🚨 $NEAR BACK ABOVE $5 AFTER INTENTS HACK!
The $3.8M drained from the NEAR Intents USDT vault was reportedly returned in full within roughly 48 hours.
The team identified the attacker in under 24H, gave them a 48-hour deadline, and the funds came back with an on-chain message admitting they were in the wrong.
Case closed. 👀
And the bigger picture is still getting stronger:
📈 $32.79B all-time Intents volume — 23.8x YoY
💰 $6.36M fees in the last 30D
💵 $1.71M net revenue in 30D
🔥 ~$14.43M cumulative protocol revenue/burn
📊 Confidential TVL: $156M, up 2.9x MoM
Then there are several potential catalysts ahead:
🏦 Grayscale NEAR ETF — still pending
🚀 Bitwise spot ETF (NRR) — already live, with roughly $53M AUM in its first 3 days
🗳️ House of Stake vote — proposed issuance reduction from 2.5% → 1.6% over 24 months, potentially cutting **66M $NEAR ($330M)** if approved
🤖 Q4 roadmap — agent layer, AI portfolio tools, more yield and RWA rails built on top of Intents
The hack was obviously a negative event.
But the response matters.
Funds recovered. The vulnerability was addressed. And the underlying network metrics continue to grow.
If anything, my conviction is even stronger now.
What doesn’t kill you makes you stronger. 💪🔥
The $3.8M drained from the NEAR Intents USDT vault was reportedly returned in full within roughly 48 hours.
The team identified the attacker in under 24H, gave them a 48-hour deadline, and the funds came back with an on-chain message admitting they were in the wrong.
Case closed. 👀
And the bigger picture is still getting stronger:
📈 $32.79B all-time Intents volume — 23.8x YoY
💰 $6.36M fees in the last 30D
💵 $1.71M net revenue in 30D
🔥 ~$14.43M cumulative protocol revenue/burn
📊 Confidential TVL: $156M, up 2.9x MoM
Then there are several potential catalysts ahead:
🏦 Grayscale NEAR ETF — still pending
🚀 Bitwise spot ETF (NRR) — already live, with roughly $53M AUM in its first 3 days
🗳️ House of Stake vote — proposed issuance reduction from 2.5% → 1.6% over 24 months, potentially cutting **66M $NEAR ($330M)** if approved
🤖 Q4 roadmap — agent layer, AI portfolio tools, more yield and RWA rails built on top of Intents
The hack was obviously a negative event.
But the response matters.
Funds recovered. The vulnerability was addressed. And the underlying network metrics continue to grow.
If anything, my conviction is even stronger now.
What doesn’t kill you makes you stronger. 💪🔥
