NEAR Token Surges 13% Amid Confidential Perpetual Futures Launch

NEAR Protocol's September rally accelerated on Sunday as its token NEAR climbed about 13% to $4.07, reaching an intraday high of approximately $4.31.

The price increase is attributed to the expansion of near.com's cross-chain infrastructure into leveraged derivatives, launching confidential perpetual futures powered by Hyperliquid.

Traders can access more than 50 perpetual markets with leverage of up to 40x, while NEAR Intents handles the movement and conversion of assets used to fund their accounts.

The 'confidential' label applies only to the connection between a trader's funding source and trading account, not to making Hyperliquid's underlying market activity invisible.