Near Token Soars 80% in a Week Amid Expanded Privacy Focus

Near Protocol's native token NEAR has surged nearly 80% in just one week, outperforming the wider crypto market. The price of NEAR rose from around $4.29 on Monday to over $7.70, according to CoinGecko.

This significant price increase comes as Near expands its privacy-focused trading services, including the introduction of Hyperliquid trading accounts that obscure the link between a trader's funding wallet and their dedicated account.

NEAR Intents, a feature that lets users request cross-chain swaps with market makers competing to execute them, has seen a significant boost in activity. The cumulative volume on NEAR Intents reached $29.3 billion, with over $842 million traded in the past seven days.