NEAR Enhances Perpetuals with Confidential Trading by Default

NEAR Protocol has enhanced its perpetual futures trading experience on near.com by making it confidential by default. This addition provides users with an extra layer of privacy, particularly in high-stakes leveraged trading scenarios.

The new feature integrates NEAR's Hyperliquid protocol, which allows traders to access more than 50 markets with up to 40x leverage. The confidential layer obscures the connection between funding transactions and user accounts, preventing outside observers from tracing positions back through deposit paths and linked wallet activity.

NEAR Intents handles cross-chain funding and margin conversion, eliminating the need for manual bridging of assets into Hyperliquid before trading. This setup maintains execution and liquidity on Hyperliquid while providing a private interface for users.

The confidential perpetuals rollout coincides with Confidential Intents surpassing $70 million in total value locked (TVL), triggering the first snapshot under NEAR's [email protected] milestone incentive program. The system routes sensitive transaction information through NEAR's private execution infrastructure, reducing front-running and MEV exposure.