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NEAR Protocol's DeFi platform drives $2.7M token buybacks in Q4 2026 amid strong cross-chain swap activity.

Protocol Fundamentals
12 Nov 2026, 22:00 WIB
AMBCrypto
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Bullish
NEAR Protocol's DeFi platform drives $2.7M token buybacks in Q4 2026 amid strong cross-chain swap activity.

NEAR Protocol's DeFi ecosystem is generating significant revenue through its NEAR Intents cross-chain swap product, funding nearly $2.7 million in token buybacks in Q4 2026, close to Q3's $3.07 million despite half the quarter remaining. Since the buyback program began in February 2026, about $8 million worth of NEAR tokens have been repurchased. NEAR Intents has collected $8.68 million in fees since October 1, 2026, driving most of the protocol's revenue, with $3.76 billion in swap volume over the past 30 days. However, despite strong activity and a 402.7% increase in total value locked (TVL) over 90 days, NEAR's price dropped 2.6% to $3.51 recently, reflecting market pressure and ETF outflows. The platform also faced a security incident involving North Korean hackers laundering stolen funds via NEAR-based memecoins. Overall, NEAR Intents remains a key growth driver, but price volatility and security risks persist.

NEAR Protocol's price on Pluang is Rp62.106 as of Nov 13, 2026 03:21 WIB, showing a 7.72% decline in one day. Despite the recent price drop, the platform sees strong buying interest with 94% of orders being buys. The market cap stands at Rp81,25 trillion, indicating substantial investor engagement amid ongoing buybacks and revenue growth.

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