Former NEAR core contributor Vadim, citing research from Bitwise, said users of NEAR Intents have paid more than $29 million in fees since the protocol’s fee mechanism was adjusted in February. Of that total, about $5.3 million has been used to buy back NEAR on the open market.
The September buyback reached $1.84 million, up from $723,000 in August. That means September alone accounted for roughly one-third of all buybacks recorded since February, with the monthly figure rising 2.5 times.
Vadim linked the increase to two factors mentioned in the data: buyback trades can draw on part of trading fees, and trading activity on Intents has been climbing sharply. Over the past 30 days, Intents posted $4.8 billion in volume, nearly nine times higher than a year earlier.
He also noted that tokenized stocks from Hyperliquid and Ondo were added in September and are now live on Intents.
Former NEAR core contributor Vadim, citing Bitwise research, said NEAR Intents users have paid more than $29 million in fees since the platform adjusted its fee mechanism in February. Roughly $5.3 million of that amount has gone toward buying back NEAR on the open market.
Buybacks totaled $723,000 in August and rose to $1.84 million in September. September represented about one-third of the total buyback amount recorded since February, with the monthly figure increasing 2.5 times.
Vadim said the jump was tied to two factors cited in the data: buyback trades can take a portion of trading fees, and trading volume on Intents has been growing rapidly.
Over the past 30 days, Intents recorded $4.8 billion in trading volume, nearly 9 times higher year over year. In September, tokenized stocks from Hyperliquid and Ondo were added and are now available on Intents.
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