NEAR Protocol's Price Soars as Confidential Transactions Pipeline Hits $70 Million Milestone

The NEAR Protocol has reached a historic milestone, with its price surging 7.59% to $2.51 following the attainment of the '[email protected]' Milestone.

This milestone was achieved through the network's '[email protected]’ Milestone Incentive Program', which rewards ecosystem growth by airdropping [email protected] tokens to eligible users whenever its total value locked (TVL) attains a pre-set landmark. The program automatically distributes 333,333 locked and non-transferable [email protected] tokens once the confidential transactions pipeline hits a $70 million TVL.

At press time, Near Protocol had surpassed the set target, with TVL growing 129.3% in the past 90 days to hit $70.79 million. Eligible users must have maintained a balance above $100 and successfully executed at least one confidential swap to receive [email protected] tokens.