NEAR Intents Surpasses $27B in Volume as Native Token Sees 11% Price Jump
Near Protocol's NEAR Intents has reached a significant milestone, crossing $27 billion in volume across 34 different chains. This infrastructure enables assets to move between chains behind the scenes and is being used by wallets like Ledger, browsers like Brave, and platforms like Infinex and LI.FI.
The growing adoption of NEAR Intents has sparked a rally in the native token NEAR, with its price jumping over 11% recently. From $2.32 to $2.59, this surge is notable, but it's unclear if the two are directly related.
Market data suggests that traders are increasingly participating in the rally, with aggregated Open Interest (OI) on NEAR at $458 million and funding rates staying positive. However, the source notes that 'the data does not establish' a direct causal link between Intents growth and the token's price move.
The underlying ecosystem narrative of Near Protocol is strengthened by this milestone, with its infrastructure becoming the 'plumbing that other platforms can rely on.'