Today, while scrolling on my phone, I came across a small update that made me stop. Confidential Intents TVL on NEAR has
crossed $35M.
I didn’t read that as just another TVL milestone. The important part for me is the distance left to Drop 1: $35M is already half of the $70M target, so participation timing now has a real effect on the incentive outcome.
What I find more useful is understanding what the campaign is actually measuring. Users are being encouraged to turn on confidential mode, so the experiment goes beyond attracting capital. It is testing whether people will deliberately choose a more private transaction flow when there is an incentive to try it.
That distinction matters because temporary TVL is easy to create with rewards. Repeated usage is harder. If users keep using confidential mode after the Drop 1 incentive disappears, that would suggest the privacy feature itself has utility beyond the campaign.
So I’m watching the behavior, not just the balance.
Will confidential mode keep its users once the incentives end, or does the current growth depend mainly on rewards? 👀
@NEAR Protocol @Binance Square Official $NEAR $INJ $USDC #NEAR #ConfidentialIntents #DeFi #Privacy #Web3