Hyperliquid perps are now live on near.com.
Deposit any asset from 35+ chains directly into @HyperliquidX to access 50+ markets with up to 40x leverage.
What’s next: confidential perps. Today is step one. 🧵
The last 24 hours should technically be deflationary for @NEARProtocol at today’s prices.
33M NEAR inflation annually @ $2 current price = $66M annual buybacks needed to become deflationary at this time
$66M / 365 days = $180,821 daily buybacks needed to become deflationary at this time
$223,909,280 Intents volume from today x .002 average intents fee = $447,818 in intents fees estimated for today to buyback $near (.002 is informed estimate, exact fees will vary slightly depending on front end volume)
At $447,818, fee buybacks today are over double what is needed to be deflationary.
This is the power of NEAR’s economics. While many other factors go into moment to moment price action, Intents fees at this sustained volume, at current prices, meaningfully decrease supply. And over time, that is the structural constraint that will reach escape velocity and force prices higher.
Stay focused, keep shipping.
@sal_ternullo@svrn_ai@near_intents@AlexAuroraDev@CryptoHayes@cypherpunk@therollupco@andyyy@alex_scharrer@Bitwise@Jamie1Coutts@RealVision
$NEAR intents has settled $19b across 35+ chains and never bridged a single asset to do it.
it's an auction, not a bridge. you ask for usdc on base, market makers bid to fill it, the best quote wins and settles atomically - if nobody fills it, your funds come back. no wrapped tokens, no custody contract holding your assets in the middle.
25.6M swaps cleared that way. 542k people used it last month and paid a fee to, because there's nothing to farm.
no wrapped assets, no bridge, nothing sitting there to drain. $19b cleared anyway.