NEAR Protocol said it has launched Confidential Intents, opening its confidential execution infrastructure to all developers and enabling private transactions through the NEAR Intents 1 Click Swap API.
According to ChainCatcher, NEAR said the system uses encryption rather than proof generation, does not require client-side proofs, and is designed not to add complexity to wallets. NEAR added that each user’s data is encrypted individually rather than pooled for obfuscation, and that integration requires adding a parameter without rebuilding existing applications.
NEAR also reported usage metrics tied to the feature, including more than $1.5 billion in ZEC settled via NEAR Intents, 42% of transaction volume on near.com using confidential mode within weeks of launch, and daily confidential total value locked exceeding $30 million.
NEAR Protocol Launches Confidential Intents for Private Transactions via Intents API
2026-07-08 00:26:13
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