SVRN Acquires FastNEAR to Strengthen NEAR Protocol Infrastructure
SVRN has acquired FastNEAR, integrating key NEAR data services into its operations.
SVRN has acquired FastNEAR, integrating key NEAR data services into its operations. NEAR Protocol (NEAR) is trading at $5.66, down 1.4% since this brief published. This is an original Token Times brief based on reporting by Crypto Daily, with live market data added, as of Sun, 11 Oct 2026 20:30:01 UTC.
This acquisition enhances SVRN's capabilities in NEAR Protocol's ecosystem, potentially improving data access and infrastructure reliability for developers and users. It also reflects growing consolidation in the blockchain data services sector.
- SVRN acquires FastNEAR, a provider of NEAR RPC and data services.
- NEAR's Total Value Locked rises 6.9% to $151.04M over the past week.
- NEAR price jumps 7.82% in 24 hours, reaching $5.74.
SVRN has announced the acquisition of FastNEAR, a provider of critical infrastructure services for the 
NEAR Protocol ecosystem. The acquisition makes FastNEAR a wholly owned subsidiary of SVRN, integrating its RPC, archival, and data services into SVRN's operations.
This development comes as the NEAR Protocol ecosystem shows signs of growth, with the Total Value Locked (TVL) increasing by 6.9% over the past week to $151.04 million, according to DeFiLlama. The acquisition could further support this growth by enhancing the reliability and accessibility of NEAR's data infrastructure.
The news aligns with a broader trend of consolidation in the blockchain data services sector. As the demand for reliable and efficient blockchain data access grows, companies like SVRN are seeking to strengthen their positions by acquiring specialized service providers.
In the market, NEAR Protocol's native token NEAR has seen a significant price increase, rising 7.82% in the past 24 hours to reach $5.74. This price movement suggests that investors may be optimistic about the potential impact of the acquisition on the NEAR ecosystem.
The broader cryptocurrency market remains relatively stable, with the total market cap at $2.9 trillion. 
Bitcoin has also shown a modest gain of 0.79% in the past 24 hours, while the Fear & Greed Index stands at 61, indicating a 'Greed' sentiment among investors.
Since this brief published about 2 hours ago, NEAR Protocol (NEAR) has moved from $5.74 to $5.66 — -1.39%.
The chart plots NEAR's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 NEAR ≈ ₹590.03 (about $5.66), up 6.0% over 24 hours. The rupee itself trades about 7.7% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 11, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
SVRN Acquires FastNEAR to Strengthen NEAR Protocol Infrastru — questions & answers
What services does FastNEAR provide?
FastNEAR offers NEAR RPC, archival, and data services.
How has the NEAR Protocol's TVL changed recently?
NEAR's TVL increased by 6.9% over the past week to $151.04 million.
What is the current price of NEAR?
NEAR is currently priced at $5.74, having risen 7.82% in the past 24 hours.
How much is 1 NEAR Protocol worth in rupee today?
About ₹590.03 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $5.66. The rupee price moves with both NEAR's US-dollar price and the USDT/INR rate; use our NEAR Protocol in rupee page for any amount.
Has NEAR Protocol's price moved since this brief was published?
NEAR is down 1.39% since this brief first published — trading at $5.66 now versus $5.74 at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto Daily. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.