NEAR Confidential Intents TVL Hits $60M, Approaching $70M Reward Snapshot
NEAR Protocol (NEAR)
Editor:
Eugene Serbin
bsc.news reports that NEAR Protocol's Confidential Intents total value locked has surpassed $60 million, placing the protocol just $10 million away from triggering its first major reward event. When aggregate TVL reaches $70 million, a snapshot for the Drop 1 event will be taken to lock in allocations for eligible participants in the [email protected] program. This milestone incentive program distributes a fixed pool of 333,333 milestone tokens to users who hold a confidential balance above $100 and completed at least one confidential swap before the threshold is reached.
Allocations are scored by sustained confidential balance weighted by time held, giving an advantage to earlier participants, with a cap of 2 percent or roughly 6,666 tokens per wallet. The tokens are initially non-transferable and convert to NEAR on a 1:1 basis only if the volume-weighted average price holds at or above $3.33 for three consecutive days. Confidential Intents serves as NEAR's private execution layer for cross-chain swaps, shielding transaction amounts and counterparties from on-chain visibility to protect against MEV and frontrunning.
TVL has grown from roughly $26 million in mid-June 2026 to over $60 million by early September, indicating a steady pace toward the milestone. More drops are planned after Drop 1, with conditions calibrated to higher levels of community activity.
How the market reacted
Whalio's own Binance spot order flow for NEAR, measured when this story was written up on 7 September 2026. Not the outlet's figures.
NEAR is trading at $2.44 with a 24-hour spot volume of $88,724,790 across 571,427 trades. The 24-hour buy ratio stands at 52.9%, indicating a slight majority of volume is buying, while the 1-hour and 4-hour buy ratios are 52.7% and 51.3% respectively. Volume delta shows positive net inflows of $85,007 in the last hour and $169,672 over four hours, contrasting with a negative cumulative volume delta of -$858,322 for the 24-hour period. This suggests that while recent short-term flow is net buying, the broader daily trend has seen more selling pressure overall. The buy ratio measures the proportion of volume that is buyer-initiated, so ratios above 50% indicate that buyers are more aggressive than sellers in that timeframe.
The latest daily buy ratio of 49.0% sits at the 37th percentile of the last 324 days, against a median of 49.7% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for NEAR, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.9%, making today's 52.9% reading an unusual day with a 3.0 point increase in buying pressure. Spot volume for the 24-hour period is 2.20 times the weekly average, signaling significantly higher activity than usual. The coin has seen a 34.0% price change over eight days, with a total volume delta of +$6,441,712 during that period. Only three of the last seven days showed net buying, indicating that this recent uptick in volume and buy ratio is a deviation from the weekly norm.