NEAR Protocol Launches Confidential Intents for Private Transactions via Intents API

NEAR Protocol said it has launched Confidential Intents, opening its confidential execution infrastructure to all developers and enabling private transactions through the NEAR Intents 1 Click Swap API. According to ChainCatcher, NEAR said the system uses encryption rather than proof generation, does not require client-side proofs, and is designed not to add complexity to wallets. NEAR added that each user’s data is encrypted individually rather than pooled for obfuscation, and that integration requires adding a parameter without rebuilding existing applications. NEAR also reported usage metrics tied to the feature, including more than $1.5 billion in ZEC settled via NEAR Intents, 42% of transaction volume on near.com using confidential mode within weeks of launch, and daily confidential total value locked exceeding $30 million.