NEAR gains 78% in a week as Intents cumulative volume tops $29B

NEAR traded around $4.29 on Monday, up 78.2% over seven days, while NEAR Intents cumulative volume approached $29.3 billion and ZEC shielded flow rose.

SShitij GuptaSep 21, 2026

Pop-art comic cover with a speech bubble reading NEAR SURGES, beside an illustrated near.com interface showing a NEAR coin and a green upward arrow with a +78% badge.

Mentioned

NEAR$4.07+5.74%

HYPE$93.51+1.56%

ZEC$1,499.84+3.84%

NEAR traded around $4.29 on Monday, up 78.2% over seven days and 22% over 24 hours, per CoinGecko. Total cryptocurrency market capitalization rose about 6% over the same seven-day window.

The move tracked Near Protocol's expansion of privacy-focused trading services through near.com, including confidential deposits and withdrawals for perpetual futures.

Confidential perps and the NEAR@3.33 program

On Thursday, NEAR said deposits and withdrawals for perpetual futures trading through near.com were confidential by default. The feature obscures the link between a trader's funding wallet and a dedicated Hyperliquid trading account.

Near said near.com's confidential total value locked crossed $70 million, triggering the first snapshot under the NEAR@3.33 incentive program. The program allocated 333,333 milestone tokens for the first distribution; those tokens unlock and convert to NEAR when the three-day volume-weighted average price reaches at least $3.33. The spot print at $4.29 sits above that threshold, and a three-day VWAP slipping back below $3.33 across the snapshot window would invalidate the conversion.

Intents volume and the ZEC angle

The NEAR Intents Explorer showed about $29.3 billion in cumulative volume and $842 million over the past seven days on Monday. Intents let users request cross-chain swaps, with market makers competing to execute them.

Privacy-focused Zcash wallet ZODL was the protocol's third-largest referral source by volume over the preceding 24 hours, generating about $3.8 million across 458 transactions. A swap involving roughly $613,000 worth of ZEC was among the largest transactions displayed for the same window.

Bitwise research analyst Camran Khosravi said Near and Zcash are "complements," arguing Near gives ZEC holders confidential cross-chain infrastructure and access to liquidity. He also cautioned that NEAR Intents' TVL can rise when the price of ZEC already held within the system increases, even without new deposits, a caveat worth holding against any TVL headline on fresh flow.

In July, NEAR AI introduced staking-based payments that let users stake NEAR to receive credits for confidential AI inference and agent hosting while retaining ownership of the underlying tokens, a separate line running alongside the trading infrastructure.