💡 NEAR is up 80% in a week — and the reason is worth knowing

NEAR Intents — Near Protocol's cross-chain swap system — has crossed $29.3 billion in cumulative volume. Over seven days NEAR jumped 78%, from ~$2.41 to $4.29, while the broader crypto market gained around 6%.

The rally coincided with a privacy push: perpetual futures deposits on near.com are now confidential by default, and Zcash wallet ZODL ranked third by Intents volume — $3.8 million in a single day.

Bitwise analyst Camran Khosravi calls Near and Zcash "complements." His caveat: TVL can rise simply because ZEC held inside the system appreciates, no new deposits needed. Good to remember before the numbers do the talking.

Via CoinDesk.

Cointelegraph