🤝NEAR x Hyperliquid: The Next Era of Private Perps .@NEARProtocol has launched confidential perpetual futures on with execution still running on @HyperliquidX. The key difference is not private positions. It’s private funding and wallet attribution. You can trade 50+ perps with up to 40x leverage, while NEAR Intents handles the funding route and helps prevent your deposit from being publicly linked to your identity. Why does this matter? On transparent perps, large wallets can become a strategy leak. Traders can be copied, tracked or targeted simply by watching onchain activity. NEAR is trying to combine: Hyperliquid’s liquidity + onchain settlement + more confidential trading rails. Your position is still visible at the market level. Size and side can still appear on the order book. So this is not fully private perps. Your trading activity can be harder to link back to your wallet, while the market itself remains transparent. If this works at scale, it could become an interesting alternative for whales, institutions, and trading agents that want onchain execution without exposing their wallet identity. The real test now is whether traders actually move volume toward confidential frontends and whether the privacy guarantees hold up against serious chain analysis.