Crypto
NEAR Token Surges 78% Amid Expansion of Privacy-Focused Trading Services
Near Protocol's NEAR token surged by 78.2% over the past seven days, reaching $4.29 on Monday according to CoinGecko.
The price increase coincided with the expansion of privacy-focused trading services through near.com, including confidential deposits and withdrawals for perpetual futures.
Near Protocol's confidential total value locked crossed $70 million, triggering the first snapshot under the NEAR@3.33 incentive program, which allocated 333,333 milestone tokens for the first distribution.
However, Bitwise research analyst Camran Khosravi cautioned that Near Intents' TVL can rise when the price of ZEC already held within the system increases, even without new deposits.