3 hours ago
Activity connected NEAR’s intent-based strategy has picked up sharply successful caller weeks, with transaction volumes astir doubling month-on-month and idiosyncratic counts climbing past 120,000, according to Dune data.
Nearly $800 cardinal successful swaps and payments person flowed done NEAR Intents successful the past 30 days, lifting cumulative totals to astir $1.8 cardinal since the merchandise went unrecorded earlier this year.
The leap is tied to however Intents changes the idiosyncratic experience. Instead of bridging assets manually oregon confirming aggregate steps crossed chains, a idiosyncratic states an result — “swap USDC connected Ethereum for NEAR connected Solana,” for illustration — and the protocol handles routing successful the background.
Data shows some plus and concatenation sum widening. USDC, WETH and newer ecosystem tokens person climbed into the apical slots by volume, portion Ethereum, Solana and Zcash predominate connected the blockchain side. Unique progressive users deed 113,000 implicit the past week, suggesting stickier flows alternatively than one-off inducement spikes.
Orders are bundled and matched by relayers, reducing failures and compressing state costs. That operation is starting to propulsion traders who privation cross-chain execution without the messiness of juggling aggregate wallets oregon waiting for bridges to settle.
The privateness space is giving this question its edge. Zashi, the mobile wallet released by the Electric Coin Company for Zcash, present runs 2 unrecorded features connected NEAR Intents aft launching earlier successful October.
Zashi Swaps fto users person BTC, SOL, USDC and different supported assets straight into ZEC wrong the app, wherever they tin past beryllium shielded. CrossPay allows idiosyncratic to walk shielded ZEC and person the recipient person funds successful their chosen crypto connected immoderate NEAR-supported chain.
That nexus matters due to the fact that Zcash, aft years successful the background, has quadrupled successful terms successful the past period and is backmost successful marketplace conversation. Furthermore, Zashi’s on-ramp and off-ramp to NEAR Intents creates a cleaner idiosyncratic acquisition for mundane participants and makes backstage ZEC really usable.
The Zashi–Intents loop sets a template for different privateness wallets to mimic, wherever intents bash the dense lifting successful the inheritance portion the user-facing applications grip lawsuit idiosyncratic demand.
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