NEAR Price Surges 45% in Three Days on Confidential Trading Launch

The NEAR Protocol (NEAR) price has surged over 45% in three days, reaching $3.45 on September 18.

This significant price jump can be attributed to a combination of product launches and an incentive program designed to encourage users to hold the token.

The confidential perpetual trading feature launched via Hyperliquid integration, which allows users to open leveraged positions up to 40x across more than 50 markets without revealing their trade details.

The Push to $3.33 Incentive Program has also contributed to the price increase, where users holding more than $100 in a confidential account and completing at least one confidential swap are rewarded with milestone tokens redeemable when NEAR's three-day VWAP hits $3.33.