NEAR Intents logs $130.7 million in daily swaps as NEAR token holds $5 range
In brief
- NEAR Intents logged $130.7 million in 24-hour swap volume, per a post cited by U.Today.
- Seven-day volume reached $859.9 million and 30-day volume $4.59 billion, according to the same post.
- Shielded transactions made up 9.4% of monthly volume, led by ZEC-to-BTC transfers, U.Today said.
- NEAR token traded at $4.97–$5.10 after a short-term dip to $4.62.
What the volume numbers show
The 24-hour figure doesn't stand alone. The NEAR Intents post cited by U.Today put the protocol's 7-day run rate at $859.9 million and its 30-day turnover at $4.59 billion. U.Today also reported that cumulative trading volume since launch has topped $35 billion.
They're the protocol's own figures, relayed by the outlet, and haven't been independently verified.
Shielded flows and the ZEC-to-BTC route
According to U.Today, protected (shielded) transactions accounted for 9.4% of NEAR Intents' total monthly volume, a flow it put at $91.9 million. The main direction of capital, the outlet said, was direct cross-chain transfers between Zcash (ZEC) and Bitcoin (BTC), with on-chain monitors recording large transactions that converted hundreds of thousands of dollars from shielded ZEC pools into BTC.
U.Today put the ecosystem's confidential total value locked at $151–$152 million.
ETF flows, MPC operators and post-quantum keys
The spot Bitwise NEAR ETF (NRR) recorded a daily net inflow of $2.61 million, bringing cumulative inflows to $83.05 million, U.Today reported. It said the fund's net assets under management reached $82.36 million (equal to 1.26% of NEAR's total market cap). Those numbers come from the report, not from Bitwise fund data.
The report also said NEAR's decentralized MPC computation system has expanded to 17 independent operators.
Then there's security. U.Today reported that NEAR co-founder Illia Polosukhin confirmed users can migrate their NEAR account keys to the post-quantum ML-DSA standard. According to the outlet, NEAR's architecture lets security standards be updated within the wallet without affecting funds or requiring third-party bridges, which means account holders wouldn't have to move assets to make the switch.
Frequently asked questions
What is NEAR Intents and how much volume has it processed?
NEAR Intents is a cross-chain swap protocol. A NEAR Intents post cited by U.Today put its 24-hour volume at $130.7 million, its 7-day run rate at $859.9 million and its 30-day turnover at $4.59 billion. U.Today reported cumulative volume since launch has exceeded $35 billion.
Can NEAR users move their account keys to post-quantum cryptography?
U.Today reported that NEAR co-founder Illia Polosukhin confirmed users can migrate their NEAR account keys to the post-quantum ML-DSA standard. The outlet said NEAR's architecture lets security standards be updated within the wallet without affecting funds or requiring third-party bridges.
