Near Protocols [NEAR] Intents just crossed a pretty big milestone. But can it help the native token soar？
Is NEAR expanding faster than expected？
NEAR Intents is the infrastructure that lets assets move across chains behind the scenes. This has now crossed $27 billionin volume across 34 different chains!
Wallets like Ledger, browsers like Brave, and platforms like Infinex and LI.FI are all plugging into it. Interestingly, Zcash [ZEC] can now move into Solana [SOL] through NEAR Intents. Confidential Hyperliquid [HYPE] perps are extending that same rail toward private trading.
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The point, is that Near Intents is becoming the plumbing that other platforms can rely on.
NEAR crypto price finally catches up!
NEAR jumped over 11%recently, moving from around $2.32to $2.59.
And this isnt an overnight rise.
Source: TradingView
RSI was up at 74; overbought territory for the first time since a similar run back in May-June. Back then, the rally died along with the RSI. This time, however, the MACD line was above the signal line, and the histogram bars were growing. Buyers arent done yet.
A look at the derivatives side, and it can be seen that things are much more interesting.
Source: Coinalyze
Aggregated Open Interest [OI] on NEAR was at $458 millionat press time. OI has been going up since the beginning of the month, after going sideways for a time. Funding Rates have stayed mostly positive throughout, around 0.0117lately. It seems traders have largely been comfortable staying long.
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The timing is notable: NEAR‘s rally has arrived as Intents reaches a major adoption milestone. However, the data does not establish that Intents growth caused the token’s 11% move. For now, rising OI and positive funding show that traders are increasingly participating in the rally, while the $27 billion milestone strengthens NEARs underlying ecosystem narrative.
Final Summary
- NEAR Intents has crossed $27 billion in volume across 34 chains.
- NEAR crypto price jumped over 11% recently.