NEAR Protocol’s native token outpaced the broader crypto market over the past week as the network rolled out more privacy-focused trading features.
According to CoinGecko, NEAR traded at about $4.29 on Monday, up roughly 78.2% over seven days and 22% in the past 24 hours. Over that same seven-day stretch, total cryptocurrency market capitalization rose about 6%.
near.com makes perpetual futures transfers confidential by default
On Thursday, Near Protocol said deposits and withdrawals for perpetual futures trading through near.com are now confidential by default. Near said the feature hides the link between a trader’s funding wallet and a dedicated Hyperliquid trading account.
Near also said that confidential total value locked on near.com had crossed $70 million that day, triggering the first snapshot under its NEAR@3.33 incentive program. The first distribution allocated 333,333 milestone tokens.
Under the program’s rules, those tokens unlock and convert to NEAR when the token’s three-day volume-weighted average price reaches at least $3.33.
NEAR Intents cumulative volume reaches $29.3 billion
NEAR Intents allows users to request crosschain swaps, with market makers competing to execute those requests.
Data from the NEAR Intents Explorer showed about $29.3 billion in cumulative volume and roughly $842 million over the past seven days as of Monday. Privacy-focused Zcash wallet ZODL was the third-largest referral source by volume over the previous 24 hours, generating about $3.8 million across 458 transactions.
A swap involving roughly $613,000 worth of ZEC was also listed among the explorer’s largest transactions over the same 24-hour period.
Bitwise analyst says Near and Zcash are complementary
Bitwise research analyst Camran Khosravi said Near and Zcash are "complements," arguing that Near gives ZEC holders confidential crosschain infrastructure and access to liquidity.
He also warned that TVL on NEAR Intents can increase when the price of ZEC already held in the system rises, even if no new deposits are made.
Privacy push extends beyond trading
Near has also pushed its privacy work outside trading. In July, NEAR AI introduced staking-based payments that let users stake NEAR to receive credits for confidential AI inference and agent hosting while keeping ownership of the underlying tokens.