The post NEAR crypto jumps 11% as Intents volume crosses $27B appeared on BitcoinEthereumNews.com.
Near Protocol’s [NEAR] Intents just crossed a pretty big milestone. But can it help the native token soar? Is NEAR expanding faster than expected? NEAR Intents is the infrastructure that lets assets move across chains behind the scenes. This has now crossed $27 billion in volume across 34 different chains! Wallets like Ledger, browsers like Brave, and platforms like Infinex and LI.FI are all plugging into it. Interestingly, Zcash [ZEC] can now move into Solana [SOL] through NEAR Intents. Confidential Hyperliquid [HYPE] perps are extending that same rail toward private trading. The point, is that Near Intents is becoming the plumbing that other platforms can rely on. NEAR crypto price finally catches up! NEAR jumped over 11% recently, moving from around $2.32 to $2.59. And this isn’t an overnight rise. Source: TradingView RSI was up at 74; overbought territory for the first time since a similar run back in May-June. Back then, the rally died along with the RSI. This time, however, the MACD line was above the signal line, and the histogram bars were growing. Buyers aren’t done yet. A look at the derivatives side, and it can be seen that things are much more interesting. Source: Coinalyze Aggregated Open Interest [OI] on NEAR was at $458 million at press time. OI has been going up since the beginning of the month, after going sideways for a time. Funding Rates have stayed mostly positive throughout, around 0.0117 lately. It seems traders have largely been comfortable staying long. The timing is notable: NEAR’s rally has arrived as Intents reaches a major adoption milestone. However, the data does not establish that Intents growth caused the token’s 11% move. For now, rising OI and positive funding show that traders are increasingly participating in the rally, while the $27 billion milestone strengthens NEAR’s…