HELIUS CEO JOINS NEAR FOUNDATION COUNCIL: CROSS-CHAIN LIQUIDITY INTEGRATION BOLSTERS NEAR MOMENTUM
The market saw an immediate reaction in NEAR, gaining 12% following the strategic appointment of Mert Mumtaz, CEO of leading infrastructure firm Helius, to the NEAR Foundation Council to spearhead cross-chain execution rails.
Enlisting a premier infrastructure builder with deep operational authority across alternative networks represents a decisive structural pivot. Rather than competing in fragmented silos, unifying liquidity pipelines across Solana, Bitcoin, and Zcash via NEAR Intents positions the network as an essential intent-centric coordination hub. With cumulative execution volume crossing 33 billion USD and confidential TVL topping 160 million USD, the framework abstracts complex bridging frictions. Deploying tier-one infrastructure leadership directly addresses security considerations following the early October 2026 exploit of 3.8 million USD. This restoration of enterprise confidence transforms tentative positioning into resilient spot absorption, systematically boosting protocol throughput and long-term utility for NEAR as cross-chain settlement volumes ramp up.
Looking ahead, NEAR is well positioned to test upper range limits as the NEAR Hackathon approaches in November 2026 alongside institutional judges from a16z crypto and Dragonfly. If native intents paired with AI Cloud infrastructure yield sticky commercial deployments, NEAR’s upward trend should solidify.
Can cross-chain intent architecture position NEAR as the primary settlement liquidity layer across modern ecosystems? If this logic makes sense, drop a follow for more market breakdowns.
Please do your own research carefully before making any transactions (DYOR). $NEAR $AVA $ERA #Colecolen