š° NEAR This time itās gone viral. On the surface, it looks like the āNEAR@3.33ā incentive programābut in practice, the mechanics are far better at capturing people than a typical airdrop. In āsecret mode,ā once locked assets break $70 million, the first phase completes the snapshot. Qualified users will share 333,333 milestone tokens.
š„ But the tokens canāt be sold right away. The rules require NEARās three-day volume-weighted average price to reach or exceed $3.33; only then will the rewards be converted 1:1 into transferable NEAR. By this standard, the nominal value of the rewards is about $1.11 millionāessentially tying users, capital, and market attention to a single condition.
Honestly, $1.11 million canāt explain NEARās market value increasing by more than $1.2 billion in three days. The real driver of the capitalās āreset and reboundā is that NEAR Intents generated roughly $5.01 million in total fees over the past 30 days, the protocol kept about $1.58 million in net revenue, and the multi-sig buyback address has also accumulated around 1.158 million NEAR.
š” The product isnāt just about concepts. On September 9, four addresses controlled by the same entity used NEAR Intents with 2,500 ETH to obtain 6,601.37 ZEC, worth approximately $8.21 million, and paid about $42,000 in service fees. Large traders are willing to pay this moneyānot for the tokens alone, but for keeping the order direction, size, and execution timing from being publicly scrutinized.
š Now even perpetual contracts are integrated into secret accounts: users can deposit assets across chains and hide their position size, entry price, and trade direction. Do you think this round of changes for NEAR is only hype driven by incentivesāor can the protocolās revenue and secret trading truly support future demand?
#NEAR #NEARIntents #éē§äŗ¤ę #Cross-chain transaction
š„ But the tokens canāt be sold right away. The rules require NEARās three-day volume-weighted average price to reach or exceed $3.33; only then will the rewards be converted 1:1 into transferable NEAR. By this standard, the nominal value of the rewards is about $1.11 millionāessentially tying users, capital, and market attention to a single condition.
Honestly, $1.11 million canāt explain NEARās market value increasing by more than $1.2 billion in three days. The real driver of the capitalās āreset and reboundā is that NEAR Intents generated roughly $5.01 million in total fees over the past 30 days, the protocol kept about $1.58 million in net revenue, and the multi-sig buyback address has also accumulated around 1.158 million NEAR.
š” The product isnāt just about concepts. On September 9, four addresses controlled by the same entity used NEAR Intents with 2,500 ETH to obtain 6,601.37 ZEC, worth approximately $8.21 million, and paid about $42,000 in service fees. Large traders are willing to pay this moneyānot for the tokens alone, but for keeping the order direction, size, and execution timing from being publicly scrutinized.
š Now even perpetual contracts are integrated into secret accounts: users can deposit assets across chains and hide their position size, entry price, and trade direction. Do you think this round of changes for NEAR is only hype driven by incentivesāor can the protocolās revenue and secret trading truly support future demand?
#NEAR #NEARIntents #éē§äŗ¤ę #Cross-chain transaction
