#NEARIntents用户付费超2900万美元
NEAR Intents has been quietly making a killing. Since turning on fees in February, users have paid over $29 million. It used to do the work for free; now it’s charging a toll.
What it does is simple: swap tokens across chains without worrying about bridges, gas, or switching wallets. Just state what you need, and market makers compete for the order—the best quote wins. It now connects 31 chains and over 100 assets, with settlements taking around 30 seconds.
Most of the money comes from market-maker spreads and frontend fees, while the protocol itself keeps relatively little—about $1.97 million over the past 30 days. But it accounts for over 85% of NEAR protocol revenue, and the proceeds are also used to buy back NEAR. In September, buybacks totaled 1.84 million, up 2.5x from August.
The numbers are impressive: trading volume hit $4.8 billion over the past 30 days, nearly 9x year over year. But traffic is concentrated in external aggregators like SwapKit, so it remains to be seen how much NEAR itself can capture.
Bottom line: turning on fees has brought in real revenue. Whether it lasts depends on how steady trading volume stays. How far do you think NEAR can go from here?
NEAR Intents has been quietly making a killing. Since turning on fees in February, users have paid over $29 million. It used to do the work for free; now it’s charging a toll.
What it does is simple: swap tokens across chains without worrying about bridges, gas, or switching wallets. Just state what you need, and market makers compete for the order—the best quote wins. It now connects 31 chains and over 100 assets, with settlements taking around 30 seconds.
Most of the money comes from market-maker spreads and frontend fees, while the protocol itself keeps relatively little—about $1.97 million over the past 30 days. But it accounts for over 85% of NEAR protocol revenue, and the proceeds are also used to buy back NEAR. In September, buybacks totaled 1.84 million, up 2.5x from August.
The numbers are impressive: trading volume hit $4.8 billion over the past 30 days, nearly 9x year over year. But traffic is concentrated in external aggregators like SwapKit, so it remains to be seen how much NEAR itself can capture.
Bottom line: turning on fees has brought in real revenue. Whether it lasts depends on how steady trading volume stays. How far do you think NEAR can go from here?