NEAR Intents recorded its highest fee revenue of the year in September 2026, based on data from Delphi Digital. The result followed NEAR’s decision to set perpetual contracts on Hyperliquid to private mode by default, allowing users to deposit funds from other chains through token swaps on NEAR Intents before trading derivatives. Confidential balances surpassed $70 million on the first day of the privacy feature’s launch, indicating strong initial interest in holding funds privately between trades and rapid conversion of demand into platform usage.