NEAR Protocol Price Surges 28% on Launch of Confidential Perpetual Futures
The price of NEAR Protocol surged by nearly 28% over the past 24 hours to around $3.47 on September 18, following the launch of confidential perpetual futures on near.com.
This new product allows traders to open positions without publicly linking them to their account, providing a level of anonymity and giving users access to more than 50 perpetual markets.
The launch came as NEAR's confidential finance products were already drawing in significant capital, with Confidential Intents crossing $70 million in total value locked on September 15, triggering the first snapshot under the NEAR@3.33 incentive programme.
While the token's price move above $3.33 on September 18 does not by itself satisfy the unlock condition for the allocated tokens, which remain locked until NEAR's three-day volume-weighted average price reaches at least $3.33.