NEAR Protocol’s Token Surges as Privacy Features Expand
- NEAR’s native token increased by approximately 78.2% over the past week, trading at around $4.29.
- Total cryptocurrency market capitalization rose by about 6% during the same period.
- Near Protocol announced that deposits and withdrawals for perpetual futures trading are now confidential by default.
- The confidential total value locked (TVL) on near.com surpassed $70 million, triggering a milestone token distribution.
- NEAR Intents reached a cumulative volume of about $29.3 billion, with $842 million in the last week alone.
The surge in NEAR’s price is linked to its enhanced privacy features and growing user engagement, particularly through NEAR Intents, which facilitates cross-chain swaps and has seen significant transaction volume recently.
With NEAR’s TVL exceeding $70 million and its token price rising sharply, the network is positioning itself as a key player in privacy-focused trading solutions.(Source)
