In crypto, trading strategies being visible to bots has long acted as a “hidden tax” on investors. The main driver behind the question Why is NEAR rising? is the network’s new private execution layer, which addresses this issue directly.

Confidential Intents routes transactions through a private section connected to NEAR’s main network, allowing users to switch to confidential accounts. This significantly reduces front-running, sandwich attacks, and other forms of MEV. Market reaction indicates that even though base-layer revenues remain modest, the layer could attract institutional-scale trading.

NEAR Token Weekly Performance

After launch, NEAR token rose 17%, maintaining a ~40% weekly gain. The token had also previously launched Near.com, a crypto wallet and consumer app designed to simplify blockchain for everyday users. The wallet centralizes asset management and eases cross-chain transactions.

According to DeFiLlama, base-layer fees remain modest relative to NEAR’s $1.8 billion market cap.

Confidential Intents is live.

DeFi users, developers and institutions now unlock a wide range of privacy-first use cases without forgoing discretion.

Toggle it on and test it out at https://t.co/YBUSFVdjxE. https://t.co/RuXYTDUdXJ

— NEAR Protocol (@NEARProtocol) March 1, 2026

How Does Confidential Intents Work?

The system routes transactions through a private execution layer connected to NEAR’s main network. Users benefit from:

• Prevention of front-running,

• Protection from sandwich attacks,

• Secure cross-chain position management.

Unlike fully anonymous systems like Monero or Zcash, NEAR provides optional privacy. Only selected transfers are hidden, while auditability is preserved.

Institutional Scale and Market Reaction

NEAR specifically targets institutions reluctant to publish trading strategies on transparent ledgers. On-chain transactions are visible before settlement, allowing bots to exploit transaction size, timing, and direction. This dynamic has long enabled MEV strategies, acting as a hidden cost for investors.

Confidential Intents moves transactions into a less visible environment, keeping transfers and cross-chain positions out of the public mempool. This selective privacy framework positions the layer as a bridge, attracting compliance-conscious institutional investors.

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RPC Centralization Poses Risks

In a blog post shared on May 19, Buterin highlighted the dangers of over-reliance on Remote Procedure Call (RPC) providers. These services let wallets and apps interact with Ethereum without running a full node. However, Buterin warned that this convenience comes at a cost:

“A market dominated by a few RPC providers will face strong pressure to deplatform or censor users. Many RPC providers already exclude entire countries.”

Introducing “Partially Stateless Nodes”

To combat this, Buterin proposes the creation of partially stateless nodes, which allow users to run lightweight, privacy-friendly nodes that store only the necessary parts of Ethereum’s state.

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As Ethereum’s gas limit increases and the blockchain expands, running a full node becomes increasingly resource-intensive. Partially stateless nodes aim to ease this burden by letting users store only personal account data, DeFi activity, and frequently used tokens such as stablecoins and ETH.

These new nodes would validate blocks statelessly, meaning they do not require the full Merkle tree or entire historical data. This makes it easier for individual users to operate secure nodes without needing enterprise-grade hardware.

Buterin also emphasized that reducing dependency on RPCs and supporting more personal nodes is crucial for maintaining Ethereum’s decentralization and censorship resistance.

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