NEAR Prices Soar as Confidential Futures Trading Takes Off

NEAR's token price surged over 80% in a matter of days following the launch of its confidential perpetual futures trading product. The integration between NEAR's Confidential Intents privacy layer and Hyperliquid's execution engine offers up to 40x leverage across more than 50 markets while keeping ownership and funding details hidden from public ledgers.

The product, which launched on or around September 17, 2026, allows traders to fund positions without revealing their wallet's full portfolio. Total value locked in Confidential Intents surged to $70 million, triggering the activation of NEAR's @3.33 incentive program, a rewards mechanism designed to accelerate adoption.

The market response was immediate, with total value locked reaching $70 million and 24-hour trading volume spiking over 120% to exceed $1.24 billion. This represents roughly $1.26 billion in new value, expanding NEAR's market cap from approximately $3.2 billion to $4.46 billion.