NEAR Price Skyrockets as Confidential TVL Hits $70M Milestone

The NEAR Protocol has seen its price jump by 14.3% to $2.87 as the confidential TVL reached the trigger threshold for a milestone incentive program.

This event, known as the NEAR@3.33 milestone snapshot, was triggered when the network's Confidential Intents TVL reached $70 million.

The tokens locked until this point are contingent claims and will only be converted into circulating supply if the three-day VWAP exceeds $3.33.