Near Hits Confidential TVL Milestone

NEAR has reached a confidential Total Value Locked (TVL) of $70 million, triggering a snapshot for the first round of milestone tokens in its NEAR@3.33 Incentive Milestone Program.

This milestone marks a significant development in the field of confidential DeFi, providing protocols and users with a proven privacy layer for cross-chain transactions.

NEAR's confidential execution routes transactions through a private shard on the NEAR blockchain, eliminating exposure to mempool, predatory Maximum Extractable Value (MEV), and front-running without the computational overhead of zero-knowledge systems.

The growing pool of confidential liquidity gives institutions and enterprises the privacy and depth to execute high-volume cross-chain swaps without being traced back to their source.