with trapped holders likely to sell at that level.
• A confirmed break above $9 could open a relatively clear technical path toward NEAR’s $20-plus ATH zone.

NEAR Protocol is closing in on a major network milestone, with transaction data pointing to steady blockchain activity.

On-chain figures from Chainspect show the layer-1 network has processed approximately 5.36 billion transactions since its 2020 launch.

The network currently supports 397 active validators and records a maximum throughput of 4,135 transactions per second.

Meanwhile, technical analysts are drawing attention to NEAR’s price structure, which mirrors patterns seen before previous bull runs.

Network Activity Reflects Growing On-Chain Demand

The approaching 5.4 billion transaction mark puts NEAR Protocol among the more active layer-1 blockchains in the current market cycle.

BSC News reported the milestone figures citing Chainspect data, noting validator count and peak TPS alongside the transaction total.

These metrics collectively reflect a network that has maintained consistent usage since its mainnet debut six years ago.

The validator count of 397 points to a reasonably distributed consensus layer. A broad validator set generally reduces centralization risk and strengthens network reliability over time. For a proof-of-stake chain, this number carries weight when evaluating long-term infrastructure credibility.

The 4,135 maximum TPS figure, measured across 100 blocks, positions NEAR among faster layer-1 networks in the space.

High throughput capacity is a key requirement for applications handling large transaction volumes, including DeFi protocols and gaming platforms. This capacity matters as developers evaluate which base layers can handle real-world scale.

Transaction volume alone does not determine a network’s value, but it does serve as one baseline signal of ecosystem usage.

As NEAR edges closer to 5.4 billion processed transactions, the milestone adds a concrete data point to ongoing conversations about the network’s adoption trajectory.

Price Structure Points to Key Resistance Levels Ahead

On the technical side, analyst Flippix outlined a market structure on X that has drawn attention from traders watching NEAR’s price action.

According to the post, NEAR at approximately $2.23 has already reclaimed a price zone where major rallies historically originated.

The analyst identified two critical resistance levels: $9 as the first major test and $20-plus as the all-time high zone.

Flippix noted that NEAR is not recovering from mid-range territory but rather from a historically significant demand zone where buyers previously stepped in with force.

This distinction matters to technical traders who track entry zones tied to prior cycle behavior. The positioning suggests a different recovery dynamic compared to assets bouncing from weaker support areas.

The $9 level carries particular significance because that zone marked where the previous cycle lost upward momentum.

Trapped holders from that period may look to exit around that price, creating natural selling pressure. A clean break above $9 would remove a key overhead obstacle and shift market sentiment considerably.

Above that level, the analyst noted relatively thin resistance stretching toward the $20-plus ATH region. If NEAR can confirm the multi-year downtrend reversal and clear $9, the technical path toward previous highs becomes more straightforward.

That outcome, however, remains contingent on broader market conditions and sustained buying pressure at current levels.

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