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Tuesday Nov 11 2025 02:20
2 min
NEAR Intents activities have witnessed a remarkable surge recently, with daily trading volume surpassing $200 million and resulting fees soaring to over $400,000. This performance places NEAR near blockchain giants like Ethereum, Solana, and Binance Smart Chain. But does this data boom truly mark the beginning of a new era for NEAR?
NEAR Intents was introduced in November 2024 as a novel transaction infrastructure on the NEAR protocol. It operates as a core part of NEAR's chain abstraction architecture, allowing users to express desired outcomes without delving into complex technical details. A network of solvers then competes to fulfill these intents in the most efficient manner, simplifying intricate cross-chain operations. Initially, NEAR Intents maintained a modest daily trading volume of a few million dollars until October. However, with the emergence of privacy coins, particularly ZEC, NEAR Intents became a primary channel for trading these assets.
While NEAR Intents generates significant fees, the majority of these revenues are captured by third-party solvers and market makers, not by the NEAR network itself. NEAR primarily receives gas fees from transactions, which are not directly proportional to the transaction volume. Furthermore, 70% of these NEAR fees are burned, limiting the direct impact on NEAR's revenue.
Even if it doesn't directly impact NEAR's revenue, the rise of NEAR Intents represents a major step forward in realizing NEAR's vision of cross-chain abstraction. It proves the feasibility of this technology and highlights the growing demand for seamless, multi-chain experiences. While NEAR Intents is currently focused on DeFi, it has the potential to expand into Web2 and real-world applications.
Despite its promising potential, NEAR faces challenges such as low Total Value Locked (TVL) and declining user activity. However, there are ongoing efforts to improve the tokenomics, such as a proposal to reduce the inflation rate. Industry experts believe that NEAR has the potential to revolutionize blockchain technology with its unique architecture and innovative privacy solutions. In conclusion, while the direct impact of NEAR Intents on NEAR's revenue may be limited, the surge is a positive sign for NEAR's future growth potential and its increasing relevance in the blockchain landscape.
Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.
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