Near Surpasses Avalanche in DEX Volume with Intent-Based Trading

Near Protocol has surpassed Avalanche in decentralized exchange (DEX) volume for a day, logging $197.55 million in 24-hour activity as of October 1, 2026, according to DefiLlama.

This achievement is largely driven by Near's intent-based trading architecture, known as NEAR Intents, which has processed over $31 billion in cumulative DEX volume and reached a daily peak of $300 million in mid-to-late September 2026.

The growth in Near's native-chain TVL has been tied to rising interest in liquidity projects like Rhea Finance and liquid staking protocols across the ecosystem, as well as advances in privacy features within NEAR's intent mechanisms that have drawn activity connected to Zcash.