I bought a fat bag $NEAR today after seeing $ZEC rip again..
$ZEC is now worth around $13B.
$NEAR is still sitting near $2.5B.
and apparently more than $1.5B of ZEC volume has already gone through NEAR Intents..
so there’s an actual connection between them now beyond the charts moving together.
Zashi uses NEAR Intents to let users swap $BTC, stablecoins and other assets directly into ZEC.
Intents collects fees from that flow, then uses the protocol’s share to buy NEAR and remove it from circulation.
last 30 days it did around $2.76M in fees and kept $557K as protocol revenue.
not massive for a $2.5B coin.. but finally something real to track.
NEAR has also cut inflation from 5% to 2.5%, the supply is fully unlocked and the fee switch is already live..
they’re even discussing a sovereign fund that could eventually move NEAR toward fixed supply, but that’s only a proposal atm so i’m not giving it any value yet.
the part i’m trying to figure out now is pretty simple..
if privacy keeps running and more people move money into ZEC, how much of that activity ends up becoming NEAR buybacks?
because NEAR’s own chain revenue is still barely around $1.5K a day, and nobody needs to hold NEAR to use Intents.
so the token capture still has a lot to prove.
but with ZEC at $13B and NEAR at $2.5B, i think the gap is wide.. especially if Intents revenue starts moving with the ZEC volume.
Everyone should have some near:native
Intents is already moving size across BTC, ETH, SOL, ZEC, and NEAR with daily volume of $134M.
Revenue from this volume go toward buybacks - usage turning into sound economics for near:native
Staking for NEAR AI is live, connecting NEAR tokenomics directly to the growing demand for private inference and agent hosting.
AI usage denominated through staking increases the amount of NEAR locked while compute is active, creating a utility-driven source of token lockup.
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In the last year in particular we've seen some amazing successes: launching NEAR Intents and growing to $2B in volume. Expanding to 9 shards and maintaining 100% uptime. And going full circle with NEAR AI, returning to our roots to build AI that protects users' privacy, agency, & ownership.
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