NEAR Protocol Price Soars 28% Amid Confidential Perpetual Futures Launch

NEAR Protocol's price jumped nearly 28% over the past 24 hours to around $3.47 on September 18, extending its seven-day gain to more than 40%. The surge in price comes as trading activity surged alongside the launch of confidential perpetual futures on near.com.

The product gives users access to more than 50 perpetual markets while concealing details such as position size, direction, and entry time from public view. Hyperliquid provides the underlying execution and liquidity, while NEAR's Confidential Intents infrastructure handles the privacy layer.

NEAR's confidential finance products have been drawing more capital, with Confidential Intents crossing $70 million in total value locked on September 15. This automatically triggered the first snapshot under the NEAR@3.33 incentive programme, allocating 333,333 milestone tokens to eligible participants.