NEAR Protocol Q3 report highlights over $8 million captured for token buybacks
NEAR Protocol's third-quarter report shows more than $8 million in cumulative fees directed toward token buybacks as cumulative Intents volume surpassed $32 billion.
NEAR Protocol generated more than $52 million in cumulative fees, with over $8 million captured and directed toward native NEAR token buybacks, according to the network's Q3 report shared by crypto media outlets. Accompanying figures from the report showed $8.78 million captured out of $53.42 million in total generated fees to permanently remove NEAR from circulation.[2][3][4]
Trading activity on NEAR Intents drove total lifetime volume past $32 billion, up 45% from the second quarter, with approximately $10.4 billion processed during Q3 alone. NEAR also captured an increasing portion of swap fees: its lifetime share of Intents fees rose to 16.4% as of October 6, up from 11.5% in the Q2 report, while its cut over the prior 30 days reached 28.4%.[2][3][4]
Data from Bitwise's staking report showed that monthly volume on NEAR Intents doubled over the quarter, expanding from $2.4 billion in July to $4.8 billion in September and generating $14.43 million in quarterly fees. Total value locked in Confidential Intents, the platform's private trading environment, surged from $28.6 million to $160.9 million, while roughly 46% of the NEAR token supply remained staked at a 4.87% gross yield.[1]
Key facts
- NEAR Protocol's Q3 report showed over $8 million in cumulative fees captured for native token buybacks, out of more than $52 million in total fees.
- An accompanying report graphic specified $8.78 million captured for buybacks and $53.42 million in total fees generated.
- NEAR Intents cumulative volume reached over $32 billion, handling about $10.4 billion in Q3 volume.
- NEAR's lifetime share of Intents fees increased to 16.4% by October 6 from 11.5% in Q2, with the 30-day rate standing at 28.4%.
- According to Bitwise, monthly Intents volume doubled from $2.4 billion in July to $4.8 billion in September, bringing Q3 fees to $14.43 million.
- Confidential Intents total value locked grew from $28.6 million to $160.9 million over the third quarter.
- Approximately 46% of NEAR supply was staked at a gross yield of 4.87%.
Sources 路 3 sources
- BS
BSCN@BSCNewsPost on X 路
NEAR Intents doubled its monthly volume in Q3 @near_intents handled $10.41B in volume in Q3, up 67% from Q2, according to the latest staking report from @Bitwise. Monthly volume rose from $2.4B in July to $4.8B in September, and quarterly fees reached $14.43M. Confidential Intents, its private trading environment, grew TVL from $28.6M to $160.9M over the quarter. On the staking side, about 46% of $NEAR supply was staked at a gross yield of 4.87%.
Open source - CB
Crypto Banter@crypto_banterPost on X 路
馃毃NEAR CAPTURES OVER $8M IN FEES FOR BUYBACKS! NEAR Protocol just published its Q3 report, showing more than $8 million in cumulative fees captured and directed toward near:native buybacks, alongside total fees exceeding $52 million. Cumulative Intents volume also surpassed $32 billion, up 45% from Q2. NEAR just keeps growing.
Open source - BS
BSCN@BSCNewsPost on X 路
NEAR is keeping a bigger cut of its swap fees @near_intents handled about $10.4 billion in Q3, bringing lifetime volume to over $32 billion, per @NEARProtocol's Q3 report. Lifetime fees topped $52 million, and more than $8 million of that went toward buying back $NEAR. The share of Intents fees that NEAR keeps reached 16.4% over its lifetime as of October 6, up from 11.5% in the second-quarter report. Over the past 30 days, that rate stood at 28.4%.
Open source - CN
crypto.news@cryptodotnewsPost on X 路
JUST IN: NEAR Intents processed $10.4B in Q3 volume The network鈥檚 lifetime volume has topped $32B, generating over $52M in fees, with more than $8M used to buy back $NEAR. https://t.co/H8b6WjgX81
Open source