Nick Garcia, a researcher at Messari, wrote on the X platform that NEAR Protocol is one of the biggest winners in the first quarter of 2024. NEAR's TVL in the first quarter was $335 million, up 163% from the previous quarter and 547% from the previous six months. The number of daily active addresses was 1.2 million, up 42% from the previous quarter and 377% from the previous six months. NEAR's stablecoin market value increased by 176% from the previous quarter to $214 million. The total number of NEAR accounts exceeded 100 million.