Why Is NEAR Price Rising? Confidential Perpetual Futures Launch Drives Rally

NEAR Protocol is gaining attention after a sharp price increase linked to new developments in private and cross chain trading.

On September 17, 2026, NEAR launched confidential perpetual futures powered by Hyperliquid, giving traders a way to keep key trading information private until settlement.

At the same time, Confidential Intents reached $70 million in total value locked. Together, these developments have put NEAR’s privacy focused infrastructure back in the spotlight.

Key Takeaways

• NEAR price reached $3.398, up 28.72% over 24 hours, according to the supplied market data.
• Confidential perpetual futures now use NEAR Intents for privacy and Hyperliquid for the underlying perpetual trades.
• Confidential Intents reached $70 million in TVL, adding another important development behind the latest market attention.

NEAR Price Today: What Is Driving the Move?

Source: Bitrue

The latest NEAR/USDT data shows a strong move in the market. NEAR Protocol is trading at $3.398, with a 24 hour change of +28.72%.

During the same period, the token reached a high of $3.408 and a low of $2.636.

NEAR/USDT Market Data

• Price: $3.398
• 24 hour change: +28.72%
• 24 hour high: $3.408
• 24 hour low: $2.636
• 24 hour volume: 6.2 million NEAR
• USDT volume: $18.696 million
• Market cap: $3.04 billion

The price move comes as NEAR introduces a new use case for its infrastructure.

The confidential perpetual futures launch gives traders access to leveraged positions while keeping important trading information away from public blockchain visibility.

The timing is also notable because Confidential Intents has reached a $70 million TVL milestone.

These developments provide two connected reasons for the renewed interest in NEAR, although price movements in crypto markets can change quickly.

Read Also: Why Did the Price of Near Protocol (NEAR) Rise Over 10% Today?

NEAR Perpetual Futures Introduce Private Trading

The latest update allows perpetual positions to remain confidential by default. Users can open leveraged trades without making important details publicly visible on the blockchain.

This includes information such as trade size, timing, direction, position size, entry levels, and trading activity.

The goal is to reduce exposure to front running and other maximal extractable value strategies that can affect public blockchain transactions.

NEAR uses its Confidential Intents initiative to support this setup. Transactions are routed through a private shard, helping shield trading information from the public ledger until settlement.

This approach gives NEAR a more specific role in the trading infrastructure space. Privacy can be particularly relevant for institutional and sophisticated traders that may not want their strategies or positions exposed while transactions are being executed.

The development also expands the practical use of NEAR Intents beyond simple cross chain transactions.

NEAR Hyperliquid Connection Supports Perpetual Trading

Hyperliquid provides the underlying perpetual futures market behind the new product. The arrangement gives each platform a different role within the trading experience.

NEAR supplies the privacy and cross chain layer, while Hyperliquid handles the underlying derivatives execution.

The product supports more than 50 markets, while leverage of up to 40 times is available through the NEAR interface.

How the Setup Works

• NEAR Intents: Routes transactions and provides the privacy layer.
• Private shard: Helps keep important transaction details away from public view.
• Hyperliquid: Provides the underlying perpetual futures market.
• Cross chain access: The interface supports assets across more than 35 blockchains.

This structure also means users are not limited to assets held directly on NEAR.

NEAR Intents acts as the router between different networks, reducing some of the steps involved in moving assets or cash between separate wallets.

For traders interested in NEAR perpetual futures, the main development is therefore not simply the addition of another trading product.

It is the combination of privacy, cross chain access, and derivatives execution within one interface.

If you are following NEAR price today and want a convenient place to manage your crypto activity, Bitrue offers access to crypto trading in one platform.

Register with Bitrue to explore NEAR and other supported assets while keeping an eye on market prices and trading conditions.

Confidential TVL Reaches $70 Million

Another major development behind the NEAR price rally is the growth of Confidential Intents.

On September 17, 2026, confidential total value locked reached $70 million, triggering a key incentive claim.

The milestone is important because it provides a visible measure of activity around NEAR’s confidential infrastructure.

The supplied information describes the TVL increase as evidence of growing usage and demand for the privacy focused products.

Why the $70 Million Milestone Matters

The milestone also connects directly with NEAR’s incentive program. Reaching the $70 million level triggered a key incentive claim, adding another event for traders to watch alongside the perpetual futures launch.

For NEAR, the development highlights a broader strategy focused on private execution across multiple blockchain networks.

Rather than limiting its infrastructure to one network, NEAR Intents is designed to connect activity across more than 35 blockchains.

The combination of rising confidential TVL and the launch of private perpetual futures gives the market two separate developments to consider.

Whether that activity continues will depend on how users interact with the new products over time.

What Could Matter Next for NEAR Price?

The latest rally puts attention on whether NEAR can maintain its recent momentum as traders assess the impact of confidential perpetual futures and growing Confidential Intents activity.

The supplied market data shows NEAR trading at $3.398, close to its 24 hour high of $3.408. The token has also recorded substantial activity, with 6.2 million NEAR traded during the period.

Several factors could remain important for the market:

• Confidential trading activity: Continued use of private perpetual futures could show whether demand for the product remains strong.
• Confidential TVL: Further growth could provide another indication of activity around NEAR’s privacy infrastructure.
• Perpetual futures markets: The availability of more than 50 markets and leverage of up to 40 times could contribute to trading activity.
• Cross chain usage: Support for more than 35 blockchains gives NEAR Intents a broader role in connecting assets and networks.

The latest move shows how product launches and measurable ecosystem activity can influence attention around a cryptocurrency.

However, traders should remember that a large daily price increase does not guarantee that the same movement will continue.

How to Buy NEAR Protocol (NEAR) Safely in 2026

Conclusion

NEAR Protocol is attracting renewed attention after launching confidential perpetual futures powered by Hyperliquid and reaching a $70 million Confidential Intents TVL milestone.

The new trading setup combines NEAR’s privacy and cross chain infrastructure with Hyperliquid’s perpetual futures market, giving users access to private leveraged trading.

NEAR’s price has responded strongly, reaching $3.398 with a 24 hour gain of 28.72% based on the supplied data.

Still, crypto markets can move quickly, so traders should consider price, volume, product usage, and broader market conditions. Bitrue provides a convenient platform for easier and safer crypto trading.

FAQ

Why is NEAR price rising?

NEAR price is rising alongside the launch of confidential perpetual futures powered by Hyperliquid and the $70 million Confidential Intents TVL milestone.

What are NEAR perpetual futures?

NEAR perpetual futures allow users to open leveraged trading positions without a traditional expiration date. The new product uses Hyperliquid for the underlying perpetual futures market.

What is NEAR confidential trading?

NEAR confidential trading is designed to keep important trading information private until settlement. This includes details such as position size, entry levels, timing, and trading direction.

What is NEAR Intents?

NEAR Intents acts as a routing layer between blockchain networks. The supplied information says its interface supports assets across more than 35 blockchains and uses a private shard for confidential transactions.

How does Hyperliquid support NEAR?

Hyperliquid provides the underlying perpetual futures market, while NEAR supplies the privacy and cross chain layer. The product supports more than 50 markets and offers leverage of up to 40 times through the NEAR interface.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.