Activity on NEAR’s intent-based platform has rebounded sharply in recent weeks, with transaction volume nearly doubling month-on-month and the number of users rising to more than 120,000, according to Dune data.
Nearly $800 million in swaps and payments have flowed through NEAR Intents in the past 30 days, bringing the cumulative total to about $1.8 billion since the product went live earlier this year.
The leap is related to how intentions change the user experience. Instead of manually connecting assets or confirming multiple cross-chain steps, the user states the outcome — “swap USDC on Ethereum for NEAR on Solana,” for example — and the protocol handles the routing in the background.
The data shows the breadth of asset and series coverage. USDC, WETH and the ecosystem’s newer tokens have risen to the top positions in terms of volume, while Ethereum, Solana and Zcash dominate on the blockchain side. The number of unique active users reached 113,000 over the past week, indicating steadier inflows rather than a rise in one-time incentives.
Orders are aggregated and matched by relays, reducing failures and compressing gas costs. This structure is starting to attract traders who want cross-chain execution without the chaos of handling multiple wallets or waiting for bridges to stabilize.
The privacy angle gives this wave its advantage. Zashi, the mobile wallet launched by Electric Coin for Zcash, now runs two live features on NEAR Intents after launching earlier in October.
Zashi Swaps allows users to convert BTC, SOL, USDC and other supported assets directly into ZEC within the app, where they can then be protected. CrossPay allows someone to spend protected ZEC and have the recipient receive the funds in their chosen cryptocurrency on any NEAR-backed chain.
This link is important because the price of Zcash, after years of remaining in the background, quadrupled in the past month and is back in the market conversation. Furthermore, the on-ramp and exit from Zashi to NEAR Intents creates a cleaner user experience for regular participants and makes private ZEC actually usable.
The Zashi–Intents loop sets a model for other privacy wallets to emulate, where intents do the heavy lifting in the background while user-facing applications handle the client’s user request.