$NEAR 's rally looks crazy on the chart.
But the more interesting part is what's happening underneath it.
NEAR was trading around $4.29 on Sept. 21 after gaining roughly 80% in a week.
At the same time, NEAR Intents has reached about $29.3B in cumulative volume.
And there's another development that caught my attention:
NEAR announced confidential-by-default deposits and withdrawals for perpetual futures trading through near.com.
So the current NEAR narrative isn't simply “L1 goes up.”
It's becoming a combination of:
cross-chain execution + Intents + privacy + derivatives.
That makes the current rally easier to understand.
It also makes the next part harder.
After an ~80% weekly move, the market needs to prove that users and volume are growing alongside the token.
If NEAR cools down without losing the underlying activity, that could be healthier than another vertical candle.
$NEAR
But the more interesting part is what's happening underneath it.
NEAR was trading around $4.29 on Sept. 21 after gaining roughly 80% in a week.
At the same time, NEAR Intents has reached about $29.3B in cumulative volume.
And there's another development that caught my attention:
NEAR announced confidential-by-default deposits and withdrawals for perpetual futures trading through near.com.
So the current NEAR narrative isn't simply “L1 goes up.”
It's becoming a combination of:
cross-chain execution + Intents + privacy + derivatives.
That makes the current rally easier to understand.
It also makes the next part harder.
After an ~80% weekly move, the market needs to prove that users and volume are growing alongside the token.
If NEAR cools down without losing the underlying activity, that could be healthier than another vertical candle.
$NEAR
