NEAR Jumps 23% as ZEC Swap Volume Surges Sixfold

NEAR's token price jumped 23% to above $4 in the past 24 hours, outperforming major tokens. This increase coincides with a significant surge in daily ZEC swap volume on NEAR Intents, which climbed sixfold in the past week. The service allows for token swaps across chains without user fund movement, and consumer wallets ZODL and Vizor have integrated with it.

NEAR has become the primary routing layer for one of the most heavily traded tokens, ZEC, and its own token price is following this traffic. However, the case for NEAR's price increase weakens if ZEC swap volume through the service falls back to prior levels or if ZODL and Vizor route the same flow through a competing venue.