NEAR Protocol na platformě pro perpetuální kontrakty poháněné Hyperliquid spustil křížovou marži, takže pozice sdílejí jediný zůstatek pro perpetuals jako marži při zachování deklarovaného důvěrného obchodování.
NEAR Protocol has rolled out cross-margin on its Hyperliquid-powered perpetuals platform, allowing trading positions to share a single perps balance while retaining what the project describes as confidential trading.
Summary
Positions can draw collateral from a shared perps balance instead of holding separate margin. NEAR’s privacy explanation describes dedicated Hyperliquid accounts with confidential deposits and withdrawals. Hyperliquid documents account-level liquidation rules for positions that use shared cross margin. The platform advertises more than 50 markets, with U.S. persons excluded from access. NEAR Protocol announced the feature on Oct. 22, saying positions now share the user’s perps balance as margin. Its accompanying image presents cross and isolated margin alongside the platform’s confidentiality claim.
“Positions now share your perps balance as margin instead of each holding its own,” the project said.
The announcement identifies perps.near.com as the trading interface and Hyperliquid as the underlying provider. NEAR’s message says the feature is live, although it does not provide trading volume, user counts, or figures showing how much collateral customers have committed.
NEAR describes confidentiality through a dedicated trading account NEAR’s product page gives a more specific description of privacy than the short launch announcement. The service says each user receives a dedicated account for trading perpetuals on Hyperliquid, with confidential deposits and withdrawals to and from that account.
The Oct. 22 post describes positions as confidential, stating “nobody can tell they’re yours.” The product page’s explanation centers on the account and its funding flows, without establishing that every order, execution, or position record disappears from Hyperliquid’s public infrastructure.
Neither the announcement nor that explanation provides an independent assessment of whether observers could identify users through other information. The material supports reporting NEAR’s confidentiality claim, but not a guarantee that trading activity cannot be linked to a person under any circumstances.
For funding, the site says NEAR Intents converts supported assets into the required margin currency. Users can start with assets held across connected networks, while funding and settlement transactions are signed on their devices, according to the service.
Cross margin shares collateral across eligible positions Hyperliquid’s documentation describes cross margin as collateral shared among cross-margin positions. Isolated margin assigns collateral to an individual position, separating it from the collateral used elsewhere in the account.
Its rules allow unrealized profits from cross-margin positions to become available as initial margin for new trades. For isolated positions, unrealized profit instead becomes additional margin for the existing position, the documentation states.
Hyperliquid calculates initial margin from position size, mark price, and the leverage selected by the trader. Maximum leverage depends on the asset, so the platform’s advertised ceiling does not apply equally to every market.
The documentation says leverage is checked when a position opens. Afterward, users must monitor their exposure, with available actions including closing positions, adding collateral to isolated trades or depositing USDC for cross-margin positions.
Hyperliquid distinguishes how cross-margin works across different perpetual exchanges deployed on its infrastructure. Its documentation says collateral sharing across those venues depends on the account mode and collateral type. NEAR’s announcement does not specify which of those configurations its interface supports.
Hyperliquid applies account-level liquidation rules Hyperliquid’s liquidation rules say positions become subject to liquidation when account equity falls below the required maintenance margin. The platform first attempts to close positions through orders sent to its order book. Remaining collateral stays with the trader when the resulting closures restore compliance with margin requirements.
If account equity falls below two-thirds of maintenance margin and liquidation through the book has not succeeded, the documentation describes a backstop process involving the liquidator vault.
For a cross-margin backstop liquidation, Hyperliquid says the trader’s cross positions and cross collateral transfer to the liquidator. An isolated backstop liquidation transfers the affected position and its assigned margin while leaving cross-margin positions untouched.
The exchange uses a mark price for liquidations. Its pricing documentation says that measure combines external market information with Hyperliquid trading data and is used for margin calculations, unrealized profit and loss, and take-profit or stop-loss triggers.
Funding payments can change an account’s balance while positions remain open. Hyperliquid states that funding is exchanged hourly between long and short holders, with the payment direction determined by the funding rate. The exchange says it collects no fee on those transfers.
NEAR’s perps service excludes U.S. persons The product page advertises access to more than 50 perpetual markets with leverage of up to 40 times. It explicitly states that perpetuals are unavailable to U.S. persons and users in other restricted jurisdictions, alongside a warning that leveraged trading carries a substantial risk of loss.
NEAR’s relationship with Hyperliquid includes direct token trading. On Sep. 23, crypto.news reported that NEAR spot trading had become available against USDC, alongside an existing perpetual market for the token. The announcement cited in that article said inclusion on Hyperliquid’s Strict List would take several more days after deployment.
Zakladatel DFINITY Dominic Williams zpochybnil soukromí služby NEAR Confidential Intents: síť FAR podle něj spoléhá na neznámé centralizované provozovatele a není open-source.
DFINITY founder Dominic Williams questions the privacy design of NEAR Protocol's Confidential Intents, citing a PhD engineer's review of its FAR network, open-source status and node operators.
DFINITY (@dfinity) founder Dominic Williams (@dominic_w) has publicly questioned the privacy design of Near (@NEARProtocol) Confidential Intents, citing a review by a PhD engineer. The criticism targets $NEAR's privacy layer for cross-chain trading and comes as the token trades higher on separate ecosystem news. Williams is the founder of the Internet Computer ($ICP), a competing blockchain network.
What Williams AllegesWilliams shared the engineer's assessment, which alleges the system relies on a separate permissioned network called FAR, where operators are trusted to protect private data. The review also questioned the privacy technology itself, the feature's open-source status and the fact that node operators have not been disclosed.
According to CoinPedia, Williams described the setup as running on unknown centralized nodes and not open source, and implied the network could be one of the overpromised Web3 projects. The same report says some supporters agreed with his doubts, while most replies came from critics who contrasted the weaker ICP price with NEAR's performance.
The claims are Williams' and the engineer's. NEAR has not been shown to have responded to the specific allegations in the material reviewed for this article.
How NEAR Describes Confidential IntentsNEAR positions Confidential Intents as a way to protect trading activity on its cross-chain system. In its product announcement, the project says users can toggle between a Main Account and a Confidential Account, opting into confidentiality across transfers, deposits and withdrawals. NEAR says the aim is to prevent MEV extraction, frontrunning and strategy copying.
On architecture, Glitchwire reports that transactions are routed through a dedicated NEAR private shard, described as a parallel execution environment run by a decentralized set of permissioned validators. The shard connects to NEAR's mainnet through a bridge built on Trusted Execution Environments. The same report says NEAR states the product is not a mixing or anonymization tool and includes selective disclosure for regulatory compliance.
The description of a permissioned validator set overlaps with part of Williams' critique, though the sources differ on how they characterize it. The dispute centres on how much users must trust those operators, and on what NEAR has disclosed about the validators and underlying technology.
Why It MattersPrivacy tooling is a growing area of cross-chain DeFi, and design choices such as who operates the infrastructure and whether the code is public bear directly on how much trust users place in it. The exchange also reflects ongoing competition between NEAR and Internet Computer, whose founders have traded technical criticism in the past.
Readers weighing the claims may want to look for independent audits, validator disclosures and published code from NEAR as the debate develops.
Sources:
CoinPedia: Near Protocol surges 5% despite DFINITY founder slamming its techNEAR: Confidential Intents announcementGlitchwire: Confidential Intents reaches general availability
NEAR Protocol launches NEAR Business, a multisig treasury platform for Web3 firms and crypto desks covering 35+ chains, built on NEAR Intents with a 0.35% swap fee.
NEAR Protocol (@NEARProtocol) has launched NEAR Business, a multisig treasury management platform aimed at Web3 companies, institutional crypto desks and venture firms. The product is pitched as an institutional-grade alternative to traditional custody and treasury software.
What NEAR Business offersThe platform supports payroll distribution, capital deployment and cross-chain operations across more than 35 blockchain networks, including $BTC, $ETH and $SOL. Teams manage these activities from a single control panel and do not need third-party bridge protocols.
A related NEAR-linked treasury product, Trezu, describes a similar setup. The site also lists public and confidential treasury modes, bulk payments and audit-ready exports.
Multisig wallets are widely used for business treasuries because they spread signing authority across several people. according to B2BinPay's guide to business multisig wallets.
Pricing and the NEAR Intents backboneNEAR Business runs on the NEAR Intents Solver Protocol. It charges a 0.35% swap fee and subsidises transaction gas costs, a structure designed to drive settlement value for $NEAR. NEAR Protocol positions the pricing against traditional institutional custody providers that charge annual SaaS licence fees above $18,000.
NEAR Intents has grown quickly as a cross-chain settlement layer. More recently, according to Digital Today, which cited U.Today.
The scale of that activity gives NEAR Business an existing liquidity base for the cross-chain swaps it offers. Whether treasury teams adopt it will depend on how the 0.35% fee compares with existing tools and on how institutions weigh non-custodial multisig setups against regulated custodians. NEAR Protocol has not published adoption figures for the new product.
Sources:
Trezu: multi-chain confidential multisig treasuryNEAR: 2025 milestones and NEAR Intents growthDigital Today: NEAR Intents swap volume
NEAR Protocol přidal XRP na near.com. Uživatelé mohou vkládat XRP z XRP Ledgeru, směňovat je a provádět platby s důvěrnými transakcemi aktivovanými ve výchozím nastavení.
NEAR Protocol has added XRP to near.com, letting users deposit from the XRP Ledger, swap and pay with confidential transactions powered by NEAR Intents.
XRP is now available on near.com, the all-in-one crypto app from @NEARProtocol, with confidential transactions enabled by default. Users can deposit $XRP directly from the XRP Ledger, swap it for other assets and use it to make payments.
What the XRP integration offersThe listing means XRP holders can move funds into the app without first converting to another asset. Once inside, they can swap XRP for other tokens or spend it, all from a single interface.
Privacy is the main selling point. @XRP transactions on near.com are confidential by default, which keeps sender addresses, amounts and routing off public $NEAR explorers. A recipient receives the funds without seeing the sender's address or wallet history. Routing is handled by @near_intents, NEAR's system for swapping assets across chains.
The feature builds on NEAR's wider privacy push. CoinDesk reported that near.com launched in February as a super app, with a confidential mode that keeps balances, transfers and trading activity private within the network's security framework. NEAR co-founder Illia Polosukhin said at the time that onchain transparency is not realistic for day-to-day use.
How confidential execution worksAccording to NEAR's own documentation on Confidential Intents, transactions run on a NEAR private shard, a dedicated execution environment operated by a decentralized set of independent, permissioned validators. It connects to NEAR mainnet through a bridge based on trusted execution environments (TEEs). When a user goes confidential on near.com, deposits, transfers and swaps stay out of public view, and funds can be moved between confidential and public accounts at any time.
The design has limits. An explainer from the LeoDex exchange notes that this is confidentiality rather than anonymity, because deposits into and withdrawals out of the system remain visible on public chains.
Demand for the feature appears to be real. NEAR said in a general availability announcement that over 40% of volume across near.com used Confidential Mode within weeks of launch. That figure comes from NEAR itself and has not been independently verified.
For XRP holders, the addition offers a way to swap and pay across chains without exposing wallet history on public explorers. The XRP Ledger is also among the networks supported by NEAR's recently launched NEAR Business treasury platform, according to Crypto Briefing.
SourcesCoinDesk: NEAR launches Near.com super app
NEAR: Confidential Intents
Crypto Briefing: NEAR launches crypto treasury platform
NEAR Intents ve 3. čtvrtletí zpracoval směny v hodnotě přibližně 10,4 miliardy USD; NEAR Protocol zvýšil podíl ponechaných poplatků za celou dobu k 6. říjnu na 16,4 % a financuje z nich zpětné odkupy tokenů $NEAR.
NEAR Intents handled about $10.4 billion in Q3 2026, and NEAR Protocol is retaining a larger share of swap fees to fund $NEAR buybacks.
NEAR Protocol is capturing a growing share of the fees generated by its cross-chain swap product. @near_intents handled about $10.4 billion in volume in the third quarter, bringing lifetime volume to more than $32 billion, according to @NEARProtocol's Q3 report.
Lifetime fees topped $52 million, and more than $8 million of that went toward buying back $NEAR.
Retained share of fees risesThe portion of Intents fees that NEAR keeps reached 16.4% over its lifetime as of October 6. That compares with 11.5% in the second-quarter report. Over the past 30 days, the retained rate stood at 28.4%.
The distinction matters because the fees charged on swaps are not all kept by the protocol. DefiLlama's methodology separates gross fees, which include the protocol fee plus the affiliate fee each front end collects, from the revenue NEAR itself captures. According to DefiLlama, NEAR's captured Intents revenue has been used to buy back $NEAR on the open market since February 23, 2026, and the tokens are not burned.
Buybacks in contextBuyback activity has picked up alongside volume. Altcoin Buzz, citing DefiLlama data, reported that September's $1.84 million was the biggest monthly buyback so far. Different trackers count the buyback total differently, depending on whether they measure tokens or dollars and which wallets they include.
Some market participants have urged caution on what buybacks can achieve. Sal Ternullo, CEO of Nasdaq-listed NEAR treasury company SVRN, said on the Bankless podcast that buybacks are real, but that the network was issuing more than six times as much new NEAR as was bought back over the prior 30 days, according to Yahoo Finance. He also floated a governance proposal to cut maximum annual issuance from 2.5% to 1.6%.
For now, the Q3 figures show both swap volume and the protocol's retained share moving higher. Whether that is enough to offset token issuance will depend on how long volume stays elevated.
SourcesDefiLlama: NEAR Intents TVL, fees, revenue and volume
Altcoin Buzz: NEAR Intents buyback hits $6.68M
Yahoo Finance: NEAR treasury firm CEO on buybacks and issuance
NEAR Protocol plánuje nasadit formální verifikaci s využitím AI pro svůj protokol a klíčové smart kontrakty po vyřešení 672 matematických úloh za 111,85 USD.
NEAR Protocol has outlined plans to apply AI-assisted formal verification to its protocol and core smart contracts after reporting 672 solved mathematics problems at a submission-time model cost of $111.85.
Summary
NEAR plans to apply AI-assisted formal verification to its protocol and core smart contracts. NEAR AI reported solving 672 PutnamBench problems at a submission-time model cost of $111.85. Production verification requires accurate software models, defined requirements, and proofs covering the deployed implementation. Formal verification complements testing and code reviews, with guarantees limited to specified properties and assumptions. NEAR Protocol said in an Oct. 16 announcement that its research seeks to reduce the specialist work and computing costs involved in proving software follows defined rules.
Formal verification proves that software follows defined rules.
Our goal is to make it affordable for more developers. NEAR AI’s progress in automated proof generation brings us closer.
Next: applying it to the NEAR protocol and core smart contracts. https://t.co/MqFxz4B166
— NEAR Protocol (@NEARProtocol) October 19, 2026 The planned application covers the network’s protocol and core contracts, alongside tools for ecosystem developers. NEAR described production verification as a goal, while its completed benchmark work concerns automated mathematical proof generation.
NEAR plans to move proof generation into production software According to NEAR’s announcement, applying the research to running software involves three stages. Developers must represent a program mathematically, define the properties it should satisfy, and construct proofs showing those properties hold.
NEAR AI’s recent benchmark results demonstrate progress on the third stage. The announcement says production work still requires accurate models of software behavior and a clear connection between the proofs and the implementation users rely on.
In its explanation, NEAR distinguishes a proof covering a particular accounting rule from a guarantee that an entire application is secure. A contract could preserve balances during transfers while requiring a separate proof that only authorized accounts can initiate them.
NEAR co-founder Illia Polosukhin has linked the research to risks from AI-generated software and tools that help attackers identify weaknesses.
“The future of AI, and AI-generated code, is exciting – but only once we achieve verifiable and mathematical guarantees of its behavior.”
The announcement reproduces the statement from Polosukhin’s writing on software security. NEAR says formal verification should complement testing, code review and operational security practices.
The $111.85 result measures mathematics proofs NEAR’s announcement reports that its AI agent solved 672 Lean problems from PutnamBench, a benchmark based on the Putnam undergraduate mathematics competition. The reported mean cost was approximately $0.17 per problem at the model prices used for the submission.
The project’s public repository describes the result as 670 upstream problems plus corrected versions of two problems with defective formalizations. NEAR says the reported spending excludes the full cost of developing the system and does not estimate the price of verifying a production contract.
In the repository, the team reports that replaying the same usage at later listed DeepSeek off-peak prices would cost $331. Its methodology includes unsuccessful attempts, although the authors identify a separate parallel experiment using Kimi that they excluded from the cost accounting.
The repository describes checks against unfinished proofs and changes to the mathematical statement being proved. It reports that the longest run lasted more than three days.
Alongside PutnamBench, NEAR says its team reached first place by total solves on the Lean Eval v1 formalization leaderboard. The announcement specifies that ranking measure, distinguishing it from first solves and unique solves.
According to NEAR, mathematics benchmarks exercise a capability needed for software verification because developers translate software requirements into mathematical statements. The company separates those results from the work of proving properties of deployed code.
Formal proofs depend on the rules developers choose In NEAR’s transfer example, a conventional test checks a selected transaction, such as moving five tokens between two accounts. A proof can establish that every successful transfer covered by the mathematical model preserves the accounts’ combined balance.
The announcement explains that developers first choose a requirement, express the relevant software behavior mathematically, and submit a proposed proof to a checker. The resulting guarantee depends on the definitions and assumptions used.
NEAR’s approach uses Lean, an open-source programming language and proof assistant. An AI agent can propose a proof, run Lean, inspect its feedback, and revise the attempt, while Lean’s kernel checks whether the proof follows its logical rules.
An unsuccessful attempt does not necessarily identify a software flaw, according to NEAR. The requirement may be wrong, the implementation may violate it, or the agent may fail to find a valid proof.
Formal verification already has documented applications within the NEAR ecosystem. Certora’s March 30 assessment of Templar, a lending protocol deployed on NEAR, describes manual review of its Rust contracts and formal specification and verification of its market contract. Certora’s assessment page identifies the proven properties and discovered issues as subjects of the full report.
Other blockchain teams have pursued AI-assisted verification In May, Aptos Labs described support for AI-assisted formal verification involving dynamic dispatch in Move contracts. Its stated workflow uses AI-generated specifications with Move Prover, according to coverage of the announcement.
Ethereum co-founder Vitalik Buterin has discussed a similar combination of AI tools and machine-checked proofs. As crypto.news previously reported, his May comments identified applications across Ethereum’s roadmap, including consensus, quantum-resistant cryptography and zero-knowledge systems.
Buterin cautioned that proving one layer does not establish that an entire system behaves as intended. His discussion covered verification from high-level specifications through the lower-level implementation.
NEAR’s separate security research has addressed quantum-resistant signing. Near One’s May proposal selected FIPS-204 signature support, using the ML-DSA standard approved by the U.S. National Institute of Standards and Technology.
The May proposal described a testnet target for the end of the second quarter of 2026. Near One said wallet software, hardware wallets, endpoints, and APIs would require coordinated changes to support the new signing schemes.
Objem obchodů prostřednictvím cross-chain protokolu NEAR Intents dosáhl za posledních 24 hodin 130,7 milionu USD; za posledních 30 dní činil 4,59 miliardy USD.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The NEAR Protocol ecosystem has reached peak operational efficiency metrics. Over the last 24 hours, transaction volume through the NEAR Intents cross-chain swap protocol hit $130.7 million. The current surge keeps the platform's 30-day turnover at $4.59 billion, and cumulative trading volume since launch has exceeded $35 billion.
$130.7M traded through NEAR Intents in the last 24h.
7-day run rate $859.9M; $4.59B over 30 days. https://t.co/hyoDSJsoZw
— NearStats (@nearstatsorg) October 19, 2026
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At the same time, the native NEAR token has settled in the $4.97–$5.10 range, quickly buying back the short-term market dip to $4.62. Large capital is clearly entering the network for specific practical purposes rather than for speculation.
Institutions, Zcash, and Paranoid Security: How This Growth WorksDaily activity was driven by a sharp surge in demand for protected transactions, which now generate almost a tenth (9.4%) of NEAR Intents' total monthly volume. In monetary terms, this hidden liquidity flow amounted to $91.9 million. The main direction of capital movement was direct cross-chain transfers between Zcash (ZEC) and Bitcoin (BTC).
Over the course of the day, on-chain radars recorded a series of large transactions by institutional players (whales), who converted hundreds of thousands of dollars from shielded ZEC pools directly into BTC in one click.
As a result, the ecosystem's confidential TVL (total value locked) settled in the $151–$152 million range, turning the platform into one of the key legal hubs for protected operations.
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In parallel, NEAR's technological focus has shifted toward long-term protection against fundamental risks. Co-founder Illia Polosukhin confirmed that users can migrate the keys of their NEAR accounts to the post-quantum ML-DSA standard right now. NEAR's architecture allows security standards to be updated within the wallet seamlessly, without affecting the funds themselves and removing the need to use third-party bridges.
Bitwise NEAR ETF (NRR) daily net inflows and net assets chart as of October 2026, Source: SoSoValueThe network's technical resilience is also supported by Wall Street money. The spot Bitwise NEAR ETF (NRR) recorded a daily net inflow of $2.61 million, raising cumulative inflows to $83.05 million. The fund's net assets under management reached $82.36 million (1.26% of NEAR's total market capitalization), which is a strong protective buffer for the market.
The network itself is digesting these volumes without delays. The decentralized MPC computation system has expanded to 17 independent operators, which has stabilized block generation time. Meanwhile, the recent liquidation of short positions on exchanges has noticeably eased selling pressure, clearing the way for a test of local resistance levels.
NEAR za posledních 24 hodin vzrostl o více než 12 % po partnerství mezi Sunrise a Near Intents, které otevírá likvidní trhy pro aktiva NEAR Intents na Solaně.
NEAR prices have risen in response to Sunrise and Near Intent’s partnership to establish liquid markets for NEAR Intents assets on Solana, as announced in their recent tweet. Over the last 24 hours alone, the token has gained more than 12%.
Moreover, the partnership could expose NEAR to a broader trading audience by making the token accessible within Solana’s [SOL] ecosystem.
With fresh market access and investment flows supporting the bullish bias, can NEAR extend its bullish run?
How is NEAR market activity reacting to the news? Notably, the development arrives as trading activity picks up in the Futures market and retail traders increase their participation across the spot markets.
Solana Compass reported approximately $11.4 million in 24-hour trading volume for NEAR on Solana on launch day, alongside about $819K in netflow.
Source: Solana Compass The coin’s derivative data shows that NEAR Intent revenue has skyrocketed to $163K, not been recorded over the past three months. This being just the beginning the token revenue could be key for the token’s anticipated bullish run continuation.
Source: DefiLlama Notably, NEAR ETFs reported $1.13 million in daily inflows, indicating that investors are still allocating capital to NEAR-linked products during the period. Moreover, persistent inflows could support demand, although a single session cannot establish a lasting trend.
Source: SoSoValue Will NEAR crypto’s bullish run prevail? On the daily chart, the impacts of the development are evident. NEAR’s price action is currently gaining momentum from a key demand zone. The token’s bullish gains are going hand in hand with its trading volume, with its prices now trading above all key EMAs.
All in all, with the partnership and ETF inflow surge, NEAR projected rally continuation could occur. However, traders and investors should be aware of the bearish caution from a potential profit-taking phase among the holders and bulls on floating profits.
Source: TradingView Final Summary NEAR’s Sunrise partnership opens a new route into Solana markets. Reported ETF inflows of $1.13 million and rising trading activity could support the rally if buying pressure persists.
NEAR Protocol spustil výnosové fondy v SOL prostřednictvím anonymních účtů, které Gauntlet nasadil na platformě Kamino. Vklady nemají dobu uzamčení a lze je kdykoli vybrat.
NEAR Protocol has announced support for earning SOL yields via secret accounts. Users deposit funds into vaults, which remain unaware of their addresses. The product features no lock-up period, allowing users to redeem or withdraw funds at any time. The relevant vaults are deployed on Kamino by Gauntlet.
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Helius CEO Mert Mumtaz has joined the NEAR Foundation Council, the body that oversees NEAR Protocol's foundation and its biggest decisions, as NEAR Intents tops $33 billion in volume.
Helius CEO @mert has joined the NEAR Foundation Council, the body that oversees the NEAR Protocol foundation and its biggest decisions. He remains at @Helius, which builds Solana ($SOL) infrastructure used by Phantom, Jupiter and Coinbase.
Who sits on the NEAR Foundation Council
Polosukhin said Mumtaz's
Why NEAR Intents is the common threadMumtaz is an early user of NEAR Intents. Mumtaz's own view is that Solana, Zcash ($ZEC) and Bitcoin ($BTC) cannot win alone, and that @NEARProtocol is how they work together.
The appointment comes as NEAR Intents grows. For comparison,
The protocol's design explains the cross-chain pitch.
The seat gives a leading Solana infrastructure operator a formal role in NEAR governance, which suggests growing overlap between two ecosystems often seen as rivals.
SourcesThe Block: Helius CEO Mert Mumtaz joins NEAR Foundation Council
PR Newswire: Helius CEO Mert Mumtaz Joins the NEAR Foundation Council
Bankless: Helius CEO Mert Mumtaz Joins NEAR Foundation Council
ETF NEAR společnosti Bitwise a plán společnosti SVRN držet 10 % celkové zásoby tokenů NEAR sázejí na to, že aktivita AI agentů v síti NEAR Protocol vytvoří skutečné příjmy a poptávku po tokenu.
Bitwise's NEAR ETF (NRR) and SVRN's plan to hold 10% of NEAR supply both rely on AI-agent activity on NEAR Protocol turning into real economic value.
@Bitwise chief investment officer Matt Hougan (@Matt_Hougan) sees the NEAR Protocol (@NEARProtocol) token $NEAR as a way to invest in blockchain infrastructure for AI-driven commerce. The firm's NEAR ETF, ticker NRR, pairs spot NEAR exposure with staking rewards. Separately, SVRN chief executive Sal Ternullo (@sal_ternullo) says his company aims to accumulate 10% of NEAR's token supply.
Both strategies rest on the same question: whether AI-related activity on NEAR can produce revenue and demand for the token.
How the Bitwise NEAR ETF works
On redemptions,
SVRN targets 10% of NEAR supplySVRN is taking a different route.
The company also runs operating businesses around the network.
Ternullo
The AI revenue questionThe AI thesis is still largely prospective.
Investors should also note that NRR does not offer direct exposure to AI companies.
Sources
The Block: Bitwise launches first US spot NEAR ETF with staking rewardsBitcoin.com News: Bitwise, SVRN Bet on NEAR as AI Infrastructure Thesis Takes ShapeCryptoRank: SVRN acquires FastNEAR
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
NEAR just set a new record in the futures market. Open interest in NEAR contracts hit $1.92 billion on October 12, according to Coinglass data. That is the highest level ever for the token. At that moment, NEAR was trading at $5.88.
The size of this jump is hard to miss. In July and August, open interest sat between $300 million and $450 million. It started to climb in mid-September and passed $1 billion within days. In approximately two months, traders have put roughly four times more money into NEAR futures.
Near's explosive rallyPrice followed the same path. NEAR rose from around $1.60 in August to nearly $6.00. The daily chart shows the coin trading far above its moving averages. The black line, which tracks the long-term trend, is near $2.55, and the price is about double that.
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NEAR/USDT Chart by TradingViewBut the record came with a warning. NEAR touched $6.00 and then fell hard. The current daily candle is red, with the price now near $5.07. Open interest also dropped from its peak and now sits closer to $1.5 billion. That means many traders closed positions or were forced out during the drop.
This is the danger of high open interest. When many traders use borrowed money, a sharp move in either direction can trigger a chain of forced selling. The fall from $5.88 to $5.07 looks like that kind of flush.
Mixed signalsThe RSI was above 75 in late September, which confirmed the rally was overheated. It has cooled to approximately 55, so the market is no longer stretched. Trading volume has also decreased in October, which suggests less excitement than during the September breakout.
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The key levels are clear. On the downside, the green moving average near $4.60 is the first support, and the low from last week near $4.30 is the next one. A break below those would open a path toward $3.90. On the upside, buyers need to push back above $5.50 to try another run at $6.00.
For now, NEAR has strong momentum and record interest from traders. But a record in open interest does not guarantee more gains. It shows that many people are betting on the coin, and that could push the price either way.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The US Federal Reserve's hawkish rhetoric triggered a large-scale capital outflow from the digital asset industry, but the artificial intelligence (AI) sector managed to turn the general panic into a local rally. According to a fresh report from market maker Wintermute, the main beneficiary of the shift in market sentiment was the Near Protocol (NEAR), which effectively took the AI-segment leadership crown amid falling key tokens.
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The published minutes of the Fed meeting confirmed that most officials expect another rate hike before the end of the year, pushing the yield on 10-year US government bonds to a multi-year high of 5.24%. Market reactions were polarized: the S&P 500 index hit a record high (+1.2% for the week), as growth in expected corporate earnings (+29% y/y) fully offset the high borrowing rate.
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Cross-asset performance ranking matrix showing digital assets underperforming traditional markets during Week 41, Source: WintermuteThe crypto market, lacking similar fundamental support, saw weekly outflows of $679 million from spot Bitcoin ETFs (the highest since June) and $542 million from Ethereum ETFs, while CoinGlass recorded forced liquidations of $1.19 billion ($1.06 billion of them longs). Bitcoin dropped 3.2% (to $83k), while Ethereum plunged 7.0% due to a reputational shock: an Ethereum Foundation researcher publicly urged users to migrate to new addresses immediately.
But the largest damage was done elsewhere.
The market's new favorite. How NEAR ignored the general stormThe main blow fell on the altcoin sector, where the median decline was 3.7% and the recent leader UNI collapsed by 15.8%. Of the 66 largest projects, only 11 closed in the green.
However, this crisis exposed an important trend: investors did not flee to fiat but changed narratives. Capital leaving classic DeFi platforms began actively flowing into tokens tied to artificial intelligence technologies.
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Near became the absolute leader of the movement. Historically positioned as an AI-oriented blockchain, the project effectively ignored the market storm and, after a symbolic dip, claimed leadership in the sector, continuing its aggressive growth.
Wintermute highlights two key drivers of this momentum: a technological news event (the network introduced support for post-quantum digital signatures to strengthen security) and market mechanics. Bears tried to short NEAR out of inertia along with the rest of the market, which triggered a powerful short squeeze: the forced buyback of short positions only accelerated the token's surge.
Why now is not the time to take risksUntil US government bond yields stabilize and net inflows return to Bitcoin ETFs, Wintermute considers buying altcoins on rebounds an unjustified risk. Attention is shifting to fresh US inflation (CPI) data and the financial reports of tech giants, which will determine whether the global AI trend continues to provide the industry with liquidity.
NEAR Protocol’s native token climbed 16% over the weekend, according to The Motley Fool. Trading activity piled in right alongside it.
The numbers behind the run
The sharpest single burst came on October 10, 2026. NEAR gained as much as 11% that day and touched $6.00 on Binance.
It later cooled to around $5.64. Daily trading volume hit a record of approximately $3.54 billion, a 98% increase.
Over the four weeks leading into mid-October, NEAR rose by at least 83%. Some measurements put the gain far higher, in the range of 138-172%.
That rally pushed NEAR’s market capitalization to around $7.2 billion when the token traded near $5.50. The token is back inside the top 20 digital assets.
What’s driving the demand
NEAR Intents. This is NEAR’s cross-chain feature. Users describe the outcome they’re after, and the system routes it across blockchains.
NEAR Intents has recorded more than $31-33 billion in cumulative cross-chain volume across over 30 chains. September swap volume reached $4.8 billion, a 72.9% jump from the prior month.
The Bitwise ETF. Bitwise launched the first US spot NEAR ETF on September 29, 2026, trading under the ticker NRR. The fund drew nearly $58 million in inflows during its first week.
A proposed supply cut. A governance proposal would lower NEAR’s maximum annual token issuance from 2.5% to 1.6% over the next 24 months. The proposal is still underway, not finalized.
The exploit that didn’t stick
In early October, NEAR Intents was hit by a $3.8 million exploit. The funds were recovered within 24 hours. The token showed no lasting damage from the incident.
What this means for NEAR and the altcoin market
If the issuance proposal passes, the drop from 2.5% to 1.6% would phase in over 24 months. The token already slid from $6.00 to around $5.64 within the same session on October 10.
The signals worth tracking are fairly clear: whether NEAR Intents keeps posting monthly volume growth after September’s $4.8 billion, whether NRR inflows hold up past launch week, and how the governance vote on issuance resolves.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
NEAR Protocol now lets users link a verified email and at least two other methods to regain account access without a seed phrase. Seed phrases still work.
@NEARProtocol now lets users link their account to a verified email and at least two other verification methods, chosen from six options, to regain access if they get locked out. NEAR Protocol said setup runs through the NEAR Accounts site. The update gives NEAR account users a recovery route that does not depend on having kept a seed phrase.
How the new NEAR account recovery worksUsers start by connecting a verified email to their account. They then add at least two further verification methods from a list of six. If they later lose access, they can use these linked methods to get back in.
Seed phrases and private keys still work as before. The new options act as a backup rather than a replacement, so existing users do not need to change how they secure their accounts.
The announcement does not list the six verification methods or explain how the recovery process is carried out. Users should check the NEAR Accounts site for details before relying on the feature.
The practical step is to set up the additional methods while access to the account is still available, and to keep seed phrases and private keys stored safely in any case. In non-custodial wallets, losing a seed phrase can mean permanent loss of access, which is the risk a secondary recovery route is meant to reduce.
Email recovery returns after a 2022 security scareEmail-based recovery has a mixed history on NEAR. In August 2022, The Block reported that NEAR disclosed that email and SMS recovery data from its wallet had been exposed to a third party. Decrypt reported that security firm Hacxyk, which reported the bug to NEAR in June, said the recovery process could leak users' seed phrases to the analytics platform Mixpanel when they clicked email recovery links.
NEAR said it fixed the issue on the day it was reported and deleted the data. The company also said it had found no indicators of compromise and that funds were not at risk. Those points are NEAR's own account of the incident.
After the incident, NEAR stopped allowing email or SMS recovery for newly created wallets and advised affected users to rotate their keys, according to Decrypt's coverage. The new feature marks the return of email-based recovery, now paired with at least two extra verification methods.
Wallet changes on NEARThe update comes as NEAR consolidates its wallet options. Phemex News reported that MyNearWallet, a non-custodial wallet in the NEAR ecosystem, will shut down on October 31, 2026. Users are being directed to migrate to near.com. NEAR has said assets remain stored on-chain, so users need a new way to access them rather than a new place to hold them.
SourcesThe Block: NEAR Protocol discloses breach of email and SMS data tied to user wallets
Decrypt: Near Protocol discloses wallet breach that may have exposed private keys
Phemex News: MyNearWallet to shut down October 31, users must migrate assets
NEAR has entered the top 20 cryptocurrencies by market capitalization, surpassing Stellar, with a 138% increase in the last 30 days.
While the cryptocurrency market as a whole is experiencing selling pressure, NEAR Protocol’s native token has attracted investor attention with its strong performance. According to CoinGecko data, NEAR has gained approximately 138% in value over the past 30 days, placing it among the top 20 cryptocurrencies by market capitalization.
As of the time of writing, NEAR’s market capitalization had reached $7.2 billion, with a daily trading volume of $1.2 billion. This surge puts the token ahead of Stellar, which has a market capitalization of approximately $7 billion.
One of the key developments behind the rally was the growth of the NEAR Intents protocol, which enables transactions across different blockchains. The protocol’s cumulative transaction volume exceeded $31 billion. NEAR Intents allows users or AI agents to perform asset swaps and transfers between chains without directly dealing with complex bridging operations.
On the institutional side, the launch of the first US spot NEAR investment product attracted attention. Launched by Bitwise and traded on the NYSE Arca under the ticker symbol NRR, the product allows investors to access the NEAR price without directly holding the token.
It’s important to remember that the rise isn’t entirely risk-free. NEAR Intents’ deposit and withdrawal infrastructure was recently compromised with a $3.8 million attack. The project team announced that all stolen funds have been recovered. While the swift resolution of the incident eased market concerns, infrastructure security remains closely monitored.
NEAR’s future performance may be determined by ETF demand, the sustainability of Intents trading volume, and potential profit-taking following the rise. While the 138% increase indicates strong momentum, such rapid increases also raise the risk of volatility.
*This is not investment advice.
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NEAR Protocol (NEAR), Bitwise CEO’su Matt Hougan’ın projenin yapay zeka alanındaki büyüme potansiyeline dikkat çekmesinin ardından yüzde 6’nın üzerinde yükseldi. NEAR fiyatı 5,38 dolara ulaşırken son 30 gündeki kazancı yüzde 130’u aştı. Hougan, NEAR Intents platformunun 30 milyar doları aşan işlem hacmini ve artan gelirlerini vurgulayarak projenin yalnızca gelecekteki beklentilere değil, mevcut kullanım alanlarına da sahip olduğunu belirtti.
İlginizi Çekebilir: NEAR 6 Dolara mı Gidiyor? Grayscale Yapay Zekayı İşaret Etti
Bitwise CEO’sundan NEAR İçin Dikkat Çeken Açıklama Bitwise CEO’su Matt Hougan, NEAR Protocol’ü mevcut faaliyetleri ve yapay zeka potansiyeliyle öne çıkan kripto para projelerinden biri olarak değerlendirdi. Hougan, küçük piyasa değerine sahip kripto varlıkların büyük yükseliş potansiyeli taşıyabileceğini ancak çoğunun henüz gerçekleşmemiş beklentilere dayandığını ifade etti. NEAR’ın bu noktada farklılaştığını belirten Hougan, projenin halihazırda önemli bir işlem hacmi oluşturduğuna dikkat çekti. NEAR Intents’in toplam işlem hacmi 30 milyar doları aşarken son 30 günlük hacim 4 milyar doların üzerine çıktı. Platformun aylık gelirinin 2 milyon doları geçmesi de büyüme beklentilerini destekledi.
NEAR Intents, farklı blockchain ağları arasında işlemlerin daha kolay gerçekleştirilmesini sağlayan altyapısıyla dikkat çekiyor. Platform, kullanıcıların ve yapay zeka ajanlarının istedikleri işlem sonuçlarını belirlemesine olanak tanırken işlemlerin gerçekleştirilmesini çözümleyici ağlar üzerinden yönetiyor. Paylaşılan verilere göre NEAR Intents’in 30 günlük işlem hacmi yıllık bazda yüzde 896 artarken gelirlerinde yüzde 512 büyüme kaydedildi. Ayrıca Ondo Finance entegrasyonu sayesinde tokenize edilmiş ABD hisseleri ve ETF’lerine farklı blockchain ağlarından erişim sağlanması, platformun kullanım alanlarını genişletiyor.
Yapay Zeka Potansiyeli NEAR Fiyatını Destekleyebilir Matt Hougan, NEAR’ın uzun vadeli büyüme fırsatının yapay zeka ajanlarının ekonomik işlemlerinde önemli bir altyapı haline gelmesinden kaynaklanabileceğini belirtti. Projenin hızlı, düşük maliyetli ve farklı blockchain ağlarıyla uyumlu işlem altyapısı, bu hedef açısından önemli avantajlar sunuyor. Bitwise’ın değerlendirmesine göre yapay zeka ajanlarının dijital ekonomide daha aktif hale gelmesi, NEAR ağı üzerindeki işlem talebini artırabilir.
Şirket, konuya ilişkin değerlendirmesinde şu ifadeleri kullandı:
“Eğer yapay zeka ajanları dijital altyapının baskın kullanıcıları olursa, NEAR onların uzlaşma katmanı olursa fayda sağlayabilir.”
Bitwise CEO’sunun açıklamalarının ardından NEAR fiyatı son 24 saatte yüzde 6,23 yükselerek 5,38 dolara ulaştı. Kripto para biriminin son 30 günde yüzde 130’un üzerinde değer kazanması, yatırımcıların projeye yönelik ilgisinin arttığını gösteriyor. Bitwise’ın ABD’de spot NEAR ETF’sini piyasaya sürmesi de projeye yönelik kurumsal erişimi genişleten gelişmeler arasında yer alıyor. Bununla birlikte NEAR fiyatındaki hızlı yükselişin ardından kâr satışları ve kısa vadeli dalgalanmalar yaşanabileceği göz önünde bulunduruluyor.
Değerlendirme NEAR Protocol, büyüyen işlem hacmi, artan platform gelirleri ve yapay zeka odaklı altyapısıyla kripto para piyasasında dikkat çekmeye devam ediyor. Bitwise CEO’su Matt Hougan’ın açıklamaları, projenin uzun vadeli potansiyeline yönelik beklentileri güçlendirirken NEAR fiyatındaki yükselişi de gündeme taşıdı. Ancak yatırımcılar açısından yapay zeka alanındaki gelişmelerin gerçek ağ kullanımına ve sürdürülebilir gelir artışına dönüşmesi belirleyici olacak.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Spoluzakladatel NEAR Protocol Illia Polosukhin tvrdí, že on-chain nástroje na near.com snižují potřebu centralizovaných burz tím, že v jednom rozhraní nabízejí obchodování, tokenizované akcie a perpetuální futures kontrakty.
Onchain Tools Closing the Gap With Centralized ExchangesNEAR Protocol co-founder Illia Polosukhin made a pointed case against centralized exchanges at the Digital Asset Summit 2026 in Singapore, telling The Block that users no longer need centralized exchanges for "a lot" of crypto activity as near(.)com expands its onchain offerings.
Polosukhin illustrated his argument with a personal anecdote: one of his own accounts was deleted by a centralized exchange despite his knowing the company's CEO. "You log in, and it says this account doesn't exist," he said.
Near(.)com brings spot trading across different chains, tokenized stocks, earn products, and perpetual futures into one interface. Polosukhin described the platform as "almost there" and said it has a "big roadmap of things to keep adding," pointing to bank withdrawals, transaction records for tax purposes, and selective disclosure of confidential transactions among the areas it is working on.
Privacy is also a priority. Most of NEAR Intents' infrastructure has moved to a confidential shard, allowing trading activity to remain private while users can reveal individual transactions when needed.
Fiat Integration, Tokenized Stocks, and AI AgentsBeyond crypto-to-crypto activity, Polosukhin outlined a broader vision. Near(.)com is working with Monerium to support conversions between euros held in traditional bank accounts and EURe, a euro-denominated stablecoin. Over the long term, Polosukhin said, the goal is to enable swaps of any asset through NEAR Intents.
Tokenized equities are already live on the platform. Tokenized stocks were added to near(.)com in September through an integration with Ondo Finance, and the platform plans to add more globally traded stocks. The launch started with 20 assets, including tokenized exposure to Tesla, NVIDIA, and Apple, as well as ETFs such as QQQ. Users can fund purchases with USDC, Bitcoin, or other supported assets held across more than 30 blockchain networks, all from one account.
Polosukhin also pointed to artificial intelligence as a coming force in onchain markets. He has previously argued that "the users of blockchain will be AI agents," with AI handling the front end and blockchain serving as the back end. That framing positions near(.)com not just as a trading platform, but as infrastructure for a future where automated agents handle onchain activity on behalf of users.
Sources:
The Block: NEAR's Polosukhin sees shrinking need for centralized exchanges as onchain tools expand
CoinGape: Ondo Finance Partners With near.com to Bring Tokenized U.S. Stocks and ETFs Onchain
Crypto Reporter: near.com Partners With Ondo to Bring Tokenized U.S. Stocks and ETFs Alongside Crypto, Confidentially
NEAR v září vzrostl o 183 % z přibližně 1,80 USD na více než 5 USD. Spotový ETF fond Bitwise NEAR (NRR) v USA během prvního týdne přilákal 58 milionů USD.
Key Highlights The NEAR token surged from approximately $1.80 at the start of September to exceed $5, marking a 183% monthly increase. On September 29, Bitwise introduced the inaugural U.S. spot NEAR ETF (ticker: NRR), which accumulated $58 million during its opening week. A Grayscale analysis emphasized NEAR’s focus on “agentic commerce,” enabling AI agents to independently execute payments and commission tasks. Current trading levels place NEAR around $5.19, with immediate support identified at $5.13 and resistance between $5.39-$5.44. The MyNearWallet platform will cease operations on October 31, directing users to alternative solutions including Meteor Wallet and near.com. The NEAR Protocol token has delivered one of autumn’s most impressive cryptocurrency performances. Beginning September trading near the $1.80 level, the asset pushed beyond $5 as October arrived.
NEAR Price This upward movement translated into approximately 183% growth, based on figures referenced by Grayscale. The performance notably exceeded the wider AI-focused cryptocurrency segment, which registered 54% gains during the identical timeframe.
A substantial portion of the initial momentum originated in derivatives trading. Data from Santiment indicated that dollar-based open interest surged 119% during the period spanning September 13 through September 20.
Meanwhile, open interest calculated in NEAR tokens themselves expanded by just 21% within that same interval. This disparity indicates that leverage usage and token appreciation contributed more significantly than fresh position entries.
Funding rates elevated to approximately 1.6 times their two-month median level. Market participants have been monitoring chart patterns for indications of future direction.
Technical analyst Nebraskangooner identified an emerging pennant formation on NEAR’s chart, noting that traders should monitor this pennant pattern for the next significant directional move.
Spot market activity for NEAR also commenced on Hyperliquid during September 22-23. This development introduced direct NEAR/USDC pair trading alongside the platform’s existing perpetual contract market, where open interest approached $344 million.
The most significant development occurred September 29, when Bitwise unveiled America’s first spot NEAR exchange-traded fund. Trading on NYSE Arca under ticker symbol NRR, the fund carries a 0.75% annual management fee.
By October 6, the ETF had attracted approximately $58 million in assets during its inaugural week. Bitwise’s accompanying research established a $562.81 price projection for the year 2030.
AI Agent Infrastructure Shapes Investment Narrative The investment case for NEAR increasingly emphasizes AI agent functionality over general blockchain applications. Grayscale characterized the network as an infrastructure for agentic commerce, enabling autonomous agents to commission work and execute payments independently.
Grayscale names NEAR among the leaders of crypto's AI sector, calling it the "platform for agentic commerce."
NEAR was co-founded by @ilblackdragon, co-author of "Attention Is All You Need," the paper that introduced the transformer: the T in ChatGPT.https://t.co/YgPoTJVoMK
— NEAR Protocol (@NEARProtocol) October 5, 2026
The analysis highlighted NEAR’s chain abstraction capabilities, which enable agents to navigate multiple blockchains with reduced complexity. Additionally, co-founder Illia Polosukhin contributed to authoring the foundational Transformer architecture paper that underpins contemporary AI models.
On September 28, NEAR AI broadened its confidential-inference capabilities through an OpenRouter collaboration. Subsequently, NEAR One introduced SPICE, an architectural approach that decouples transaction execution from consensus mechanisms to enhance network scalability.
Market analyst Altcoin Sherpa expressed a more measured perspective, stating he would prefer to see additional consolidation over one to two weeks before another upward leg, emphasizing that NEAR’s trajectory remains heavily influenced by bitcoin’s movements.
$NEAR would love to see this chop and consolidate for another 1-2 weeks and then have a strong leg up. It's going to be bitcoin dependent imo but I still think near is a great coin pic.twitter.com/U7fGmHlqOw
— Altcoin Sherpa (@AltcoinSherpa) October 6, 2026
User Base Navigates Wallet Transition NEAR’s community confronts an operational change separate from price dynamics. MyNearWallet will discontinue service on October 31, with users redirected toward Meteor Wallet or near.com alternatives.
The transition process has included assisted migration tools since August, with feature restrictions beginning this month. User assets and staking arrangements remain secured on-chain throughout the changeover.
Trading activity has maintained momentum during this transition period. NEAR experienced a retreat to the $4.70-$4.80 range on October 5 before recovering to trade between $5.19 and $5.25 the following session.
Technical resistance is positioned near $5.39 to $5.44, while support maintains at $5.13. A decisive break above resistance could establish pathways toward $5.56 and subsequently $6.00.
The weekly Relative Strength Index for NEAR moderated to approximately 75 after approaching 85 in late September. The 50-day moving average is currently positioned near $2.90, well beneath today’s trading levels.
The attacker sent the money back less than a day after NEAR Intents’ general manager posted “We have identified you, sir” along with addresses to return it to.
NEAR Intents recovers $3.8 million and closes hack probe
Posted October 5, 2026 at 5:42 am ET.
NEAR Intents, the cross-chain trading protocol hit by a $3.8 million exploit on Oct. 1, got all of the money back from the attacker on Friday and closed its investigation.
“The funds from the $3.8M NEAR Intents hack were sent back in full,” general manager Alex Shevchenko wrote on X. “We are stopping the investigation.”
The return came roughly 14 hours after Shevchenko called out the attacker in public and posted Bitcoin, BNB/Ethereum and Solana addresses for the funds. “We have identified you, sir,” he wrote, telling the attacker they knew “better than most how responsible disclosure works” and had 48 hours to use it.
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Funds Came Back Onchain The Bitcoin address Shevchenko listed took in about 34.6 BTC over several transfers between 14:31 and 15:05 UTC on Friday, according to blockchain data. That did not cover the whole loss. An onchain researcher who goes by Kuncoro estimated the bitcoin was worth about 78% of the $3.8 million and asked whether the rest came back another way. “You are right. It did indeed,” Shevchenko replied, without saying how.
About an hour after the bitcoin arrived, a transaction to the BNB/Ethereum address carried a note in its data field: “We’ve returned all the funds, we were in the wrong.”
NEAR co-founder Illia Polosukhin said the team identified “the party responsible less than 24h after the hack, established communication, and got the funds back in full” at 14:30 UTC. He credited SHIELD, the AI security layer on Intents, “along with some aggressive detective work.” Asked who did the tracing, Shevchenko answered “Internal team.” Neither executive detailed how the attacker was found.
A Bug in Omni Deposits and Withdrawals NEAR Intents halted its services on Oct. 1, blaming “a bug in the Omni deposit and withdrawal infrastructure interaction with NEAR Intents smart contract.” It pledged to make affected users whole and said a detailed report would follow.
Polosukhin wrote that day that the flaw was confined to USDT on BSC and was patched in under an hour, and that the NEAR blockchain and its token were unaffected. He said Intents handles more than $4 billion a month in trading and payments, and called this its first major exploit.
The hack hit days after NEAR Intents blocked stolen Bitget funds from moving through the protocol.
Shevchenko asked hackers to “use bug bounties instead of disrupting the services,” and Polosukhin echoed him. “They exist for a reason,” he wrote.
Related Listen: How Bitget Is Chasing $388 Million in Stolen Funds After a Zero-Day Hack
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
The NEAR Intents hacker returned the $3.8 million stolen on October 1, 2026, announced Alex Shevchenko, CEO of the crypto exchange protocol, on October 2 on X. The return happened before the expiration of the 48-hour ultimatum set to the attacker, whom the leader claimed to have identified. Cointribune cross-checked this announcement with Bitquery’s on-chain analysis: about one fifth of the loot passed through NEAR Intents itself during the theft.
In brief Night of September 30 to October 1 (UTC): 3.87M USDT withdrawn in five times from a NEAR Intents vault on BNB Chain, according to Bitquery; NEAR Intents mentions about $3.8M. October 2: the hacker returns the funds before the end of the 48-hour deadline (Alex Shevchenko, on X). As of October 1 at 2:30 PM UTC, 76% of the loot was in bitcoin (34.69 BTC) and 21% had reached KuCoin (Bitquery). The stolen amount is about 1% of the $387.5M stolen from Bitget on September 24 (Cointribune calculation, according to Bitget). How did NEAR Intents recover $3.8M in less than 48 hours? The crypto hacker sent back the funds on October 2, before the ultimatum expired, Alex Shevchenko wrote on X. The announcement comes a week after the Bitget hack, which NEAR Intents said it blocked part of the fund transfers from.
The $3.8M NEAR Intents hacking funds were fully returned. We are stopping the investigation.
According to NEAR Intents on X, a bug in the interaction between the Omni layer of deposit and withdrawal and the main smart contract (the code holding the funds) enabled the theft. The service suspended its operations, promised full compensation, and alerted authorities. Our first article about the NEAR Intents hack details these announcements.
Bitquery’s analysis details the sequence: 3,865,000 USDT withdrawn from a vault on BNB Chain, in five withdrawals over about six hours, after two tests of 10 and 11 USDT.
However, this figure does not tell the whole story. The difference with the $3.8 million announced by NEAR Intents could come from the last withdrawal of 35,000 USDT. Moreover, the detailed report promised on October 1 has not been published at this stage.
Where did the funds go after the crypto hack? As of October 1 at 2:30 PM UTC, 76% of the loot was converted into 34.69 BTC distributed across four wallets, and 21% ($802,000) had reached KuCoin deposit addresses, according to Bitquery. Investigator ZachXBT also reported a passage through KuCoin, then a transfer to Bitcoin.
Another fact noted by Bitquery: about $822,000 was exchanged via NEAR Intents during the theft, automated exchanges that do not reveal what the protocol knew, nor when.
Why did the crypto hacker return the funds? The exact reason has not been publicly established. NEAR Intents claimed to have identified the attacker and gave them 48 hours to practice responsible disclosure, meaning reporting a crypto vulnerability rather than exploiting it, in a message on X.
You know better than most people how responsible disclosure works: this is the last window to use it. After 48 hours, this window closes.
A message attached to a transaction, shared by Alex Shevchenko and apparently from the attacker, acknowledges wrongdoing and invites using the bug bounty programs (rewards for reporting vulnerabilities). The crypto hacker’s identity and the identification method have not been disclosed either.
Is the NEAR Intents hack connected to the Bitget one? At this stage, no public evidence establishes that the two crypto hacks were carried out by the same actor. Bitget suspects a North Korean group for its September 24 attack, without independent confirmation.
NEAR Intents says it blocked more than $50 million in transfers attempted by crypto wallets linked to Bitget: $503,000 frozen in execution and $166,000 passed, according to Alex Shevchenko.
NEAR Intents hack: what we know and what remains unknown ItemInformationWithdrawalsNight of September 30 to October 1 (UTC), $3.87M in five withdrawals (Bitquery)Ultimatum48-hour deadline announced by Alex ShevchenkoReturnOctober 2, before deadline, announced by Alex ShevchenkoAttacker’s identityNot public, identification method not detailedReason for the returnNot publicly establishedTechnical reportPromised, not published at the time of article writingLink with BitgetNo public evidence at this stageSources: NEAR Intents, Alex Shevchenko, Bitquery. Information available as of October 5, 2026. The sequel depends on a deadline still undetermined: the detailed report promised by NEAR Intents. It will reveal whether this hack remains an isolated incident or reveals a weakness in its cross-chain infrastructure, which covers 35 blockchains, after the crypto hacks in September.
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Ariela R.
My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Bitwise NEAR ETF od spuštění nasbíral kumulativní čisté přílivy přes 50 milionů USD. NEAR Protocol uvedl, že zájem přichází hlavně od institucionálních investorů.
NEAR Protocol announced that the newly launched Bitwise NEAR ETF has recorded cumulative net inflows exceeding $50 million, noting that institutional investors are opting for NEAR. Relevant data shows the ETF began trading on September 29, and as of September 30, its cumulative net inflows have topped $50 million.
Relevant content
Blast has officially announced its shutdown, Upbit has placed the BLAST token on its watchlist, and BLAST has dropped more than 25%.
According to HTX market data, Layer 2 network Blast announced it will cease operations as its network revenue is insufficient to cover maintenance costs. Following the announcement, two major South Korean crypto exchanges, Upbit and Bithumb, have added BLAST to their trading watchlists. The token has fallen more than 25% overall, currently trading at $0.000294, with a market capitalization of approximately $20 million.
7 hours ago
Cryptocurrency exchange Bithumb has added BLAST to its trading attention list, as Blast announces plans to end mainnet operations.
According to an announcement from crypto exchange Bithumb, the platform added BLAST to its trading watchlist on October 3. The notice noted that since the BLAST Foundation announced plans to end mainnet operations, Bithumb deemed it necessary to further verify the sustainability of the project’s related business, actual progress, and impacts on the token’s use cases, purposes, and functions. To protect user interests, BLAST was placed on the trading watchlist. Bithumb specified that BLAST’s watchlist placement took effect on October 3, with deposits suspended at 1:30 that day. Whether BLAST will be removed from the watchlist or its trading support terminated will be announced between October 12 and 16, the third week of October.
7 hours ago
The HIP-3 auction has added two new lots: GLW and GDX, with a total payment of 1107.25 HYPE.
According to Hyperliquid HIP-3 auction information, two new assets—GLW and GDX—were added on October 1, with a total of 1107.25 HYPE paid. Details: GLW corresponds to Corning, deployed by TradeXYZ, with contract code xyz. Its auction took place at 14:41 on October 1, with a transaction fee of 545.97 HYPE. GDX corresponds to the VanEck Gold Miners ETF, also deployed by TradeXYZ, with contract code xyz:GDX, and its transaction fee amounted to 561.28 HYPE.
7 hours ago
A crypto whale’s 10x long position on WLD has generated an approximate return of 655%.
According to TradingBeats monitoring, Hyperliquid whale address 0x77ee currently holds around 10.23 million WLD long positions, with a 10x full position, an average entry price of approximately $0.35, cumulative unrealized profit of roughly $2.34 million, and a position return rate of about 655%. The address has held these WLD long positions since late May, with a holding period exceeding four months. The mark price of WLD perpetual contracts on Hyperliquid is currently reported at $0.58, up roughly 15.2% in the past 24 hours.
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Spot silver has fallen below the $60 threshold, currently trading at $59.916.
According to Bitget's market data, spot silver has fallen below the key psychological threshold of $60 per ounce, currently trading at $59.916, down 1.75% on the day.
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A crypto whale unstakes 956,600 SOL, valued at approximately $116 million.
According to Whale Alert, at 23:01 Beijing time today, an unknown wallet un-staked 956,610 SOL, valued at approximately $115.62 million.
Spoluzakladatel Aurora Alex Shevchenko tvrdí, že identifikoval hackera NEAR Intents a dal mu 48 hodin na vrácení 3,8 milionu dolarů. Veřejně uvedl adresy pro Bitcoin, BNB Chain, Ethereum i Solanu.
Aurora co-founder Alex Shevchenko says his team has identified the NEAR Intents hacker. He gave the attacker 48 hours to return funds from the $3.8 million exploit.
The public ultimatum lists Bitcoin, BNB Chain, Ethereum, and Solana addresses for repayment. However, Shevchenko made a similar claim after another NEAR exploit earlier this year.
Will the NEAR Intents Hacker Take the Exit Offer?
We have identified you, sir.
Please return the funds to the following addresses:
— Alex Shevchenko 🇺🇦 (@AlexAuroraDev) October 2, 2026
Shevchenko posted the warning a day after the NEAR Intents hack, which hit the cross-chain swap service on October 1. Aurora runs an Ethereum-compatible network on top of NEAR Protocol.
NEAR Price Performance (1M). Source: BeInCryptoIn his post, Shevchenko addressed the attacker directly and listed three wallets. One of them covers both BNB Chain and Ethereum, since the two networks share the same address format.
Shevchenko’s post also points the attacker toward responsible disclosure. That practice lets hackers report flaws privately, often in exchange for a bounty.
He added that the attacker knows how that process works “better than most.” According to Shevchenko, the 48-hour deadline is the final chance to take that route.
Notably, Shevchenko did not name the NEAR Intents hacker or explain how his team traced them. He also did not say what happens once the deadline passes.
Why the Rhea Finance Case Matters HereIn April, Rhea Finance, a decentralized finance (DeFi) hub on NEAR, lost $18.4 million in an exploit, according to QuillAudits. Initial estimates of the Rhea Finance exploit put the damage at $7.6 million.
Shevchenko then publicly confirmed that the attacker had been identified, the security firm says.
Later, the attacker returned about 3.36 million USDC, 1.56 million NEAR, and roughly $4.4 million in Zcash (ZEC), among other assets. In addition, Tether froze about $3.29 million in USDT tied to the attack.
Those returns and freezes left a shortfall of about $400,000, which the Rhea team has committed to cover.
Two exploits on NEAR-linked services within six months raise questions about the ecosystem’s security. However, the Rhea case shows that a public warning can precede large returns. If the NEAR Intents hacker also returns the funds, public identification threats could become a standard recovery tool across DeFi.
A new push to tighten NEAR's token supply@sal_ternullo, CEO of Nasdaq-listed @svrn_ai, has put forward a proposal to reduce @NEARProtocol's maximum annual inflation rate from 2.5% to 1.6%, phased in gradually every epoch over 24 months. Under the plan, staking yield would fall from roughly 5.4% to around 3.5%. A vote through the House of Stake governance body is expected next week.
The proposal is the latest step in an ongoing effort to tighten $NEAR's token economics. NEAR Protocol previously reduced its inflation rate from 5% to 2.5% in October 2025, a move that generated considerable debate about how the network reaches and enforces major decisions. Ternullo's new proposal would push issuance down further still.
The rationale laid out in the governance forum is straightforward. At 2.5%, the protocol is currently adding roughly 89,500 new $NEAR to supply every day, yet 58.7% of NEAR is not staked, meaning the majority of holders are being diluted and receiving nothing in return. Over a six-year horizon, the proposed reduction would avoid approximately 66 million NEAR of new issuance, equivalent to around $329 million at current prices.
Beyond the near-term numbers, Ternullo has flagged a longer-term ambition: steering NEAR toward a fixed token supply over time. He has described this as a directional goal rather than a formal proposal, but it signals how he views the protocol's trajectory.
SVRN's stake gives its voice weightThe proposal carries institutional weight. SVRN currently holds more than 55 million $NEAR tokens, making it one of the largest single holders in the ecosystem. That position gives its governance views real consequence for any vote outcome. Notably, Ternullo disclosed that the issuance cut would reduce SVRN's own staking revenue by roughly 970,000 NEAR per year.
SVRN is the only Nasdaq-listed treasury company built around NEAR, and belongs to a new class of public companies that give investors direct, single-asset exposure to a digital asset network. Its stated target is to accumulate toward 10% of NEAR's total supply.
Early reactions on the NEAR governance forum are mixed. Supporters argue that lower inflation reduces sell pressure and better aligns incentives, while critics are likely to weigh the impact on staking returns and validator economics. A House of Stake vote is not the final step either: validators would still need to adopt the change through the normal protocol upgrade process, the same path taken during the 2025 halving. The upcoming vote will provide the first formal read on where the community stands.
Sources
NEAR Governance Forum: Reducing Issuance to 1.6% and the Path to a Fixed Supply
Nasdaq: SVRN, Inc. Completes Its Corporate Transformation
The Defiant: NEAR Protocol Halving Upgrade and Community Vote
NEAR Intents se po exploitu za 3,8 milionu USD vrátil online, část řetězců ale zůstává v omezeném provozu. NEAR Protocol zároveň zavede formální verifikaci do procesu vydávání kódu.
@near_intents is back online following a $3.8 million exploit on October 1, 2026, though several chains remain under restricted service while repairs continue. The incident has prompted @NEARProtocol co-founder @ilblackdragon to lay out a set of measures aimed at hardening the protocol against future attacks.
How the exploit unfolded According to the NEAR Intents team, the breach stemmed from a bug in the way the NEAR Intents smart contract interacted with the Omni deposit and withdrawal infrastructure. The team confirmed a total loss of roughly $3.8 million and pledged to reimburse every affected user in full. The NEAR token fell sharply in the immediate aftermath, sliding from around $5.50 to $4.70 as investors digested the news.
Before the protocol was paused, SHIELD, an AI-powered monitoring layer built into NEAR Intents, flagged the unusual activity. SHIELD works by pulling signals from know-your-transaction providers, independent researchers, and industry partners to identify transactions linked to known exploits or suspicious behavioral patterns. The system had already demonstrated its value days earlier, when it intercepted more than $50 million in attempted laundering flows tied to the separate Bitget breach.
What comes next for NEAR Protocol security Illia Polosukhin said the @NEARProtocol ecosystem will add formal verification to its release process. Formal verification uses mathematical logic to prove that code behaves correctly for every possible input, offering a stronger guarantee than conventional testing or manual audits alone. As security firm Nethermind notes, it provides "the strongest possible correctness and security guarantees" for protocols that handle significant on-chain value, where exploits can lead to immediate and irreversible losses.
Polosukhin also invited other development teams to join the SHIELD network and contribute threat intelligence, with the goal of shortening the time between detection and response across the wider ecosystem. The call reflects a broader push in the industry to treat security monitoring as a shared resource rather than a competitive advantage held by individual protocols.
With more than $25 billion in lifetime trading volume processed through NEAR Intents, the protocol's scale makes robust security infrastructure a necessity rather than an optional addition.
Sources:
NEAR Intents Exploit Drains $3.8 Million as 11 Networks Face Restrictions (Cryptometer)
NEAR Intents Exploit: $3.8M Drained, Full Refund Promised (Airdrop Alert)
Formal Verification for Blockchain and Smart Contracts (Nethermind)
NEAR Intents po exploitu přišel asi o 3,8 milionu USD a zastavil vklady i výběry na 11 sítích. Tým tvrdí, že chyba byla v jeho infrastruktuře, ne v samotném blockchainu NEAR.
NEAR Intents, a cross-chain swap service built on NEAR Protocol (NEAR), lost about $3.8 million to an exploit on Thursday. The NEAR token fell 8.6% within hours, although the underlying blockchain was not named as the target.
The hack landed two days after Bitwise opened the first US spot NEAR exchange-traded fund (ETF). Bitwise pitched that fund partly on NEAR Intents, which it says has processed over $32 billion in swaps.
How the NEAR Intents Hack HappenedNEAR Intents lets users swap a token on one blockchain for a token on another. Users state the trade they want, and outside market makers compete to fill it.
The team said a bug caused the loss. The flaw sat in how its Omni deposit and withdrawal system interacted with the NEAR Intents smart contract, the self-running code that records each swap.
Earlier today NEAR Intents services were stopped after a security incident was detected. The incident was caused by a bug in the Omni deposit and withdrawal infrastructure interaction with NEAR Intents smart contract.
The preliminary report indicates the total loss of…
— NEAR Intents (@near_intents) October 1, 2026 On-chain investigator ZachXBT flagged the attack, saying the service’s hot wallet on BNB Chain, an online wallet used to pay out withdrawals, saw several unusual outflows before it stopped processing transactions.
The stolen funds went straight to crypto exchange KuCoin and were converted into Bitcoin (BTC), according to ZachXBT.
ZachXBT flagged irregular BSC hot wallet outflows linked to the exploit.NEAR Intents said it has patched the contract flaw and will compensate affected users in full. It has also reported the incident to law enforcement.
Is NEAR Protocol Safe After the $3.8 Million Hack?Deposits and withdrawals remain paused for about 12 more hours on 11 networks. These include BNB Chain, Polygon, TON, Optimism, Avalanche, Stellar, Monad, X Layer, ADI, Scroll, and Plasma.
Neither the official statement nor ZachXBT’s alert reports any loss from the NEAR blockchain itself. Both point to the swap service’s bridge and its BNB Chain wallet.
Users holding assets from the paused chains inside NEAR Intents can still swap them into other tokens once core service resumes, the team said.
Meanwhile, NEAR traded at $4.92 at press time, with a market value near $6.4 billion. The token had climbed about 175% in September ahead of the Bitwise NEAR ETF launch.
NEAR Price Performance. Source: BeInCryptoIt is the second major exploit in the NEAR ecosystem this year, after Rhea Finance lost $7.6 million in April. NEAR Intents has promised a full technical report in the coming days.
Bitwise spustil první americké spotové ETF na NEAR, které se začalo obchodovat na NYSE Arca 29. září pod tickerem NRR. NEAR přitom za 24 hodin klesl o 4,62 % na zhruba 4,97 USD.
NEAR Protocol Price traded near $4.97 on September 29, down 4.62% over 24 hours.
NEAR price gained more than 15% this week. The token held above $4.90 as Bitwise introduced the first U.S. spot exchange-traded product tracking NEAR.
The broader crypto market rose 0.69% to $2.9 trillion during the same period. Bitcoin hovered around $84,000, Ether traded near $2,700, XRP stood above $1.50, and Solana price held above $120. That firmer backdrop offered some support, although NEAR still faced selling pressure around the $5.00 level.
Bitwise Launches First Spot ETF Bitwise said its NEAR ETF began trading on NYSE Arca on September 29 under the ticker NRR. The product holds NEAR directly, giving shareholders exposure through a conventional brokerage account. Shares trade during regular exchange hours. Its annual management fee is 0.75%, according to the fund manager.
Bitwise also intends to stake the fund’s tokens through its own institutional team. The company cited a current network staking rate of approximately 5%, though actual rewards can change. Those rewards accrue to the fund’s value instead of providing shareholders with a fixed cash payment.
The Bitwise NEAR ETF ($NRR), the first spot $NEAR ETP in the US, is now trading on NYSE Arca.
It gives institutions straightforward access to the protocol powering universal markets, the privacy renaissance, and user-owned AI. https://t.co/qqraopVABm pic.twitter.com/IwiqcZqohh
— NEAR Protocol (@NEARProtocol) September 29, 2026
The launch extends Bitwise’s single-asset lineup beyond Bitcoin and Ether to several other crypto assets. Its existing products include funds tied to Solana, XRP, and Hyperliquid. Still, the listing alone does not establish how much fresh capital NRR will attract.
Bitwise has emphasized NEAR’s role in transactions involving artificial intelligence agents. The company said NEAR Intents has processed more than $32 billion in cumulative volume. That compares with less than $1 billion roughly one year earlier, according to Bitwise.
NEAR Protocol Price Prediction: Will $5.00 Open a Move Toward $6.00? A four-hour reading placed NEAR around $4.93, with its active candle up 0.35%. The smaller rebound followed a sharp September advance from roughly $2.00 to above $5.00. Traders now face a test of whether that earlier climb can hold after the latest pullback.
A sustained four-hour close above $5.00 would improve the case for another challenge of $5.30. Clearing that recent high could then bring the marked $6.00 target into view as per the future NEAR outlook.
Source: TradingView The four-hour relative strength index stood at 51.57, close to neutral territory. Meanwhile, the MACD line remained below its signal line, and the histogram stayed negative.
If NEAR Protocol Price cannot reclaim $5.00, attention shifts toward the recent $4.70 area. A break beneath that level could expose support around $4.50.
Bitwise odhaduje, že NEAR může do roku 2030 dosáhnout 155,85 USD v základním scénáři a až 562,81 USD v maximálním scénáři. Zároveň podal konečný prospekt pro spotové NEAR ETF s tickerem NRR.
Bitwise has put a hard institutional number on NEAR Protocol. In a 39-page investment report, Bitwise CIO Matt Hougan and Head of Research Europe Andre Dragosch set a base case of $155.85 by 2030. The max case reaches $562.81.
The bear case falls to $1.63. That report landed the same week Bitwise filed the final prospectus for its U.S. spot NEAR ETF, ticker NRR, on NYSE Arca, carrying a 0.75% fee and 100% staking intent.
How Bitwise Built the $155 Model From a spot price near $5, the base case implies roughly 30x upside. The max case is more than 100x. But Bitwise is explicit.
The base case assumes successful execution, not a midpoint probability. The Bitwise NEAR ETF listing on NYSE Arca gave that thesis a tradeable wrapper just days before the report went public.
The math rests on one central bet: NEAR becomes the settlement rail for autonomous AI agents. Bitwise models 328 million agents on the network by 2030.
Each runs 1,000 transactions per year at a $5 average value. A 0.3% protocol fee flows back to token holders.
Stack a 50x valuation multiple on top, and the model produces $155.85 per token.
That 328 million figure is roughly 2% of a projected global agent population of 16.4 billion by 2030. The max case, comparing NEAR to Visa’s $15.7 trillion in 2024 payments, gets to $562.81.
Already, NEAR Intents as an AI-agent marketplace has routed roughly $30 billion in cross-chain volume, giving Bitwise a live proof of concept to anchor the forecast.
Bitwise also flags ecosystem catalysts that underpin the thesis. Ondo tokenized stocks on near.com, covering Tesla, NVIDIA, Apple, and QQQ, brings real TradFi volume through NEAR Intents.
Meanwhile, the confidential perps launch via Hyperliquid helped push NEAR TVL above $207 million and triggered a 70% weekly rally heading into the ETF window.
The ETF Adds Wall Street Access, But Risks Remain The NRR ETF turns the Bitwise forecast into a brokerage-account trade. Staking added to the NEAR ETF filing means the trust retains roughly 67% of staking rewards.
That staking float, combined with inflows, could tighten liquid supply further. Bitwise’s European NEAR Staking ETP already crossed $100 million AUM ahead of the U.S. launch.
Macro sentiment adds another layer with Trump’s expected White House announcement spanning AI policy and US-China trade terms, institutional allocators are watching for regulatory signals that could either accelerate or complicate the agent-economy thesis underlying Bitwise’s forecast.
The same house writing $155 earns 75 bps annually on NRR. Beyond that, Arthur Hayes on AI-agent money presents the central counter-argument, that agents may ultimately settle in compute-linked currencies rather than general-purpose L1 tokens.
Grayscale’s competing NEAR ETF filing further signals institutional appetite, but also means Bitwise will not be alone in shaping the narrative.
NEAR Foundation’s $20M AI agent fund adds ecosystem capital behind the same adoption curve Bitwise is betting on.
For context on how similar high-conviction 2030 calls have been framed elsewhere, Standard Chartered’s 40x UNI call follows comparable methodology, institutional valuation on a protocol’s fee-capture potential.
The NEAR Protocol price prediction tracker on CoinGape will be updated as NRR’s first-week flows and NEAR Intents volume data come in.
Bitwise NEAR ETF cleared to list and trade on NYSE Arca under the ticker NRR. The first spot exchange-traded fund linked to Near Protocol is expected to launch soon. NEAR price is expected to surge, extending the 36% rally in the past week.
Bitwise Gets Approval for its NEAR ETF Bitwise’s application to list and trade the shares of its NEAR ETF is approved by NYSE Arca. The S-1 registration statement for the spot exchange-traded fund is effective under Section 12(b) of the Exchange Act.
As CoinGape reported earlier, the crypto fund manager filed with the US SEC to list and trade Bitwise NEAR ETF on NYSE Arca under the ticker symbol NRR. It aims to offer regulated exposure to Near Protocol tokens held by the trust and additional rewards through staking.
Bitwise NEAR ETF has a management fee of 0.75%. The issuer intends to stake 100% of NEAR. “The Staking Expenses will equal 33% of the amount of the additional NEAR generated by the staking of the Trust’s NEAR,” as per registration.
Also, Bitwise Asset Management earlier purchased $200 worth of shares, receiving 8 shares at $25 each. Now, Bitwise Investment Manager is expected to purchase 20,000 initial shares for $500,000.
In addition, the crypto asset manager has filed 424(b)(3) prospectus. Issuers typically use the form once a registration statement is effective and the product is ready for offering to investors. The Bitwise NEAR ETF is expected to launch next week, pending CERT and other filings.
NEAR Price on a Massive Rally NEAR price has skyrocketed 20% in 24 hours, with an 11% jump coming in the last few hours. The price is currently trading at $5, after hitting a 24-hour high of $5.05. NEAR price has rallied almost 175%, with TVL surpassing $210 million.
Furthermore, trading volume has dropped 33% over the last 24 hours, indicating traders remain cautious despite Iran’s proposal to the US to reopen the Strait of Hormuz and end the war.
CoinGlass data showed massive buying in the derivatives market. The total NEAR futures open interest jumped almost 15% to $1.49 billion in the last 24 hours. At the time of writing, the futures OI has climbed almost 10% in the last 4 hours, signaling bullish sentiment among derivatives traders.
Traders looking to take advantage of these market swings can evaluate the features and fee structures of the best crypto futures trading platforms.
NEAR se objevil na spotovém trhu Hyperliquid, kde se nyní obchoduje i vůči USDC vedle už aktivního perpetual trhu. Po spuštění se držel kolem 4,33 USD.
NEAR Protocol has gained a new trading catalyst after its native token was deployed on Hyperliquid’s spot market, opening NEAR/USDC trading alongside an already active perpetual futures market.
Summary
NEAR spot trading has gone live on Hyperliquid, giving users direct access to NEAR/USDC alongside the platform’s existing perpetual market. NEAR perpetual open interest on Hyperliquid stood near $344 million as the token traded above $4 following a strong weekly rally. Positive funding showed long positions were paying shorts, while new spot activity could provide a clearer picture of demand beyond leveraged trading. NEAR’s rally has coincided with growth in Confidential Intents and several recent integrations across its ecosystem. According to NEAR Protocol’s Sept. 23 announcement, users can now trade NEAR against USDC on Hyperliquid, although the token will take several more days to appear on the platform’s Strict List under its normal deployment process.
NEAR traded near $4.33 following the launch, close to its recent 52 week high of $4.46. The token has risen strongly over the past week after changing hands near $3 in mid September, with several network developments arriving during the rally.
Spot access on Hyperliquid adds another market for direct NEAR purchases at a time when derivatives traders already have substantial exposure to the token. Hyperliquid data compiled by HyperAcademy showed NEAR perpetual open interest at roughly $344.2 million early on Sept. 23, while 24 hour volume stood near $269.1 million.
Funding was positive at 0.0017% per hour during the same snapshot, indicating that long positions were paying shorts. Hyperliquid allows up to 10 times leverage on its NEAR perpetual contract.
NEAR price rally meets heavy derivatives activity NEAR’s move onto Hyperliquid spot comes after the token recorded one of its strongest weekly runs this year.
On Sept. 17, NEAR traded near $3.05 after gaining 20.8% in 24 hours, leading gains among several large AI linked crypto assets. The token has since moved above $4, putting it roughly 40% above the Sept. 17 level.
Derivatives activity has grown alongside the rally. NEAR perpetuals ranked among Hyperliquid’s most heavily traded markets on Sept. 23, with roughly $248 million in 24 hour volume in a later market snapshot.
Spot trading creates a separate route for Hyperliquid users who want to hold NEAR without taking leveraged perpetual positions. It gives market makers access to NEAR spot and perpetual markets on the same platform, where positions can be hedged between the two markets.
Price action following the deployment will provide more data on whether spot demand can keep pace with the derivatives activity already surrounding NEAR. Open interest remains particularly important after the recent rally because a large leveraged market can produce heavier liquidations when price moves quickly in either direction.
Positive funding shows that traders were paying to maintain long exposure at the latest reading. A continued rise in open interest accompanied by heavily positive funding could leave leveraged long positions more exposed during a price reversal, while stronger spot volume would show that trading activity is not confined to perpetual contracts.
NEAR Confidential Intents activity has grown The Hyperliquid deployment follows several developments around NEAR’s cross chain infrastructure.
NEAR’s confidential total value locked crossed $70 million on Sept. 17, automatically triggering the first snapshot under its incentive program, crypto.news previously reported.
The snapshot set aside 333,333 milestone tokens for eligible users. Participants must maintain more than $100 in confidential balances and have an active swap history, while individual wallets are limited to 2% of the distribution.
Rewards from the first snapshot remain locked until NEAR’s three day volume weighted average price reaches at least $3.33. NEAR has since moved above that price threshold.
Confidential Intents routes transactions through a private NEAR shard and supports execution across more than 30 connected blockchains. NEAR said the system is designed to prevent transactions from appearing in public mempools, limiting exposure to front running, strategy leakage and other forms of maximal extractable value.
Activity connected to NEAR Intents has continued elsewhere in the ecosystem. Aurora Labs said its solver network has routed more than $30 billion after adding Sui as a destination for one signature cross chain transactions.
NEAR Intents solvers were later used to convert assets during a Zcash NFT auction, where more than $19 million passed through Aurora Intents across 1,718 swaps.
Hyperliquid spot listing follows another NEAR integration NEAR’s latest Hyperliquid deployment comes as the platform handles billions of dollars in daily derivatives trading.
Hyperliquid generated $429.04 million in revenue between Jan. 1 and Sept. 15, giving it 12.62% of the $3.40 billion revenue pool in CoinGecko’s adjusted comparison of crypto projects. The platform finished more than $106 million ahead of Pump.fun at the Sept. 15 cutoff.
Trading activity has remained concentrated in perpetual futures. Data cited in September showed Hyperliquid recording nearly $237 billion in perpetual trading volume over a 30 day period as more companies began using its infrastructure.
The platform has continued adding trading functions during the same period. Trailing stop orders became available for perpetual markets on Sept. 21, allowing traders to set triggers that follow favorable movements in the mark price before executing a market order after a chosen retracement.
For NEAR, spot deployment now places direct token trading beside the leveraged market that has already accumulated more than $300 million in open positions.
NEAR ecosystem adds tokenized stocks through Ondo Another NEAR integration arrived one day before the Hyperliquid spot deployment.
NEAR partnered with Ondo Finance to add 20 tokenized assets through near.com and NEAR Intents. The initial selection includes tokenized exposure to Tesla, Nvidia, Apple, Microsoft and Amazon, along with products tied to QQQ, silver and gold.
Eligible users can route supported crypto assets from more than 30 connected blockchains into Ondo Stocks through NEAR Intents without opening a separate brokerage account. Bitcoin and USDC are among the assets that can be used to fund purchases.
Access remains subject to Ondo’s securities restrictions, with U.S. persons excluded from the product. Ondo said the tokenized assets are issued through its Global Markets infrastructure, while NEAR Intents handles the cross chain routing used to reach them.
Bitwise says its NEAR fund has passed $100 million. The fund holds 25.2 million NEAR tokens. At Tuesday’s price those tokens are worth about $116 million. A month ago the same pile was worth half that.
The token did the work, with NEAR price up 135% in 30 days. Bitwise needed no new investors at all to cross the $100 million line.
NEAR’s Rally Did Most of the LiftingThe Bitwise NEAR Staking ETP listed in Frankfurt in July 2025. Europeans buy it like a share. It holds NEAR for them and stakes it, which means locking tokens to help run the network in return for newly issued ones.
Each unit is a claim on about 5.18 NEAR. Units are the honest measure of demand. Token values rise and fall with the market. Unit counts only rise when somebody buys.
An independent administrator counted 4,882,271 units on September 17. Bitwise’s page showed 4,912,271 on Tuesday. That is 30,000 new units, a rise of 0.6%, worth about $639,000.
Over the same month the value of each unit rose 107%. NEAR itself gained 135% in 30 days, according to NEAR market data.
NEAR Price Performance. Source: BeInCrypto “A milestone for another of our European products: the Bitwise NEAR Staking ETP has passed USD 100 million in assets under management.,” Bitwise Europe shared.
What Investors Pay and What They Were PromisedThe fund charges 0.85% a year. Bitwise also keeps 33% of the staking rewards. Investors take the other 67%.
At launch Bitwise advertised a net staking return of 5.5%. The current factsheet shows 3.01%. Network rewards fell. The cut did not. Bitwise’s recent inflows have leaned on products that pay a yield.
“100m in NEAR Bitwise ETP. Gud milestone since launching it a year ago in Frankfurt,” said Illia Polosukhin, co-founder of NEAR Protocol.
A US version is still waiting. A September 16 filing names the Bitwise NEAR ETF, ticker NRR, for NYSE Arca. Regulators have not approved it.
NEAR Protocol spustil Top-Level Accounts a Recovery Keys, aby zjednodušil adresy a snížil riziko trvalé ztráty přístupu při ztrátě privátního klíče. Nové účty mohou držet prostředky, stakovat i pracovat se smart kontrakty.
Readable Accounts and a Safety Net for Lost KeysNEAR Protocol has rolled out two significant account features: Top Level Accounts and Recovery Keys. Together, they aim to fix two of the most persistent pain points in blockchain usability, clunky wallet addresses and the permanent loss of funds when a private key goes missing.
Top Level Accounts give users readable, human-friendly names that function as full NEAR accounts rather than cryptographic strings. These accounts are not just labels. They can hold funds, interact with smart contracts, participate in staking, and connect with decentralised applications, making them fully functional on-chain identities.
On the recovery side, This opt-in mechanism represents a meaningful shift from the industry norm, where losing a private key has historically meant permanent loss of access.
Safeguards Against Unauthorised RecoveryNEAR has been deliberate about preventing the recovery system from becoming an attack vector. A recovery request must clear several layers of protection before control can be transferred anywhere. Those safeguards include an official recovery flow, a timelock period, and sign-off from independent watchers who monitor requests for suspicious activity.
Critically, NEAR says a user-initiated freeze cannot be overridden by the recovery process. That means if an account holder locks their account, no recovery request, however well-formed, can bypass that instruction. The design puts the account owner in control of the final word.
The features arrive as NEAR continues to invest heavily in account-level infrastructure. a design choice that has also supported the protocol's broader push toward post-quantum security.
For everyday users, the combination of readable names and a structured recovery path removes two of the steepest barriers to self-custody: the complexity of raw addresses and the existential risk of a single lost key.
Sources:
Coinfomania: NEAR Protocol Launches Top Level Accounts
Crypto Times: NEAR Plans Post-Quantum Safe Signing
PR Newswire: NEAR Protocol Brings Quantum-Safe Signing to Mainnet
NEAR za sedm dní vzrostl o 78,2 % a táhne ho hlavně NEAR Intents s kumulovaným objemem 29,3 miliardy dolarů. Za posledních sedm dní přidal dalších 842 milionů dolarů.
According to CoinGecko data, the NEAR token has just achieved one of the most remarkable performances in the crypto market. In just one week, this digital asset saw its value increase by nearly 80%. Behind this movement, one data point particularly catches the attention of investors and crypto analysts: NEAR Intents surpasses 29.3 billion dollars in cumulative volume.
In brief The value of the crypto NEAR increases by 78.2% over seven days as of September 21. NEAR Intents shows 29.3 billion dollars of cumulative volume. The Intents volume reaches 842 million dollars over the last seven days. The confidential TVL of near.com exceeds 70 million dollars. ZODL is among the main sources of Intents volume. Crypto NEAR: a 78.2% jump that crushes the market Monday, September 21, 2026, the NEAR token was trading around $4.29. At the time of writing this article, its price is about $4.36 with a slight decrease.
According to CoinGecko data, the NEAR crypto records an increase of:
78.2% over seven days; 22% over the last 24 hours. By comparison, the total market capitalization of crypto only grew about 6% during the same period. In other words, NEAR does not follow the general trend: it shatters it. Analysts agree on one point: the current NEAR momentum cannot be attributed solely to a generalized rebound of digital assets. This crypto token appears to have its own catalysts.
Good to know: NEAR is now among the top AI cryptos of 2026.
NEAR bets on the privacy of its crypto transactions Thursday, September 18, 2026, NEAR Protocol made an important announcement: deposits related to perpetual contract trading on near.com are now confidential by default. The same applies to withdrawals.
Specifically, this new crypto feature hides the link between a trader’s funding wallet and their dedicated account on Hyperliquid. In other words, no more easy traceability between the money going in and the positions coming out.
That’s not all! On the same day, near.com announced via an official press release that its confidential TVL (total value locked under this new mechanism) exceeds 70 million dollars. This threshold triggered the very first “snapshot” of the [email protected] program. It is an incentive device that allocates 333,333 tokens for its first distribution. The principle is simple: these crypto assets unlock and convert to NEAR only if the volume-weighted average price (VWAP) over three days reaches at least $3.33.
NEAR Intents nears 30 billion dollars, Zcash enters the equation NEAR Intents allows users to request cross-chain swaps. This crypto mechanism is based on a simple concept: several market makers compete to execute the best possible execution.
Monday, September 21, 2026, the official NEAR Intents explorer shows about 29.3 billion dollars in cumulative volume. 842 million dollars were generated in just the last week. This information is particularly important as ZODL ranks as the third largest volume contributor over 24 hours. Focused on privacy, this crypto wallet specialized in Zcash displays approximately 3.8 million dollars spread over 458 transactions. A single swap of about $613,000 in ZEC was also among the largest crypto transactions of the day on the explorer.
Camran Khosravi, analyst at Bitwise, summarizes the relationship between the two crypto networks in a simple phrase: NEAR and Zcash are complements. According to him, NEAR offers ZEC holders:
a confidential cross-chain infrastructure; access to liquidity. However, he points out an important nuance: the TVL of NEAR Intents can mechanically rise when the price of ZEC already deposited in the system increases (even without new deposits). A detail worth keeping in mind before crying structural volume explosion!
Beyond crypto trading: NEAR AI also focuses on privacy This shift towards privacy is not limited to crypto exchanges. As early as July, NEAR AI launched a payment system based on staking. Users can now stake their NEAR tokens to receive credits. This allows them access to confidential AI inference and agent hosting. At the same time, they retain ownership of their underlying tokens.
One question remains open: does this price surge hold over time or is it a hype related to the novelty of the product? Already, crypto experts agree on one point: the next test for NEAR will be less spectacular than the 78.2% figure. In reality, the crypto market will need to verify if the use of NEAR Intents continues to grow after the announcement effect. The same goes for cross-chain liquidity and privacy features.
The trajectory of this crypto will therefore depend on several very concrete indicators:
actual volumes; use of the infrastructure; trader activity; new flows; NEAR’s ability to transform its products into recurring usage. In any case, NEAR has proven that a clear bet on privacy can launch a crypto in just a few days. It remains to be seen if the link built with Zcash and the rise of Intents will be enough to turn this flash in the pan into a lasting trend or if the crypto market will quickly return to a calmer pace.
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Ariela R.
My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
NEAR Intents spustil limitní příkazy pro swapy napříč více než 30 blockchainy. Uživatelé si mohou nastavit cílovou cenu a objednávky se mohou plnit po částech. Funkce byla spuštěna 21. září 2026.
@NEARProtocol has switched on limit orders for NEAR Intents, giving users direct control over their swap price across more than 30 blockchains. The feature is available to any wallet or app through the protocol's 1Click Swap API and went live on September 21, 2026.
How the Limit Order Feature Works With the update, users set a target price and submit their order. Orders can be filled in parts rather than requiring a single counterparty to take the full amount, and they remain open for up to seven days by default. The flexibility on partial fills means a large order can be satisfied incrementally as liquidity becomes available, reducing the pressure to accept a worse rate just to get a trade done.
According to the NEAR Intents developer documentation, the 1Click Swap API is a REST interface that automates routing and settlement. It requests quotes from market makers, constructs the swap, and tracks execution, with assets moving to a quote-specific deposit address and settling on-chain. The API does not take custody of user funds at any point.
Confidential Execution and What Comes Next Every limit order placed through NEAR Intents runs as a confidential swap. NEAR's Confidential Intents framework executes swaps in a restricted-visibility environment before settlement, designed to limit MEV and front-running. Because transaction details are processed privately before being finalised on-chain, bots cannot read a pending order and trade ahead of it, a common problem in public DeFi markets.
The confidential model also supports selective disclosure, meaning users can provide auditable proof to regulators without exposing their full trading history publicly. That compliance-aware design has been seen as a meaningful step toward attracting institutional flow to on-chain venues.
A native integration for the near.com app is in development and expected to follow. Once live, it will bring the limit order functionality directly to users of NEAR's own interface without requiring a third-party wallet or API connection.
The 1Click Swap API is already embedded across a growing list of wallets and apps. Earlier this year, Unstoppable Wallet integrated the API across its app, Telegram bot, and web interface, and NEAR Intents has previously enabled cross-chain coverage for networks including Ethereum, Solana, Bitcoin, Arbitrum, Base, and Starknet.
Sources:
NEAR Intents: 1Click Swap API Documentation
NEAR Protocol: Confidential Intents Blog Post
LeoDex: What Is NEAR Intents? The Cross-Chain Swap Protocol Explained
NEAR Intents, the intent-based cross-chain execution layer built on NEAR Protocol, has crossed $169 million in total value locked across 26 different blockchain networks. That figure represents a 77.2% increase over the past 30 days, according to DefiLlama data.
Where the money sits Not all 26 chains are pulling equal weight. NEAR’s own chain holds roughly 52% of the total TVL, translating to approximately $87.23 million. Ethereum comes in second at around $45.89 million, with the remaining capital distributed across networks including Tron, Bitcoin, and BSC.
The DefiLlama snapshot places TVL at $167.55 million, while Dune Analytics recorded a daily figure of approximately $169.05 million on September 16. The slight variance between sources is standard for DeFi tracking, where measurement timing and methodology differences create small discrepancies.
How intents-based execution works Traditional cross-chain swaps require users to navigate bridges, select routes, and manage gas fees across multiple networks. Intents-based protocols flip that model. Users declare what they want to accomplish, a destination token and amount, and a network of solvers competes to fulfill that intent as efficiently as possible. The user doesn’t need to know which bridge gets used or how many intermediate hops the transaction takes.
NEAR Intents adds another layer to this by supporting both public and confidential transaction modes. The privacy-preserving option lets users execute cross-chain transfers without exposing transaction details on-chain.
Revenue and volume tell a deeper story NEAR Intents generated approximately $5.87 million in fees over the trailing 30-day period, with $1.29 million flowing directly to protocol revenue. Cumulative transaction volume has reached into the tens of billions.
What’s driving the growth The integration with various wallets and aggregators has expanded its distribution surface, making NEAR Intents accessible to users who may never visit the protocol’s interface directly.
The expansion to 26 supported chains creates network effects that compound over time. Each new chain integration adds potential routing paths, which gives solvers more options for fulfilling intents efficiently. The risk surface expands with each integration, though. Supporting 26 chains means 26 potential points of bridge vulnerability, smart contract risk, and chain-specific edge cases.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
SEC schválila Innovation Exemption pro tokenizované akcie, což poslalo $UNI zhruba o 19 % výše na téměř $7,60. $NEAR zároveň přidal kolem 18 % na $3,00 po zprávě o překročení $70 milionů v confidential TVL.
A single regulatory decision dominated crypto price action on September 17, lifting decentralized exchange tokens and drawing fresh attention to the intersection of traditional finance and onchain infrastructure.
SEC clears the path for onchain stock trading $UNI surged roughly 19% to near $7.60 after the U.S. Securities and Exchange Commission issued its long-awaited Innovation Exemption. The SEC granted temporary, conditional exemptive relief to Tokenized Securities Venues (TSVs), releasing them from the definition of "exchange" under the Securities Exchange Act of 1934, so they can trade tokenized National Market System stocks using permissioned automated market makers and liquidity pools. The exemption creates a five-year window for tokenized NMS stocks to trade through permissioned AMMs and liquidity pools on public blockchains.
Uniswap founder @haydenzadams said the relief also covers permissioned pools in Uniswap v4, a detail that directly broadened the scope of the ruling for the protocol's users.
The regulator explicitly excluded synthetic security tokens that are derivatives and do not provide ownership of the underlying shares, a distinction that narrows the exemption to fully backed instruments. The order covers stock tokens that are 1:1 backed by the underlying asset with full voting rights, dividends, and proxy entitlements. SEC Chairman Paul Atkins framed the move as a step to bring US capital markets into the digital age, and noted the commission would seek public comment as it considers longer-term rules.
NEAR Protocol climbs on Confidential Intents milestone $NEAR gained around 18% to $3.00 on a separate catalyst. near.com announced that it had surpassed $70 million in confidential Total Value Locked, automatically triggering the snapshot for Drop 1 in the [email protected] Milestone Incentive Program. 333,333 milestone tokens will soon be available for eligible community members to claim.
Eligible participants must maintain a confidential balance above $100 and an active swap history. Rewards remain locked until NEAR's three-day volume-weighted average price reaches $3.33 or higher, at which point milestone tokens convert into $NEAR. Confidential Intents routes transactions through a NEAR private shard, eliminating mempool exposure, predatory MEV, and front-running without the computational overhead of zero-knowledge systems.
The two catalysts, regulatory and protocol-level, reflect how quickly the market is repricing assets tied to real structural developments rather than sentiment alone.
Sources:
SEC.gov: SEC Issues Innovation Exemption to Facilitate Trading of Tokenized NMS Stock
PRNewswire: near.com Confidential TVL Reaches $70 Million
CoinDesk: SEC Rolls Out Innovation Exemption for Tokenized Securities Venues
NEAR Protocol vzrostl o 22 % na 2,98 USD po spuštění důvěrného obchodování s perpetual kontrakty poháněného Hyperliquid. Objem obchodů vyskočil o 120,4 % na 1,24 miliardy USD.
NEAR Protocol (NEAR) rallied on Thursday, rising by 22% to $2.98 as traders responded to the launch of confidential perpetual trading powered by Hyperliquid. During the rally, the trading volume surged 120.4% to $1.24 billion, and the market cap rose to about $3.9 billion.
NEAR Brings Private Hyperliquid-Backed Perpetual Trading According to a report, NEAR has made perpetual positions confidential by default on the platform. Users can now open leveraged trades without making the trades public on the blockchain.
The setup uses NEAR Intents, with a private shard that shields transaction details from the public ledger. Traders remain in control of their funds, while information such as position size, entry levels, and trading activity can stay hidden from outside observers.
Funding is not limited to assets held on NEAR. The interface supports over 35 blockchains, and NEAR Intents acts as the router between network chains. This eliminates some of the middle steps in which users would have to transfer assets or cash across different wallets.
Hyperliquid Handles the Underlying Perpetual Trades Hyperliquid provides the perpetual futures market behind the product. According to data, the decentralized derivatives platform has seen perpetual trading volume of approximately $240 billion in the last 30 days.
Under the arrangement, NEAR supplies the privacy and cross-chain layer, while Hyperliquid handles the underlying derivatives execution. The product is supported by over 50 markets, and leverage up to 40x is available in the NEAR interface.
Hyperliquid is attracting interest beyond the NEAR rollout. Payward, Kraken’s parent company, announced its intention to launch on-chain perpetual futures based on Hyperliquid for U.S. customers via a mechanism that includes CFTC-regulated Bitnomial Exchange and Bitnomial Clearinghouse.
What’s Next for NEAR Price? Following the token’s time below the $3 mark, the recent announcement has been the catalyst for a rally amid a bearish crypto market brought on by the Clarity Act failing to pass. Should the rally proceed, the NEAR token would need to reclaim $3.5 and maintain the current momentum.
Earlier in the week, interest in NEAR’s confidential trading system had been ramping up. On September 15, the project released a statement stating that the total value locked (TVL) was now $70 million.
However, perpetual futures are still a high-risk product due to the fact that leverage can magnify gains or losses. Other factors that could affect access include local rules, and in some jurisdictions, derivative trading on decentralized platforms may be limited.
NEAR Protocol za posledních 24 hodin vzrostl o 7,59 % na 2,51 USD poté, co dosáhl milníku TVL 70,79 milionu USD. Síť spustila airdrop 333 333 uzamčených tokenů [email protected].
NEAR Protocol (NEAR) is the second-best-performing cryptocurrency among the top 30 by market cap in the last 24 hours. The token is up 7.59% to trade at $2.51 following the attainment of the “[email protected]” Milestone.
Why is NEAR’s price up today?NEAR Protocol rewards ecosystem growth by airdropping NEAR tokens to eligible users whenever its total value locked (TVL) attains a pre-set landmark.
This time, however, the airdrop exclusively focused on the network’s privacy-focused cross-chain pipeline known as the Confidential Intents. Dubbed the “[email protected]” Milestone Incentive Program, the scheme was designed to automatically distribute 333,333 locked and non-transferable [email protected] tokens once the confidential transactions pipeline hit a $70 million TVL.
At press time, Near Protocol had surpassed the set target, with TVL growing 129.3% in the past 90 days to hit $70.79 million.
Source: Near Revenue Dashboard
Near has now called on its users to claim the [email protected] token airdrops on its official website.
Eligible users must have maintained a balance above $100 and successfully executed at least one confidential swap. Those with earlier activity, higher balances, and more swaps will receive higher allocations than those without.
Notably, [email protected] tokens will be redeemable for NEAR tokens at a 1:1 ratio once NEAR’s volume-weighted average price (VWAP) holds at or above $3.33 for three consecutive days. The unlock conditions are meant to prevent wash trading and short-term speculation, while promoting network and token value growth.
NEAR price actionOther than the TVL milestone, Near Protocol is one of the first major layer-1 blockchains to become partially quantum-proof.
At $2.51, NEAR is trading above the $2.44 Fibonacci support. Should it rise above this level, it could retest the $2.65 resistance zone. A break below the support could pull it back to $2.25, with a deeper correction potentially dragging it to $2.00.
Source: CoinMarketCap
Another event that could affect future price action is today’s Fed interest rate hike of 25 basis points.
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Confidential Intents od NEAR Protocol překročil 60 milionů USD v TVL a chybí mu už jen 10 milionů USD ke spuštění prvního odměnového snapshotu (Drop 1) při hranici 70 milionů USD. Program [email protected] rozdělí 333 333 tokenů mezi oprávněné uživatele.
TVL Crosses $60M With $10M Left to GoNEAR Protocol's (@NEARProtocol) Confidential Intents has crossed $60 million in total value locked, leaving the protocol just $10 million short of the threshold that will trigger its first major reward event. When aggregate TVL reaches $70 million, the Drop 1 snapshot for [email protected] will be taken, locking in allocations for eligible participants.
The milestone matters because the [email protected] program distributes a fixed pool of 333,333 milestone tokens to qualifying Confidential Intents users. To be eligible for Drop 1, participants must hold a confidential balance above $100 and have completed at least one confidential swap before the TVL threshold is reached.
How the [email protected] Program [email protected] is a milestone incentive program tied directly to Confidential Intents activity on near(.)com. The tokens issued are non-transferable at first. Conversion to NEAR on a 1:1 basis only occurs if NEAR's volume-weighted average price (VWAP) holds at or above $3.33 for three consecutive days, meaning two separate on-chain conditions must be met before any tokens change hands.
Allocation is not simply a function of deposit size. It is scored by sustained confidential balance weighted by time held, plus ongoing swap activity. Earlier participation carries greater weight in the calculation, so users who have been active on Confidential Intents since before the snapshot carries an advantage over those who enter late. No single wallet can receive more than 2 percent of Drop 1, equivalent to roughly 6,666 tokens, so large last-minute deposits offer limited additional benefit.
Confidential Intents itself is NEAR's private execution layer for cross-chain swaps, running inside a private shard connected to mainnet via a trusted execution environment (TEE) bridge. The architecture is designed to shield transaction amounts and counterparties from being visible on-chain until settlement, protecting users from MEV and frontrunning rather than providing full anonymity.
With TVL having climbed from roughly $26 million in mid-June 2026 to over $60 million by early September, the protocol is approaching the $70 million milestone at a steady pace. More drops are planned after Drop 1, with conditions calibrated to higher levels of community activity.
Sources:
Crypto Briefing: NEAR's Confidential Intents TVL surpasses $26M as private execution expands
Nansen: NEAR Protocol Q2 2026 Report
Coinfomania: Confidential Intents Hits $60M in TVL
NEAR umožňuje validátorům ověřovat bloky bez ukládání celého stavu sítě, což výrazně snižuje hardwarové nároky. U top 100 validátorů stačí zhruba 48 GB paměti, ostatním 8 až 16 GB.
On most blockchains, validators carry a heavy load. To check that a block is valid, they must maintain a full, up-to-date copy of the chain's state, meaning every account, balance, and contract stored on the network. As a chain grows, so does that burden, gradually raising the cost of running a node and pushing out smaller participants.
@NEARProtocol takes a different approach. Each block on NEAR carries a state witness: a compact cryptographic proof containing only the data required to validate that specific block. A validator can check work on a shard without ever storing that shard's full state.
How Stateless Validation Works in PracticeThe practical result is a sharp reduction in hardware requirements. NEAR's top 100 validators, which both produce blocks and track a shard, operate on roughly 48GB of memory. Those below that threshold run a lighter checking role on just 8 to 16GB.
Stateless validation arrived with Nightshade 2.0, which went live on NEAR mainnet in August 2024. According to The Defiant, the upgrade was designed to speed up transaction execution by 400% and increase the network's shard capacity.
What Has Changed Since, and What Comes NextThe protocol has not stood still since Nightshade 2.0. The v2.13 upgrade landed on mainnet on July 20, 2026, adding two significant capabilities. First, dynamic resharding: the network can now automatically split shards when they reach a capacity threshold, without requiring a validator vote or a manual protocol upgrade. Second, post-quantum signing: NEAR activated the FIPS-204 standard using the ML-DSA-65 parameter set.
It is important to note that the migration is opt-in. Ed25519 and secp256k1 signing remain in place, and users can rotate their keys to ML-DSA-65 through a single on-chain transaction via the NEAR CLI, with no need to move assets or change account addresses. The reason NEAR kept the switch voluntary is a practical one: ML-DSA keys and signatures are substantially larger than elliptic-curve equivalents, which raises storage and processing demands. NEAR's official press release described the deployment as placing it among the first major Layer-1 blockchains to ship a NIST-approved quantum-resistant signature scheme in a live production environment.
Looking further ahead, SPICE (Separation of Consensus and Execution) is the next major upgrade on the roadmap toward Nightshade 3.0, which is already in progress. SPICE decouples the process of validators agreeing on block order from the execution of transactions inside those blocks, targeting block times of 200ms and sub-half-second finality.
Together, these upgrades form a coherent technical arc: reduce validator storage requirements, automate capacity scaling, harden cryptographic security, and compress latency, each layer building on the last.
Sources:
NEAR Protocol: Nightshade 2.0 Launches on NEAR Mainnet
PR Newswire: NEAR Protocol Brings Quantum-Safe Signing to Mainnet
eGamers: NEAR Goes Live With Post-Quantum Signatures On Mainnet Via 2.13 Release
NEAR Protocol na mainnetu aktivoval postkvantové podepisování 20. července 2026 a stal se jedním z prvních velkých blockchainů s produkčním kvantově odolným schématem. Uživatelé mohou jednou on-chain transakcí přepnout klíče bez migrace aktiv.
NEAR Protocol activated post-quantum signing support on its mainnet on July 20, 2026, making it one of the first major blockchain networks to ship a production-ready quantum-resistant signature scheme. The feature, delivered through network upgrade 2.13, implements the NIST-standard ML-DSA-65 lattice-based signature scheme, formally known as FIPS-204.
That standard was finalized by NIST in August 2024 under its original working name, CRYSTALS-Dilithium. It’s designed to withstand attacks from quantum computers, which could eventually break the elliptic-curve cryptography that secures virtually every blockchain in existence today.
What the upgrade actually does The practical upshot is straightforward: NEAR users can now rotate their account keys to a quantum-resistant scheme with a single on-chain transaction. No asset migration required. No new wallet address needed.
This is possible because of NEAR’s account model, which was designed for cryptographic flexibility when the mainnet launched in 2020. The architecture supports multiple signature schemes on the same account, so the upgrade doesn’t force anyone’s hand. Users can voluntarily switch while the existing Ed25519 and secp256k1 schemes remain fully supported.
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On the wallet side, Meteor Wallet already has live integration with the new signing feature. Ledger and other wallet providers are reportedly in the process of adding support, though no firm timelines have been announced.
Why this matters beyond NEAR’s native chain The upgrade doesn’t just protect NEAR-native assets. Through Chain Signatures and NEAR Intents, the post-quantum security extends to assets from over 30 other blockchains, including Bitcoin, Ethereum, and various stablecoins.
Chain Signatures allow NEAR accounts to sign transactions on other networks without bridging assets. NEAR Intents enable cross-chain operations through a declarative framework. Both of these systems now inherit the quantum-resistant properties of the new signing scheme, at least on the NEAR side of the equation.
The quantum threat, in context The concern isn’t just about future attacks. It’s about a strategy called “harvest now, decrypt later,” where adversaries collect encrypted data today with the expectation of cracking it once quantum hardware matures. For blockchain, this means that public keys exposed on-chain right now could theoretically be used to derive private keys in the future.
NEAR co-founder Illia Polosukhin and Near One CTO Anton Astafiev have both emphasized the importance of proactive measures given the pace of quantum computing advances. Their framing connects the quantum-resistance work to NEAR’s broader vision around multi-chain infrastructure and what they describe as an emerging “agent economy,” where autonomous AI agents transact on-chain.
What comes next In a roadmap published on August 24, 2026, NEAR outlined its next milestones. The team is working on efficiency improvements for post-quantum signatures, which are notably larger than their classical counterparts. ML-DSA-65 signatures clock in at around 3,300 bytes compared to 64 bytes for Ed25519.
The bigger target is securing NEAR’s consensus mechanism with post-quantum cryptography by the end of 2027. Right now, the upgrade protects user-facing key management, but the validators securing the network still rely on classical signature schemes.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
NEAR Protocol spolu s Responsible Fintech Institute a Safeheron testuje na kvantově odolném testnetu MPC protokol s podpisy ML-DSA-65 založenými na mřížkách. Pilot zapojil banky Bison Bank a DK Bank i Abu Dhabi Global Market a Malta Financial Services Authority.
Quantum computing is still mostly a theoretical threat to financial infrastructure, but the institutions that move slowly on cryptographic upgrades tend to be the ones scrambling later. NEAR Protocol, alongside the Responsible Fintech Institute and technology firm Safeheron, is not waiting around.
On August 23, 2026, the Responsible Fintech Institute convened a cross-regional pilot consortium explicitly designed to stress-test post-quantum cryptography in live institutional digital asset workflows. The group ran wallet generation and on-chain transfer simulations on NEAR’s quantum-resistant testnet, using a multi-party computation protocol built on the NIST FIPS 204 ML-DSA-65 lattice-based digital signature standard.
What the pilot actually involves Multi-party computation, in plain terms, means no single party ever holds a complete private key. The consortium is testing a non-custodial 2-of-2 MPC design, meaning both parties must participate in every signing event, and neither can act unilaterally.
The lattice-based signature scheme at the center of this is ML-DSA-65, one of the standards NIST finalized as part of its post-quantum cryptography project. NEAR explicitly selected the lattice-based approach over hash-based alternatives, a deliberate architectural choice.
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Safeheron is leading development of both the MPC protocol itself and the ML-DSA-65 signing application. The consortium has committed to open-sourcing that code after the testing phase, along with publishing a whitepaper covering pilot findings.
NEAR first signaled its post-quantum direction in May 2026, selecting ML-DSA as its initial quantum-safe signature scheme. The August pilot represents the next step in that roadmap, moving from protocol-level design decisions to actual consortium testing with real financial institutions in the loop.
Who is at the table The participant list matters as much as the technology. Bison Bank and DK Bank are among the banking institutions involved. On the regulatory side, the Abu Dhabi Global Market and the Malta Financial Services Authority are participating, which gives the pilot a notable cross-jurisdictional character.
The timing also aligns with broader regulatory momentum. Singapore and Hong Kong have both been pushing forward frameworks around fintech innovation and quantum preparedness. The RFI consortium appears designed to generate cross-jurisdictional data that regulators in multiple markets can reference when setting their own standards.
Why quantum threats to crypto are not a distant problem Most public-key cryptography in use today, including the signature schemes underpinning the majority of blockchain networks, relies on mathematical problems that classical computers find intractable. A sufficiently powerful quantum computer running Shor’s algorithm could theoretically break those assumptions.
NIST’s finalization of post-quantum standards, including the ML-DSA standard at the center of this pilot, reflects an institutional consensus that preparation needs to happen ahead of the threat materializing.
For the banks and regulators participating in this consortium, the practical question is not whether to eventually adopt quantum-resistant cryptography. It is whether they can develop operational experience with it before they are required to use it. A pilot that generates real data on wallet generation latency, signing performance, and cross-jurisdictional operational workflows is meaningfully more useful than a theoretical framework document.
The open-source commitment from Safeheron adds another layer to this dynamic. If the MPC protocol and signing application are released publicly, other networks and custodians can adopt or adapt them, potentially accelerating industry-wide post-quantum readiness.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
NEAR zveřejnil roadmapu k postkvantové ochraně a míří ke konsenzu validátorů odolnému vůči kvantovým útokům do konce roku 2027. Jde o jednu z nejzásadnějších aktualizací protokolu od spuštění mainnetu.
A step-by-step push toward quantum resistance@NEARProtocol has published a post-quantum roadmap targeting quantum-resistant validator consensus by late 2027. Developer Near One describes the change as one of the most fundamental protocol upgrades since mainnet launched, though the team notes timelines are directional and subject to research outcomes.
The roadmap follows a concrete first step.
ML-DSA, also known as the Module-Lattice-Based Digital Signature Algorithm, is the post-quantum digital signature standard published by NIST in FIPS 204 in August 2024, based on the CRYSTALS-Dilithium algorithm. It is designed to replace RSA and ECDSA signatures as the industry migrates away from classical cryptography.
Consensus and cross-chain MPC remain the harder problemsDespite progress at the account level, Near One is candid about what remains. Today's post-quantum schemes are still too computationally heavy for use in validator consensus, which is why the 2027 goal exists as a research and engineering target rather than a committed release date. The team has also acknowledged that quantum-safe threshold signing for its MPC network has no candidate solution yet.
The cross-chain layer adds further complexity. NEAR's Chain Signatures network currently links assets across 30+ chains, per the team's own roadmap post. On wallet support,
NEAR is not alone in this effort.
Sources:
NEAR Protocol Brings Quantum-Safe Signing to Mainnet (PR Newswire)
NEAR Protocol Becomes First Major Blockchain With Live Quantum-Safe Account Signing (TechTimes)
Ethereum Post-Quantum Roadmap (ethereum.org)
NEAR Intents Hits $25B in Cumulative Volume$NEARProtocol's NEAR Intents platform has crossed $25 billion in cumulative transaction volume, underscoring rapid adoption of its intent-based cross-chain execution layer. The milestone marks a sharp acceleration in growth: NEAR Intents reached $5 billion in November 2025, doubled to $10 billion by January 2026, and has continued to compound since. According to Crypto Briefing, the platform was adding roughly $1 billion in volume per week at certain points earlier this year, reflecting sustained demand for bridgeless cross-chain execution.
The architecture at the centre of this growth is an intent-driven model where competing solvers bid to fulfil user requests. Users specify a desired outcome, such as swapping USDC on Ethereum for another asset on a different chain, while third-party solvers handle execution behind the scenes. The result is a seamless experience that abstracts away the complexity of multi-chain infrastructure.
Chain Signatures and Confidential Execution Drive AdoptionA core technical enabler is Chain Signatures, NEAR's decentralised multi-party computation (MPC) framework. The technology allows NEAR smart contracts to sign and settle transactions natively on external chains, including $BTC and $ETH, without relying on bridges or destination contracts that introduce counterparty risk. A signed Bitcoin transaction, for example, can be broadcast directly to the Bitcoin mainnet with no wrapped asset or bridge involved. The protocol currently supports transactions across 30 blockchains.
Privacy is also emerging as a material driver. According to @BSCNews, 69% of all trades on the platform now use private execution, helping users avoid front-running and MEV extraction. This aligns with a broader industry trend toward confidential transaction layers in DeFi. Nansen's Q2 2026 NEAR report noted that confidential Intents TVL had crossed $30 million, pointing to growing institutional and retail appetite for private on-chain settlement.
The volume figures place NEAR Intents among the more consequential cross-chain infrastructure plays in the current cycle, with its bridgeless settlement model and privacy features setting it apart from traditional bridge-based competitors.
Sources
Crypto Briefing: NEAR Intents surpasses $20B in all-time transaction volume
Nansen: NEAR Protocol Q2 2026 Report
NEAR Protocol: Chain Signatures Launch Blog
@NEARProtocol has handed verification of its confidential AI workloads to @intel's Trust Authority, shifting the chain of trust away from the platform operator and anchoring it directly at the chipmaker level.
What Changed and Why It Matters NEAR AI Cloud has run on Intel and NVIDIA confidential computing hardware since December 2025. What is new is who validates the proofs. Every workload now returns an Intel-signed attestation token confirming that the job ran inside sealed, tamper-resistant hardware. @NEARProtocol operates the service, but @intel independently checks it, meaning users no longer have to take the operator's word for it.
That distinction is significant. Intel Trust Authority decouples the roles: Intel itself is the appraiser, the host is only the host, and the relying party receives a token signed by an independent third party with no operational stake in the workload. This resolves a long-standing weakness in confidential computing deployments, where infrastructure providers have historically relied on self-attestation.
Intel Trust Authority is a zero-trust attestation service that helps verify apps, data, and workloads are running in trusted environments. It validates infrastructure, applications, and AI workloads using Intel confidential computing Trusted Execution Environments (TEEs) on CPUs and GPUs.
How NEAR AI Cloud Works NEAR AI Cloud delivers private inference in three steps: a user's prompt is encrypted locally and transmitted to a Confidential Virtual Machine (CVM) inside a TEE; processing occurs inside a Trusted Execution Environment that prevents external access, including from NEAR itself; and inside the enclave, the model decrypts the input, performs inference, and re-encrypts the result before returning it.
By running models in TEEs with cryptographic attestation, the platform creates an auditable chain of trust. Organizations can verify not just that their data was encrypted in transit, but that it remained encrypted during processing and that the model executing the inference was the one they expected.
The integration is live now. For enterprises handling sensitive data, the move addresses a core concern: one misconfiguration or insider action can break traditional software-level trust signals instantly, which is why the AI industry needs verifiable privacy, not unsupported promises.
Sources:
NEAR AI: Introducing NEAR AI Cloud and Private Chat
Intel: Intel Trust Authority Overview
Crypto Briefing: NEAR AI Builds Infrastructure for Private AI Model Execution
Spoluzakladatel NEAR Protocol Illia Polosukhin navrhl Sovereign Fund se 30 miliony $NEAR, který by financoval validátory, poskytovatele zabezpečení a veřejné statky. Pokud model uspěje, NEAR může přejít na fixní nabídku tokenů.
NEAR Protocol co-founder Illia Polosukhin has put forward a proposal to establish a Sovereign Fund seeded with 30 million $NEAR tokens, in what would mark a significant shift in how the network funds its core operations and incentivises participants.
The fund is designed to generate yield, which would then be distributed to validators, security providers, and public goods projects. If the model proves sustainable, it could pave the way for NEAR to eventually adopt a fixed token supply, ending the current inflationary issuance model.
A Break From Inflation-Driven RewardsThe proposal reflects a broader push within the NEAR ecosystem to rethink its tokenomics. Polosukhin has publicly dismissed community proposals to burn tokens held by the NEAR Foundation, arguing that simple token burns have historically failed to deliver meaningful benefits to markets or network ecosystems. Instead, he advocates for a fixed maximum supply model similar to Bitcoin's, which would cap total $NEAR tokens and move away from the current inflationary approach to rewarding validators.
This is not the first time the network has moved in this direction. On October 30, 2025, NEAR's inflation rate was cut from 5% to 2.5% annually, roughly halving new token issuance from around 64 million to 32 million $NEAR per year, with the long-term effect of reducing sell pressure from validator rewards. Then, on February 23, 2026, the NEAR Intents fee conversion mechanism activated, routing 100% of Intents fees into open-market $NEAR purchases.
Community Input Before Any VoteThe Sovereign Fund proposal remains in its early stages. The plan is open for community feedback before any formal governance vote takes place, and it also aims to improve treasury transparency through on-chain governance mechanisms.
The community will ultimately determine whether the Sovereign Fund advances to a formal vote. The move away from short-term mechanisms in favour of a fixed supply model represents a meaningful departure from conventional tokenomics, and signals a focus on sustainability that could influence how other blockchain networks approach supply management.
Sources:
CryptoNews: Near Protocol Co-Founder Rejects Token Burn Proposal, Advocates Fixed Supply Model
ChangeNow: NEAR Protocol Overview in 2026
NEAR Foundation: Supporting Community Proposals to Upgrade NEAR Tokenomics
NEAR Intents překročil v celkovém objemu transakcí 24 miliard dolarů a už zpracoval přes 25 milionů swapů. Současně NEAR spustil upgrade mainnetu 2.13 s quantum-safe podpisy a dynamickým reshardingem.
Intents Volume Hits $24 BillionNEAR Protocol says its Intents cross-chain execution layer has surpassed $24 billion in all-time transaction volume, according to the project's latest monthly development recap. The milestone reflects a sharp acceleration in adoption: the platform had only just crossed $20 billion in early June 2026, having reached $10 billion in January and $5 billion as recently as November 2025.
The growth rate has been notable. The first $5 billion took roughly 305 days, while more recent increments have arrived far faster. The platform has now processed over 25 million swaps and connects assets across dozens of chains. $NEAR Intents uses an intent-driven model in which competing solvers bid to fulfill user requests, handling cross-chain execution, atomic swaps, and bridging without requiring users to manage individual transactions manually.
Protocol 2.13 and a Broader Development PushAlongside the volume update, NEAR Protocol shipped its 2.13 mainnet upgrade on July 20. The release adds quantum-safe signing through the NIST-approved FIPS-204 (ML-DSA) scheme, making NEAR one of the first layer-1 blockchains to deploy a post-quantum signature standard in a live production environment. Dynamic resharding also went live with this upgrade, allowing the network to split shards automatically as demand grows, without requiring validator votes or manual intervention.
The monthly recap covered several additional developments. NEAR Protocol launched staking for AI compute, expanding the protocol's push into AI infrastructure. Confidential Intents, which enables private execution of transactions, was made generally available. The team also published a public roadmap and expanded cross-chain integrations, extending the reach of NEAR's chain abstraction stack.
The protocol's fee mechanics add a tokenomic dimension to the volume growth. 100% of NEAR Intents fees are used to purchase $NEAR directly on the open market, creating buy pressure that scales with transaction volume as the network approaches a deflationary threshold.
Sources:
PR Newswire: NEAR Protocol Brings Quantum-Safe Signing to Mainnet
Crypto Briefing: NEAR Intents Surpasses $20B in All-Time Transaction Volume
CryptoTimes: NEAR Launches Quantum-Safe Mainnet Upgrade With Resharding
NEAR Protocol spustil nový AI staking, který mění stakované NEAR na compute credits pro placení AI služeb. Uživatelé tak tokeny neutrácejí a po unstaku je dostanou zpět v plné výši. Systém navíc poskytuje přístup ke 43 modelům na NEAR AI od různých poskytovatelů, včetně OpenAI, Anthropic a Googlu.
NEAR Protocol has rolled out a new staking mechanism for its AI platform, letting users stake NEAR tokens to access AI compute services rather than spending tokens outright. The feature marks a notable step in the protocol's push to position itself as core infrastructure for onchain AI activity.
How the Staking Mechanism Works Under the new system, staked NEAR tokens are converted into compute credits that can be used to pay for AI services. Crucially, users do not lose their tokens in the process. Once they are done, they can unstake and receive their NEAR back in full. All payments are settled onchain, keeping the process transparent and verifiable.
The feature provides users with compute credits to access 43 models on NEAR AI across several providers including OpenAI, Anthropic, and Google. The breadth of model coverage signals that NEAR is targeting a wide range of AI use cases rather than locking users into a narrow set of tools.
Part of a Broader AI Infrastructure Push The AI staking launch fits into a wider strategic shift at NEAR. NEAR rolled out a suite of AI-focused products in 2026, including automatic PII anonymization for AI prompts, meaning that when an AI agent processes a user's request, personally identifiable information gets scrubbed before it ever touches inference infrastructure.
The protocol has also been expanding its privacy tooling. NEAR AI launched IronClaw, an open-source and verifiable AI agent runtime built in Rust and deployed inside an encrypted Trusted Execution Environment on NEAR AI Cloud, designed to enable autonomous agents with built-in privacy safeguards and controlled access to user assets and data.
NEAR's co-founder Illia Polosukhin has characterized the protocol as fundamental infrastructure for handling AI-driven commerce and execution. The new AI staking feature reinforces that thesis by creating a direct, token-based economic link between NEAR holders and AI compute demand. Tying AI access to a staking model rather than a direct spend model could encourage longer-term token lock-up while still giving users full utility from their holdings.
The move comes as competition in the onchain AI space intensifies, with protocols racing to offer credible, privacy-preserving alternatives to centralised AI providers.
Sources:
Crypto Briefing: NEAR Protocol targets AI-driven commerce with new products and tokenomics improvements
CoinDesk: Near Protocol to automate its own growth
NEAR Protocol aktivoval na mainnetu kvantově bezpečné podepisování v rámci upgradu 2.13. Patří tak mezi první Layer-1 blockchainy s NIST-schváleným postkvantovým podpisovým schématem v produkci.
NEAR Protocol Deploys NIST-Approved Post-Quantum SigningNEAR Protocol has activated quantum-safe signing on mainnet as part of network upgrade 2.13, making it one of the first Layer-1 blockchains to ship a NIST-approved post-quantum signature scheme in a live production environment. The upgrade adds quantum-safe signing through the NIST-approved FIPS-204 (ML-DSA) scheme alongside dynamic resharding, a scalability enhancement that enables the protocol to automatically scale as network demand grows.
The team chose FIPS-204 (ML-DSA, formerly known as CRYSTALS-Dilithium), a lattice-based digital signature algorithm formally standardized by NIST in August 2024 as part of the agency's first batch of post-quantum cryptography standards. The upgrade allows account holders to migrate to post-quantum cryptography through a single on-chain transaction without transferring assets or changing account addresses.
The urgency behind the move is hard to ignore. Google's Quantum AI team has published research on the risk to cryptocurrency directly, with an estimated $470 billion of Bitcoin at risk. A U.S. executive order issued in June 2026 also requires federal agencies to transition high-value systems to post-quantum cryptography by the end of the decade, with digital signature migration scheduled for completion by 2031.
Automatic Resharding Removes a Key BottleneckThe second major component of the 2.13 upgrade addresses scalability. NEAR's sharded architecture previously scaled horizontally by adding shards, but each addition required a full protocol upgrade involving weeks of validator coordination, a vote, and a staged rollout. Dynamic resharding now enables the network to automatically scale by splitting shards without validator votes or manual upgrades.
On blockchains like Bitcoin and Ethereum, addresses are derived from keypairs tied to breakable cryptography, so migrating to a new signing scheme means migrating the address itself. NEAR accounts are decoupled from cryptography: since mainnet launched in 2020, NEAR has used human-readable account IDs controlled through rotatable access keys, not bound to a single keypair. This architectural choice is what makes the migration comparatively straightforward for NEAR users.
NEAR is also actively working with hardware and software wallet builders, including Ledger, on bringing post-quantum support to the market.
Sources:
NEAR Protocol Official Press Release via PR Newswire
Crypto Times: NEAR Launches Quantum-Safe Mainnet Upgrade With Resharding
CoinTrust: NEAR Activates Quantum-Resistant Security
NEAR se blíží deflačnímu prahu: poplatky z Intents už rostou rychleji než nová emise tokenů a 100 % těchto poplatků jde na nákupy tokenu $NEAR. K prahu je ale ještě potřeba zhruba zdvojnásobit denní objem Intents, který je nyní kolem 77 milionů USD denně; deflační hranice leží přibližně na 177 milionech USD denně.
@NEARProtocol says its token buyback program is accelerating, with Intents fees increasingly outpacing new issuance. The mechanism is straightforward: 100% of fees generated through NEAR Intents are used to purchase $NEAR directly on the open market, creating buy pressure that scales with transaction volume. Cumulative Intents volume has now passed $22 billion, and the capture rate has climbed from roughly 12% over its lifetime to near 30% in the past week alone.
Two Structural Changes Set the Stage Two protocol upgrades have made the deflation thesis credible. On October 30, 2025, NEAR's inflation rate was permanently reduced from 5% to 2.5%, cutting annual issuance roughly in half and compressing the volume required to reach net deflation by the same amount. Then on February 23, 2026, the fee conversion mechanism activated for the first time, routing all NEAR Intents fees into $NEAR purchases.
NEAR issues approximately 32.2 million tokens annually. Two mechanisms work against that issuance: base-layer gas fees follow a 70/30 split, with 70% permanently burned by the protocol, while Intents fees go entirely toward open-market buybacks. Halved inflation plus active buybacks via the Intents fee switch create a structurally different supply-demand dynamic than what existed a year ago.
The Threshold Is Real, but Not Yet Crossed At current prices and the 2026 channel-mix-weighted fee rate, the deflationary threshold sits at approximately $177 million in daily Intents volume. The current 90-day average sits at $77 million per day, meaning volume needs to roughly double to cross the deflationary threshold.
The math is not static. As NEAR's price rises, each token purchased via the Intents fee mechanism absorbs more dollar-denominated issuance, meaning price appreciation actively lowers the barrier to deflation in token terms. On an Intents-adjusted basis, NEAR's price-to-sales ratio is approximately 28x, versus Ethereum at 194x and Solana at 40x. That gap has drawn attention from analysts who argue the token is structurally underpriced relative to its fee generation.
The trajectory is real. Whether daily Intents volume can double from here, and hold there, is the question that will determine whether the deflation story moves from thesis to fact.
Sources:
Crypto Briefing: NEAR Protocol targets AI-driven commerce with new products and tokenomics improvements
NEAR Foundation: Supporting Community Proposals to Upgrade NEAR Tokenomics
SVRN: NEAR Protocol 2026: Investment Case, Tokenomics and Deflation Threshold
