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Crypto DeFi

NEAR Rallies Over 50% as Chain Pivots to Cross-Chain Intents, Privacy

NEAR rose from about $2.3 to above $3.9 over the past week, a gain of more than 50%, as the network shifted its focus from sharding to cross-chain trading, privacy and derivatives. NEAR’s NEAR@3.33 milestone program triggered its first snapshot on Sept. 17 after privacy-account assets on near.com reached $70 million, unlocking a 333,333 NEAR pool worth about $1.11 million if NEAR’s three-day volume-weighted average price holds at or above $3.33.

Original source

AI take

The move reads less as a sentiment shift than as a narrative re-rating: NEAR is asking the market to value it as an intents and privacy venue rather than a sharding story, and the token responded to that framing. The program mechanics matter more than the headline gain — the unlock is conditional on a volume-weighted price threshold, so the reward and the rally are now referencing each other, with a snapshot already taken. What is worth watching is whether privacy-account deposits keep growing on their own, or whether activity is being pulled forward by the incentive window.

Generated by AI for reference only.

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