$NEAR has launched confidential perpetual trading by default, adding a privacy layer to on-chain derivatives.

Through NEAR’s Confidential Intents, traders can keep their wallet identity and funding path hidden while accessing more than 50 perpetual markets through Hyperliquid’s execution and liquidity infrastructure.

Privacy does not remove market transparency, as positions still interact with Hyperliquid’s public order books while keeping the link between a trader’s wallet and position private.

This can reduce exposure to strategy copying and on-chain tracking, giving NEAR a new role around private trading infrastructure while using Hyperliquid’s established market liquidity.

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