Key highlights:
NEAR Protocol’s token has posted one of its strongest runs in months. The coin has climbed over 40% this week so far. Trading volume jumped 150% to $2.22 billion during the rally, while the token’s market cap rose by over $1.2 billion, reaching around $4.6 billion.
An on-chain buyback wallet linked to the protocol currently holds about 1.15 million NEAR tokens and the addition of confidential swaps and private perpetual trading shows that the project is leaning to a privacy-focused settlement layer for cross-chain trading.
Notably, the new private perpetuals feature isn’t available everywhere. The product is still unavailable to users in the United States and Canada due to regulatory restrictions.
Source:: NEAR Crypto Price Surges 43% This Week as Privacy Capabilities Fuel Interest