NEAR Protocol’s Q3 activity included approximately $10.4 billion in transaction volume through NEAR Intents during the third quarter of 2026, alongside about 68 million network transactions. The cross-chain service also reported more than $52 million in cumulative fees—a lifetime figure, rather than revenue generated solely during the quarter.
Key takeaways
NEAR Intents handled roughly $10.4 billion in Q3 2026 volume.
Network activity averaged 739,000 transactions per day.
Confidential Intents’ locked value grew 463% during the quarter.
A governance proposal targets lower maximum annual NEAR issuance.
NEAR Protocol’s Q3 activity extended beyond Intents
NEAR processed approximately 68 million transactions in Q3 2026, with daily activity averaging 739,000 transactions. Nansen’s quarterly report put average daily active addresses at around 79,300 , measured as distinct signer accounts.
Transactions peaked above 1.21 million on September 27, 2026. According to Nansen, the entities with the highest transaction activity included HOT Wallet, Ref Finance, NEAR, Pyth and Tether, reflecting engagement spanning wallets, decentralized finance platforms and additional ecosystem services.
Within the $10.4 billion handled by Intents , its native frontend, near.com, accounted for approximately $2.57 billion .
NEAR Intents lets users exchange assets across blockchain networks without manually completing each bridging and swapping step. Users specify their desired transaction outcome, and the underlying infrastructure coordinates execution. This cross-chain infrastructure connects wallets, applications and users across multiple blockchains.
Cumulative fees and buyback capture measure different periods
Cumulative fees from NEAR Intents surpassed $52 million , and more than $8 million of that was captured and directed toward NEAR token buybacks. Both amounts cover cumulative activity, not Q3 alone.
The fee-capture mechanism began in February 2026. By October 6, 2026, the lifetime share of fees captured for buybacks had reached approximately 16.4% , compared with 11.5% in the Q2 report.
The reported 30-day capture rate stood at 28.4%, versus 30.5% in the earlier comparison. That shorter-period measure is separate from the lifetime share; the two percentages describe different reporting windows.
These cumulative figures sit alongside NEAR Protocol’s Q3 activity metrics, but they do not represent quarterly totals.
Confidential Intents’ locked value climbed 463%
Confidential Intents ended September 2026 with approximately $160 million in total value locked , an increase of 463% from the previous quarter. That growth accompanied the broader expansion of NEAR’s cross-chain infrastructure.
The ecosystem’s activity also extends into decentralized finance and tokenized assets. Among the updates are a growing collaboration with Ondo Finance and the introduction of tokenized US stocks and ETFs.
Governance proposal targets lower NEAR issuance
A governance proposal seeks to reduce maximum annual NEAR token issuance from 2.5% to 1.6% . If adopted, the suggested change to tokenomics would reduce the pace at which new NEAR tokens are released into circulation.
The proposal addresses token issuance, while the fee-capture mechanism allocates part of Intents’ fees to buybacks. The proposed maximum annual issuance rate is 1.6%, compared with the existing 2.5% ceiling.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.
