AI Coin Rally: Why Is Render (RNDR), NEAR Protocol Price Up 12-15% In A Day?

Key Insights:

• RNDR and NEAR crypto lead the AI coin rally amid growing market demand.
• On-chain activity for Render saw a major breakout, with daily active addresses and new wallet creation hitting 12-week high.
• Artificial Superintelligence Alliance (FET), Bittensor (TAO), and Internet Computer (ICP) also gained momentum.

AI coins rallied sharply as traders rotated back into artificial intelligence-linked crypto assets. Render (RNDR) and Near Protocol (NEAR) led the sector, each gaining between 13% and 15% over the past 24 hours. The broader AI crypto segment also strengthened, with Artificial Superintelligence Alliance (FET), Bittensor (TAO), and Internet Computer (ICP) posting notable gains.

The rally followed renewed interest in decentralized AI infrastructure and GPU computing demand. Growing activity across AI-focused blockchain networks also supported momentum.

RNDR Price Jumps as On-Chain Activity Breaks Out

RNDR, the native token of the Render Protocol, is up 15% in the last 24 hours moving past $2.30. The Render token’s market has surged to $1.2 billion, with daily trading volume surging by more than 200% to $206 million. Strong on-chain activity is reportedly the key driver behind this upside.

Blockchain analytics firm Santiment reported a strong rise in on-chain activity for Render during late May. This is the first time in four months that the RNDR price is trading above $2.25.

According to the analytics firm, daily active addresses on the Render network surged to 394 within a single day, while 118 new wallets were created, both marking their highest levels in approximately 12 weeks.

Render on-chain activity breakout | Source: Santiment

As per Santiment, these metrics highlight rising user participation and ecosystem growth. The report added that much of Render’s momentum throughout 2026 has been driven by growing demand for AI infrastructure and decentralized GPU computing services.

Moreover, the Render Protocol has positioned itself as a decentralized GPU network supporting AI training, machine learning workloads, etc. On the weekly chart, RNDR price is now up by 25%.

NEAR Protocol Joins The AI Crypto Party

Along with Render, the NEAR Protocol (NEAR) price has also surged by 15%, and is currently trading at $2.75 with a market cap of $3.5 billion. The daily trading volume is up 67% to $1.18 billion.

Last week, the protocol announced the launch of confidential payments on the platform. The NEAR price rally comes amid growing traction for NEAR Protocol’s NEAR Intents, which is the network’s cross-chain infrastructure.

The system allows users to specify a desired outcome, such as swapping USDC on Ethereum for SOL on Solana. On the other hand, the third-party solvers handle the transaction execution in the background.

Source: DefiLlama

According to data from DefiLlama, NEAR Intents has processed more than $19 billion in cumulative transaction volume and generated approximately $32 million in fees. The strong growth has renewed market attention toward the protocol after months of relatively muted price action.

Over the past month, NEAR’s price has nearly doubled. This rally has drawn the attention of investors, retail and institutions alike.

AI Coins Continue Outperforming

The broader AI crypto sector continued outperforming much of the market. CoinGecko data showed TAO, ICP, and FET gaining between 10% and 25% during the past week.

FET token breakout | Source: Javon Marks

Analyst Javon Marks said FET continued showing bullish technical signals. According to Marks, the token formed a bullish divergence and broke out from a falling wedge structure.

The analyst stated that the current setup could support additional upside if momentum remains intact.

The latest gains across AI-focused cryptocurrencies reflected growing market interest in decentralized compute infrastructure, automation tools, and blockchain-based AI applications.

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