๐ NEAR Brings Privacy to Perpetual Trading
$NEAR is taking a different approach to decentralized perpetual trading by making confidential trading the default through its Confidential Intents infrastructure.
The new setup allows traders to access 50+ perpetual markets through Hyperliquidโs infrastructure, while the funding path and connection between a traderโs wallet and position are kept private.
๐ How Does It Work?
NEAR Intents handles the confidential funding route and cross-chain asset conversion, while Hyperliquid remains the execution and liquidity layer.
Importantly, this does not mean the trades themselves disappear. Positions can still interact with Hyperliquidโs public order book. The key privacy improvement is that outside observers have a much harder time linking a specific wallet or funding transaction to a particular trading position.
๐ Why It Matters
For active traders, public wallet activity can reveal funding movements and trading strategies. NEARโs approach attempts to combine the liquidity of an established perpetuals venue with an additional privacy layer.
With access to more than 50 markets and leverage of up to 40x, the integration gives traders a broad range of markets while keeping the funding path confidential.
The bigger question now is whether privacy can become a major feature of on-chain trading rather than simply an optional tool.
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