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NEAR's token nearly doubles as revenue shifts to Intents fees amid falling execution fees.

Protocol Fundamentals
25 Sep 2026
Tokenpost
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Bullish
NEAR's token nearly doubles as revenue shifts to Intents fees amid falling execution fees.

NEAR's token price has nearly doubled in about a week, driven by a shift in network revenue toward Intents fees, which now account for 85% of revenue after a fee switch in February 2026. Traditional execution fees have declined sharply, falling 83% since January 2025, while Intents enable cross-chain transactions without manual fee management. SwapKit, a cross-chain swap tool embedded in popular wallets, generates a significant share of Intents volume and fees, though NEAR cannot identify the wallets behind this traffic. Despite growth in privacy-related activity and confidential deposits, NEAR's revenue growth depends heavily on Intents usage and external routing decisions. Meanwhile, token burns and native execution activity have decreased, leaving Intents as the core revenue driver for now.

NEAR Protocol's price on Pluang stands at Rp79.565 as of Sep 25, 2026 11:21 WIB, showing a moderate 1.77% increase over the past day. This price level contrasts with its significant network revenue shift toward Intents fees, which now dominate its income streams. Despite the rally, Pluang order activity leans slightly toward selling at 57%, with typical holders keeping NEAR for about 51 days, reflecting a cautious but engaged user base.

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