📈 It’s no longer just hype around privacy and ZEC. The network has gained a new source of income — #Near Intents.
Standard transaction commissions have fallen 83% since January 2025—down from about $120k to $20k per week. On the other hand, after the launch of commissions in Intents in February 2026, this product has started generating around 85% of the network’s revenue.
In simple terms: Intents helps exchange assets between blockchains without manually assembling a route and without needing to hold gas tokens in every network. And NEAR now earns primarily from these kinds of exchanges rather than from the old activity within the network.
But there’s a catch 🌍 SwapKit provides about 35% of Intents volume and 61% of fees. At the same time, it compares routes for each transaction and can choose not NEAR, but THORChain, Maya, or Chainflip. The flow isn’t guaranteed—you have to win it repeatedly through pricing and execution.
🕊️ Privacy adds to the intrigue: the value of assets in private Intents increased from $28 million to $131 million. But about half of that amount is wrapped NEAR in the rewards program. External deposits are about $65 million.
😌🫴Even with AI, there’s no magic yet: $NEAR R AI Cloud does not disclose financial metrics that would let you assess its contribution to token holders.
🌌Conclusion: NEAR has a working and monetizable product—that’s stronger than a single narrative.
But the key question for long-term growth is: can Intents maintain volume if a significant portion of swaps comes through an intermediary that each time selects the best route?
