Let's talk about a very old project. Recently, there is a data point that stands out and needs attention - #NEAR

NEAR Protocol is a layer one blockchain based on sharding and PoS, aimed at incentivizing computer networks to run a platform for developers to create and launch decentralized applications. The core design of NEAR Protocol is sharding, a process designed to divide the infrastructure of the network into multiple parts so that nodes only need to handle a small portion of the network transactions. The NEAR mainnet was launched in August 2020. In simple terms, it is an infrastructure-level L1 chain, and sharding technology was quite innovative at that time.

Looking at the investors, there are numerous top VCs involved, such as A16Z and Tiger. Public data shows that this project has raised $500 million, which is known to be a well-known star project even in today's context.

According to DefiLlama data, the current on-chain TVL is 207 million, which may not look great for a project that has been developing for several years. However, it has not disappeared and still has so much funding supporting it, which is not bad at all.

In terms of valuation, the current price of #NEAR is 4.19, with a market cap of 5.1 billion, fully unlocked. The market has been good these past two days, but NEAR's price performance has been tepid, which is a common issue for long-established coins that need new narratives and opportunities.

Here comes the key point: recently, the implied volatility (IV) in the options market for this asset has skyrocketed to over 100, comparable to ORDI and DOGE, making it very worthy of attention. For those who understand options, isn't it a disservice to your pocket not to do something? I've heard that some people have been using options strategies to profit off ORDI and DOGE, so it might be worth considering doing the same with NEAR!

Old coins carry risks; profits are for the taking, and losses are to be borne. #DYOR