NEAR Confidential TVL Surpasses $70 Million, Triggering First NEAR@3.33 Snapshot

  • NEAR rose 15% to $2.73 after Confidential Intents TVL exceeded $70 million.
  • 333,333 locked tokens are reserved for eligible users, with wallets capped at 2% each.
  • Trading volume doubled to $773 million as NEAR moved above key exponential moving averages.

NEAR Protocol rose 15% over 24 hours to $2.73 after Confidential Intents surpassed $70 million in total value locked, reaching $70.79 million after crossing the threshold on Sept. 16. The milestone triggered the first snapshot under the NEAR@3.33 incentive program, reserving 333,333 locked tokens for eligible users. Participants must maintain more than $100 in confidential balances and complete at least one confidential swap, while any wallet is capped at 2% of the distribution. The tokens convert into NEAR at a 1:1 ratio only after NEAR’s three-day volume-weighted average price reaches at least $3.33. Trading volume doubled to $773 million, while NEAR traded above its key exponential moving averages. The move has brought the next resistance level near $3.07 and the program’s $3.33 conversion threshold into focus, although neither price target is confirmed.

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