NEAR Protocol's Intents Surges to $169M in Total Value Locked Amid Protocol Upgrades

NEAR Protocol's Intents, an intent-based cross-chain execution layer, has achieved a total value locked (TVL) of $169 million across 26 blockchain networks, reflecting a remarkable 77.2% increase over the past month, as reported by DefiLlama.

Among the 26 chains, NEAR's own blockchain accounts for approximately 52% of the TVL, equating to around $87.23 million. Ethereum follows with about $45.89 million, while other networks like Tron, Bitcoin, and Binance Smart Chain also contribute to the total.

In addition to this growth, NEAR has released nearcore 2.14.0-rc.1, a significant protocol and database upgrade. This release candidate introduces critical changes, including the removal of contract gas rewards and the addition of a new host function for verifying post-quantum digital signatures.

The recent surge in TVL can be attributed to NEAR Intents' integration with various wallets and aggregators, enhancing accessibility for users. Each new chain integration not only expands potential routing paths but also introduces new risks associated with cross-chain transactions.

Over the last 30 days, NEAR Intents generated approximately $5.87 million in fees, with $1.29 million contributing to protocol revenue. The cumulative transaction volume has reached tens of billions, showcasing the growing adoption and utility of the platform.