NEAR Intents Hits Record Transaction Volume, Raising Hopes That a Price Recovery is “NEAR”

NEAR Intents, a multichain trading protocol on NEAR Protocol designed for AI agents to execute complex transactions seamlessly, hit a record daily fee revenue exceeding $400,000 in November, pushing cumulative fees past $10 million. Daily trading volume also increased tenfold from the previous quarter, consistently staying above $150 million, with 30-day cumulative volume surpassing $3 billion. Bitwise predicts NEAR Intents' weekly volume could reach $10 billion by June 2026. This growth is partly driven by the integration with the Zashi wallet, facilitating swaps into shielded ZEC, which now accounts for about 10% of the protocol's daily volume. Despite these strong fundamentals and volume surges, the NEAR token's price remains stuck in a $1.90 to $3.10 accumulation range, pressured by Bitcoin's decline. Analysts suggest that while a drop to $0.60 is possible if Bitcoin falls significantly, the current price near $1.90 aligns with strong support, potentially setting the stage for a future recovery.

(Source：BeInCrypto)