NEAR Intents just hit $5 billion in all-time volume.
A thread on Intents’ breakout growth and why it’s becoming the unified liquidity layer for cross-chain DeFi 🧵
Intent-based transactions is something the industry anticipated for years. NEAR delivered it.
Intents enables you to execute complex, multi-chain transactions without having to set up multiple wallets, juggle gas, or bridge/wrap assets. Intents abstracts away all this:
Intents is possible thanks to NEAR’s scalable architecture and chain abstraction innovations:
-Sharded infrastructure for 1.2s finality and $0.01 compute fee
-Chain Signatures + Omni Bridge for multi-chain operations from a single account
Intents now supports 125+ assets:
Major ecosystems have integrated NEAR Intents to expand their cross-chain coverage, from EVM to non-EVM chains. Intents gives cross-chain DeFi users deep liquidity, better price discovery, and a decentralized alternative to CEXs.
NEAR Intents is also the cross-chain infrastructure making Zcash more accessible. The market has spoken: people want shielded assets. With Intents, users can now swap native ETH, BTC, SOL, and more for native ZEC.
The breakthrough of Intents is the smooth, familiar UX of Web2 but with the control of Web3. From one account, you can swap assets natively on other chains, no centralized custodian necessary. Intents is ultimately a story about different blockchain ecosystems working together.
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