Data cited by Delphi Digital shows that NEAR Intents, launched by Near, recorded its highest fee revenue of the year in September. Before that, NEAR had set perpetual contracts on Hyperliquid, a high-performance decentralized derivatives trading platform, to privacy mode by default. Through token swaps on NEAR Intents, users can move funds from other chains into the system and take part in trading activity. After the privacy feature went live, users appeared more willing to keep funds parked between trades, and confidential balances topped $70 million on the first day of the rollout. Delphi Digital said the development may be an early sign that market demand is turning into actual usage.
According to data cited by Delphi Digital, NEAR Intents, launched by Near, recorded its highest fee revenue of the year in September.
Earlier, NEAR set perpetual contracts on Hyperliquid, a high-performance decentralized derivatives trading platform, to privacy mode by default. Through token swaps on NEAR Intents, users can deposit funds from other chains and participate in trading.
After the privacy feature went live, users were more inclined to keep funds in place between trades. Confidential balances surpassed $70 million on the first day of the launch. Delphi Digital said this may be an early sign that market demand is translating into real usage.
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