NEAR Intents Transaction Volume Doubles, Surpassing $800 Million in 30 Days
Recent activity on NEAR's intent-based system has surged, with transaction volumes nearly doubling month-on-month and user counts surpassing 120,000, according to Dune data. Key highlights include:
- Almost $800 million in swaps and payments processed through NEAR Intents in the past 30 days, increasing cumulative totals to about $1.8 billion since its launch.
- Intents enhance user experience by automating asset swaps and transactions across chains, e.g., "swap USDC on Ethereum for NEAR on Solana."
- Assets like USDC, WETH, and newer tokens are leading in volume; Ethereum, Solana, and Zcash are dominant blockchains.
- Unique active users climbed to 113,000 over the past week, indicating sustained engagement rather than one-off incentives.
- Order bundling by relayers reduces failures and gas costs, attracting traders seeking seamless cross-chain execution.
- Zashi mobile wallet now integrates two features on NEAR Intents: Zashi Swaps and CrossPay, enhancing privacy and usability for Zcash.
- Zcash's recent price quadrupling has renewed market interest, with Zashi facilitating smoother user interactions with NEAR Intents.
The integration of privacy features and ease of use sets a precedent for other privacy wallets to follow, leveraging intents to streamline backend processes while focusing on user demands.