Near Protocol Surges Past $300 Million in TVL Amid Ondo Partnership

Near Protocol's TVL has been on a tear, increasing by over $100 million in just seven days. The surge is largely attributed to the partnership between Near and Ondo Finance, which was announced on Tuesday.

This collaboration will bring tokenized stocks and ETFs into the Near ecosystem, marking a significant push into one of the top narratives of the current crypto season.

The number of intents on the Near Protocol has also skyrocketed, with confidential (private) intents surpassing public ones in terms of TVL. This suggests that privacy is taking center stage in Near Protocol transactions.