NEAR Intents Tops $24B As Network Ships Major Upgrades

Intents Volume Hits $24 Billion

NEAR Protocol says its Intents cross-chain execution layer has surpassed $24 billion in all-time transaction volume, according to the project's latest monthly development recap. The milestone reflects a sharp acceleration in adoption: the platform had only just crossed $20 billion in early June 2026, having reached $10 billion in January and $5 billion as recently as November 2025.

The growth rate has been notable. The first $5 billion took roughly 305 days, while more recent increments have arrived far faster. The platform has now processed over 25 million swaps and connects assets across dozens of chains. $NEAR Intents uses an intent-driven model in which competing solvers bid to fulfill user requests, handling cross-chain execution, atomic swaps, and bridging without requiring users to manage individual transactions manually.

Protocol 2.13 and a Broader Development Push

Alongside the volume update, NEAR Protocol shipped its 2.13 mainnet upgrade on July 20. The release adds quantum-safe signing through the NIST-approved FIPS-204 (ML-DSA) scheme, making NEAR one of the first layer-1 blockchains to deploy a post-quantum signature standard in a live production environment. Dynamic resharding also went live with this upgrade, allowing the network to split shards automatically as demand grows, without requiring validator votes or manual intervention.

The monthly recap covered several additional developments. NEAR Protocol launched staking for AI compute, expanding the protocol's push into AI infrastructure. Confidential Intents, which enables private execution of transactions, was made generally available. The team also published a public roadmap and expanded cross-chain integrations, extending the reach of NEAR's chain abstraction stack.

The protocol's fee mechanics add a tokenomic dimension to the volume growth. 100% of NEAR Intents fees are used to purchase $NEAR directly on the open market, creating buy pressure that scales with transaction volume as the network approaches a deflationary threshold.

Sources:
PR Newswire: NEAR Protocol Brings Quantum-Safe Signing to Mainnet
Crypto Briefing: NEAR Intents Surpasses $20B in All-Time Transaction Volume
CryptoTimes: NEAR Launches Quantum-Safe Mainnet Upgrade With Resharding