NEAR Intents Drives 85% of Protocol Revenue, SwapKit Accounts for 61% of Fees
- —NEAR is up 178% since mid-August; gains reached 350% after the fee switch went live
- —NEAR Intents accounts for about 85% of protocol revenue, SwapKit for 61% of fees on 35% of volume
- —Execution fees fell 83%, from $120,000 to $20,000 per week
- —Private Intents deposits rose from $28 million to $131 million, half of it wrapped NEAR
Why it matters: NEAR's revenue increasingly hinges on an external router, raising questions about the durability of its fee income.
Source: TokenPost