NEAR Protocol Price Surges 28% After Confidential Perpetual Futures Launch

NEAR Protocol's price surged nearly 28% over the past 24 hours to around $3.47 on September 18, building on a seven-day gain of more than 40%. This price jump coincided with the launch of confidential perpetual futures on near.com.

The new product allows traders to open positions without linking them to their public account details, providing an additional layer of privacy and security. The introduction of confidential perpetual futures has been successful, drawing in capital and boosting trading activity.

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