NEAR Intents fuels $2.7M in Q4 buybacks as revenue surges

NEAR Protocol [NEAR] is within the information for all the great causes. In accordance with stories, the decentralized finance (DeFi) ecosystem of NEAR is seeing elevated exercise by means of its cross-chain swap product, NEAR Intents, which has generated sufficient income to fund practically $2.7 million value of NEAR token buybacks within the This autumn of 2026.

Apparently, this determine is already near the $3.07 million spent on buybacks in Q3 2026, though half of This autumn remains to be left. So for these unaware, the buyback program started in February 2026. Since then, the protocol has bought roughly $8 million value of NEAR tokens.

NEAR Intents steals the highlight

Actually, up to now now, NEAR Intents has collected roughly $8.68 million in charges for the reason that 1st of October. Of this quantity, round $2.82 million has been retained by the protocol, whereas the remaining $5.86 million has gone to solvers and companion functions.

In accordance with Token Terminal information, income began round $315K in December 2025, climbed to a primary peak of roughly $740K in February 2026, then fell sharply to round $200-240K between April and July, earlier than rebuilding by means of the autumn to $650K in September. Lastly, it crossed the $1 million mark in October.

Because of this NEAR Intents is the primary income driver, contributing roughly 74% of October’s complete and the majority of income in practically each month, whereas the bottom protocol’s contribution stays comparatively small and regular at round $30-260K.

That mentioned, the platform recorded $3.76 billion in swap quantity over the previous 30 days, taking its cumulative quantity since launch to roughly $37.3 billion. Nevertheless, sustained buyback exercise doesn’t essentially assure value appreciation.

Value motion sparks issues, however…

The current value motion of NEAR buying and selling at ​​$3.51 after a drop of two.6% previously 24 hours mirrored the identical. On the similar time, the NEAR ETFs additionally noticed outflows value $5.74 million within the month of November up to now.

But regardless of these weak market dynamics, the entire worth locked (TVL) in NEAR Intents’ confidential swimming pools stood at $140.79 million at press time, up 402.7% over the past 90 days.

That mentioned, the TVL began round $27 million in mid-August and grew steadily by means of early September, then surged sharply in mid-to-late September, peaking at roughly $185 million round 25-26 September.

After that peak, it pulled again and settled into a reasonably secure vary of about 135 million to 165 million by means of October and early November, with a minor dip close to the tip of October. Actually, based on a current report by AMBCrypto, NEAR Intents recorded $10.41 billion in Q3 buying and selling quantity, up 66% quarter-on-quarter and 891% year-on-year.

This, nonetheless, coincided with North Korean hackers linked to the $6.3 billion Binance exploit utilizing six memecoins created on NEAR to launder stolen cryptocurrency, shifting roughly 117,000 NEAR value $430,000.

Closing Abstract

• NEAR Intents collected roughly $8.68 million in charges for the reason that 1st of October 2026.
• NEAR value motion was within the fingers of sellers, because it was buying and selling at ​​$3.51 after a drop of two.6% previously 24 hours.