3h ago

NEAR jumps 198% in Q3 as Intents tops $30B in cumulative volume

AI Market Summary

Bitwise's memo highlights NEAR's 198% Q3 rally alongside tangible adoption metrics: Intents surpassing $30B cumulative volume and an estimated ~$45M in annual fees, with some returned via buybacks. The framing shifts NEAR from a purely AI-optional narrative to a revenue-bearing network with optional upside from agentic finance. Near-term, this can support relative interest in NEAR versus broader majors.

Impact level

● Medium

Affected assets

NEAR/USDT+0.04%

AI Insight · NEAR/USDTAI Insight

▲ Bullish

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Bitwise Chief Investment Officer Matt Hougan wrote in an October 7 memo that NEAR rose 198% in Q3 and that its Intents product has surpassed $30 billion in cumulative volume. He said Intents is projected to generate about $45 million in fees this year, with some revenue returned to tokenholders via buybacks, according to Bitwise. Over the same quarter, Bitcoin gained 43% and Ethereum rose 71%.

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