Near Protocol price

gNear 2M+ users invited to $NPRO pre-staking within hours of launch @NEARProtocol Mobile distributing 6M NPRO over 5 years 500K upfront in first 3 months creating immediate lock-up demand 4.9K interactions in 9 hours "Just staked" replies flooding timeline from real users front-loaded incentives tightening NEAR validator supply this isn't just another token launch it's network security strengthening im betting on Q4 circulating supply compression amplifying price moves Sometimes the best catalysts hide in staking mechanics

1/ Recently, many people have mentioned @infinex. It is not just a simple DeFi wallet or exchange, but is trying to answer a key question: 👉 Will the next 100 million users continue to stay on CEX, or will they be caught by DeFi? 2/ Infinex's design philosophy is straightforward: UX is close to CEX: passkey replaces mnemonic phrases, biometric recovery lowers the barrier for newcomers. Self-custody security: funds remain on-chain, without relying on exchanges. This is what is called "CEX experience + DeFi security." The question is, how long can this balance beam last? 3/ The real breakthrough lies in the introduction of non-smart contract assets. With NEAR Intents + Chain Signatures, Infinex brings "island assets" like BTC / DOGE / XRP into DeFi. If this path is successfully validated, it means that tens of billions of dollars in off-chain liquidity may enter on-chain finance on a large scale for the first time. 4/ But cross-chain is not a new story. In the past few years, countless cross-chain bridges have been hacked, with losses exceeding $3 billion. Infinex chooses to reduce risk with a chain-level signature solution, but the risk does not disappear; it is transferred and repackaged. The question is: do users understand this risk transfer? 5/ On the funding side, Infinex has raised about $67.7M through Patron NFTs and allocated 377M Governance Points to early users. This is a form of "identity-backed financing" + "governance points," very Web3. But the key is: Will GP be converted into tradable governance tokens? Will the benefits of Patron NFTs be realized? Currently, the answers to both are pending. 6/ In terms of data, Infinex's TVL is approaching $444M. Over 90% is concentrated on Ethereum, indicating that: ETH is still the core scenario. Multi-chain support is more of an "added value" rather than the main battlefield. If ETH Gas surges again, whether Infinex's user experience advantage can hold up will be a stress test. 7/ From a macro perspective, Infinex's betting direction is: CEX users: those hurt by the FTX collapse, needing a sense of security but not wanting to deal with mnemonic phrases. BTC / DOGE holders: a large group that has not been absorbed by DeFi. If these two groups can be successfully attracted, Infinex will have a chance to become the "next entry point." 8/ Risks still exist: Security: Is the backup mechanism for passkey / biometrics transparent enough? Governance: If GP has no value-bearing capacity, users will be disappointed. Cross-chain: Historical shadows may reappear at any time. These are all points the market will question. 9/ In summary: Infinex is not just another DeFi wallet, but an "experiment" — seeking a third path between CEX experience and DeFi security. If successful, it will become a bridge for new users to enter Web3; if it fails, it may just be another collapsed cross-chain bridge. This is why it deserves continued attention.