Key catalysts suggest NEAR may rebound once market sentiment improves.
In November, NEAR Intents’ daily fee revenue reached an all-time high. At the same time, its daily trading volume increased tenfold compared to the previous quarter. However, NEAR’s price continued to show weak performance and remained stuck in its 2025 accumulation range.
These positive metrics sparked expectations that investors may secure strong entry positions before overall market fear fades and fundamentals begin to take effect.
NEAR Intents is a multichain trading protocol built on NEAR Protocol, a blockchain platform focused on AI and chain abstraction.
The protocol removes the need for users to perform complex manual actions. These include bridging tokens, managing gas fees across multiple networks, or handling intermediate steps. NEAR Intents allows users — or AI agents — to express an “intent” for the desired outcome. The protocol then automates the entire process, delivering a smooth and efficient experience.
According to Dune Analytics, NEAR Intents’ daily fee revenue reached a record level of more than $400,000. This pushed total cumulative fees above $10 million. Meanwhile, daily trading volume consistently remained above $150 million, representing a tenfold increase from the previous quarter.
NEAR Protocol also reported that its 30-day cumulative trading volume recently surpassed $3 billion.
Additionally, a Bitwise report noted that NEAR Intents recorded $969 million in trading volume for the week beginning November 10, 2025. Bitwise predicted that NEAR Intents will expand weekly trading volume more than tenfold and reach $10 billion by June 2026.
This growth will naturally have a positive impact on the NEAR token.
“NEAR’s token model is designed to capture value from AI-native activity. This includes intent-routing fees, infrastructure services, and model execution, extending beyond traditional blockspace monetisation,” Bitwise stated.
A CoinMetrics report highlighted the role of the Zashi wallet. This wallet integrates with NEAR Intents, enabling seamless multichain swaps into shielded ZEC. Meanwhile, the amount of ZEC held in shield pools reached new highs as demand for privacy accelerated.
As a result, investors have increasingly turned to NEAR Intents. Trading in ZEC now accounts for about 10% of the protocol’s daily volume, averaging $15 million per day.
Despite these developments, NEAR’s price remains trapped in its 2025 accumulation zone. TradingView data shows NEAR moving between $1.90 and $3.10 since the beginning of the year.
Analyst Vespamatic attributed this stagnation to Bitcoin’s price decline. This pressure could cause altcoins to drop even further, even when their fundamentals remain strong.
“NEAR has a risk of falling to $0.6, especially if Bitcoin falls to $84,000. In a bear market, almost 99% of altcoins can be destroyed, even though they have strong fundamentals,” Vespamatic predicted.
However, analysts also noted that NEAR’s current price near $1.9 aligns with the year’s strongest support. Combined with recent positive catalysts, this level may set the stage for a potential price rebound.
