NEAR Protocol Price Skyrockets 28% Amid Confidential Futures Launch

The NEAR Protocol price surged nearly 28% over the past 24 hours to around $3.47 on Sept. 18, extending its seven day gain to more than 40%. This upward movement comes as the platform introduced confidential by default perpetual futures on near.com on Sept. 17.

These futures allow traders to open positions without publicly linking the position to their account. The underlying execution and liquidity are provided by Hyperliquid, while NEAR's Confidential Intents infrastructure handles the privacy layer.

The launch of these products has seen a significant increase in trading activity, with more than 50 perpetual markets available for users to access. Details such as position size, direction, and entry time remain concealed from public view.