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NEAR price jumps 15.87% after launching confidential Solana vault with 5.12% lending yield

Protocol Fundamentals
16 Oct 2026
CryptoTicker
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Bullish
NEAR price jumps 15.87% after launching confidential Solana vault with 5.12% lending yield

NEAR's token price surged 15.87% to $5.27 following the launch of a new confidential Solana (SOL) vault on near.com, which allows deposits without revealing wallet addresses. The vault, managed by Kamino Finance and curated by Gauntlet, offers a lending yield of around 5.12%, derived from borrowing demand rather than staking rewards. While the product enhances privacy by hiding the originating wallet on NEAR's blockchain shard, transactions remain visible on Solana's blockchain. Regulatory considerations in the EU highlight that the yield is taxable income and that providers must comply with anti-money laundering rules, potentially limiting access through licensed exchanges. The price jump is also influenced by futures market dynamics, with leveraged buyers paying funding rates. Investors should verify provider authorization and understand the risks before participating.

NEAR's price on Pluang is Rp91.389 as of Oct 16, 2026 22:31 WIB, up 1.51% in the last day, contrasting with Solana's price of Rp1.870.546, which fell 0.96% over the same period. NEAR's market cap is Rp124,1T compared to Solana's much larger Rp1.131,46T, reflecting their different scales despite the recent NEAR vault news. Pluang users show stronger buying interest in NEAR, with 80% buy orders versus 63% for Solana, and NEAR holders typically hold for 50 days, shorter than Solana's 71 days.

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