Near Protocol Rallies Over 80% on Confidential Perpetual Futures Launch

Near Protocol's price has surged over 80% this week following the launch of confidential perpetual futures in collaboration with Hyperliquid infrastructure.

The product, which went live on September 17, merges Hyperliquid's infrastructure with Near technology for confidential transactions. This allows traders to use derivatives without publicly linking their wallets or funding sources to specific positions.

Near Protocol first climbed past the $3 mark before consolidating between $3.50 and $3.80. On September 20, the price accelerated sharply above $4.20, reaching a weekly peak of approximately $4.00.

The launch of confidential perpetuals is not the only factor contributing to Near's price growth. The token saw a roughly 46% weekly increase in early stages of the rally, while daily volume reached approximately $1.8 billion on September 18.