NEAR Protocol Sees Record-Breaking Transaction Activity in Q2 2026 Update

NEAR Protocol has announced its Q2 2026 update, highlighting significant progress in user adoption and infrastructure development. The network processed an average of 854,000 daily transactions and 121,000 daily active addresses during the quarter.

The project's focus has shifted from building core infrastructure to demonstrating measurable adoption through increased transaction activity, privacy-focused features, and expanding cross-chain functionality.

One notable achievement is the growth of Confidential Intents, which conceals transaction details while allowing selective disclosure. By the end of Q2, TVL exceeded $30 million, with 42% of swaps executed privately by default.