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NEAR Protocol uses $52M+ fees from cross-chain trades to boost NEAR token demand with $8M+ in buybacks.

Protocol Fundamentals
28 Oct 2026, 20:15 WIB
Altcoin Buzz
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Bullish
NEAR Protocol uses $52M+ fees from cross-chain trades to boost NEAR token demand with $8M+ in buybacks.

NEAR Protocol's cross-chain trading service, NEAR Intents, processed $10.4 billion in Q3 2026, generating over $52 million in cumulative fees. More than $8 million of these fees have been captured for NEAR token buybacks, linking network activity directly to token demand. A governance proposal aims to reduce NEAR's annual token issuance from 2.5% to 1.6%, potentially enhancing the buyback impact by slowing new token supply. The effectiveness of these mechanisms depends on ongoing transaction volume, fee retention, actual buybacks, token handling, and governance outcomes, with security and transparency remaining critical as the service grows.

As of Oct 29, 2026 00:21 WIB, NEAR Protocol trades at Rp83.333 on Pluang, showing a slight 0.21% decline in the past day. The market cap stands at Rp109,56 trillion with a 24-hour trading volume of Rp10,75 trillion. Despite the recent fee milestones and buyback efforts highlighted in the news, Pluang data shows a strong buy interest with 83% of orders favoring purchases, and typical hold time is 51 days.

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