Don’t read a governance seat as a cross-chain alliance just yet.
Helius CEO Mert Mumtaz has joined the $NEAR Foundation Council, helping shape product strategy, drive ecosystem growth, and take part in governance. He will also serve as a judge at the $NEAR Hackathon from November 1 to 14. The Council oversees the foundation and its most important decisions. He was previously an early user of $NEAR Intents. The foundation’s figures: cumulative transaction volume has exceeded $33 billion, and current confidential TVL is over $160 million.
On the other hand, I’m watching just one price. Solana $SOL is currently at 101.39 USDT, down 3.48% over 24 hours. If this appointment had already delivered a material boost through Solana $SOL infrastructure spillover, the market hasn’t responded in kind. The announcement clearly spells out his judging and strategy roles, but gives no new partnership value and doesn’t say Helius will integrate its product with $NEAR . The $33 billion figure is cumulative transaction volume; it doesn’t reflect the incremental impact of this personnel move today.
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