few people have been asking me how i managed to spot and size into near:native a month ago
there are a few signs i usually look for, and i believe near:native managed to capture almost all of them
narrative, fundamentals, and who notable is behind it
first is the narrative
first, it sits right in the middle of the ZEC + privacy narrative, NEAR Intents has become one of the key rails for cross-chain ZEC liquidity. more than $2.2B of ZEC volume has already gone through Intents, while Confidential Intents is pushing the privacy narrative even further.
then comes the AI narrative
NEAR co-founder
@ilblackdragon Polosukhin was one of the co-authors of “Attention Is All You Need”, the Transformer paper that became the foundation of modern LLMs
now they’re building NEAR AI around confidential inference and private AI infrastructure
even the $VVV narrative connects back here, with Venice integrating NEAR AI’s confidential inference infrastructure earlier this year
second is the onchain fundamentals
NEAR Intents has now processed around $29B+ in cumulative volume
at the current run rate, it is doing roughly $50M+ in annualized gross feesand TVL has been breaking ATH after ATH, Intents TVL is now well above $150M, while NEAR’s own dashboard shows Confidential Intents TVL above $180M
the revenue captured from Intents is also being used for buybacks
lastly, look at who’s behind it
in july, i listened to an hour-long WSH podcast with Mert where NEAR was only mentioned very briefly
near the end, he mentioned the bags he was holding
$ZEC and $SOL
and lastly, near:native as the dark horse
back then, almost no one was paying attention
fast forward to the last 24 hours
Naval has retweeted about NEAR, and Mert has finally made his first properly bullish tweet on NEAR and Hyperliquid has integrated with it
now suddenly, more and more people are starting to talk about it, the stars are starting to align for an absolutely monstrous chart
i guess sticking around through this bear market for the past few months gave me the insights and conviction to size in before the crowd arrives