NEAR Intents Crosses $31B in Cumulative Volume as Token Price Rallies
NEAR Protocol's cross-chain execution layer has surpassed $31.4 billion in all-time volume, supported by record daily trading activity and a 78% surge in the NEAR token price.
NEAR Intents, the cross-chain execution system for NEAR Protocol, has officially cleared $31.4 billion in cumulative all-time volume. The milestone marks a significant uptick for the platform, which utilizes a network of solvers to execute swaps across more than 30 chains and 100 assets without the need for traditional bridges or wrapped tokens.
The surge in volume was highlighted by a record-breaking performance on September 18, when daily volume topped $300 million. This activity contributed to a strong weekly period where volume consistently held between $842 million and $1.04 billion.
Data from Dune Analytics shows that public intents account for the majority of the platform's activity, totaling approximately $29.5 billion. Confidential intents, which allow users to execute trades without broadcasting order details on-chain, contributed nearly $1.9 billion to the total.
Public intents have generated over $48 million in cumulative fees, a figure that does not include additional fees from confidential transactions. Privacy-focused activity has become a notable driver for the platform, with Zcash swaps routed through the ZODL wallet recently generating $3.8 million in volume across 458 transactions.
The market responded to the increased network activity as the NEAR token price climbed roughly 78% over the course of a week, reaching approximately $4.29. The price action coincided with the platform hitting its highest-ever daily volume figures.
