NEAR Token Surges Ahead of Next Milestone

The NEAR Protocol token has seen a significant price surge to $2.41, up 8.68% over the past 24 hours, as it approaches the next milestone in its reward program.

This milestone is tied to the growth of Confidential Intents, a privacy feature on the NEAR blockchain that allows users to hide trade size, direction, and timing while still settling transactions in a verifiable way.

The total value locked (TVL) in Confidential Intents has surpassed $60 million, leaving only $10 million to go before a $70 million trigger sets off a token snapshot.

This snapshot will reward users who have shown real and sustained use of the privacy feature with milestone tokens, which can be converted into NEAR at a 1:1 ratio once the token's volume-weighted average price holds above $3.33 for three consecutive days.