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Three Digits, Minimum?

Research dashboard

Every chart, with the query behind it.

Charts are built from the most recently stored source responses. Run npm run research:refresh to rebuild every number and chart from raw data, or npm run research:rebuild to reproduce them offline from the committed snapshot.

Latest stored source response: Nov 13, 2026, 04:13 UTC.

NEAR market cap

MKT-NEAR-MCAP-1Y · CoinGecko

NEAR market cap, weekly sample. Latest $4.45B (Week ending Nov 13, 2026).

NEAR market cap was $4.45B on Nov 13, 2026: 67% of its peak of $6.63B on Oct 17, 2026, and up 48% from $3.02B a year earlier.

Query: GET https://api.coingecko.com/api/v3/coins/near/market_chart?vs_currency=usd&days=365&interval=daily

CoinGecko (opens in a new tab)

Weekly NEAR Intents volume

INT-VOL-90D · DefiLlama

Weekly NEAR Intents volume, weekly total. Latest $937.97M (Week ending Nov 10, 2026).

Weekly NEAR Intents volume was $937.97M in the week ending Nov 10, 2026: 67% of its peak of $1.40B in the week ending Sep 22, 2026, and down 1% from $943.22M a year earlier.

Query: GET https://api.llama.fi/summary/dexs/near-intents?dataType=dailyVolume

DefiLlama (opens in a new tab)

Daily active accounts (weekly mean)

ACT-DAA-30D · NearBlocks

Daily active accounts (weekly mean), weekly average of daily values. Latest 92,355 (Week ending Nov 11, 2026).

Daily active accounts (weekly mean) was 92,355 in the week ending Nov 11, 2026: 21% of its peak of 450,308 in the week ending Feb 18, 2026, and down 62% from 246,274 a year earlier.

Query: GET https://api.nearblocks.io/v1/charts

NearBlocks (opens in a new tab)

Daily transactions (weekly mean)

ACT-TXN-30D · NearBlocks

Daily transactions (weekly mean), weekly average of daily values. Latest 802,188 (Week ending Nov 11, 2026).

Daily transactions (weekly mean) was 802,188 in the week ending Nov 11, 2026: 19% of its peak of 4.32M in the week ending Nov 19, 2025, and down 81% from 4.32M a year earlier.

Query: GET https://api.nearblocks.io/v1/charts

NearBlocks (opens in a new tab)

NEAR chain TVL

DEFI-TVL-NEAR · DefiLlama

NEAR chain TVL, weekly sample. Latest $169.79M (Week ending Nov 13, 2026).

NEAR chain TVL was $169.79M on Nov 13, 2026: 70% of its peak of $244.21M on Oct 16, 2026, and up 0% from $169.13M a year earlier.

Query: GET https://api.llama.fi/v2/historicalChainTvl/Near

DefiLlama (opens in a new tab)

social.near transactions per month

ERA-SOCIAL-LATEST · NearBlocks

social.near transactions per month, calendar month total. Latest 364 (October 2026).

social.near transactions per month was 364 in Oct 2026: 1% of its peak of 35,764 in Aug 2023.

Query: see source link

NearBlocks (opens in a new tab)

v1.signer transactions per month

ERA-SIGNER-LATEST · NearBlocks

v1.signer transactions per month, calendar month total. Latest 467,548 (October 2026).

v1.signer transactions per month was 467,548 in Oct 2026: 48% of its peak of 970,819 in May 2026.

Query: see source link

NearBlocks (opens in a new tab)

intents.near swap volume per month (USD)

ERA-INTENTS-LATEST · DefiLlama

intents.near swap volume per month (USD), calendar month total. Latest $3.99B (October 2026).

intents.near swap volume per month (USD) was $3.99B in Oct 2026: 83% of its peak of $4.80B in Sep 2026, and up 131% from $1.72B a year earlier.

Query: GET https://api.llama.fi/summary/dexs/near-intents?dataType=dailyVolume

DefiLlama (opens in a new tab)

NEAR multiple

VAL-MULT-HIST-NEAR · Computed here

NEAR multiple, calendar month total. Latest 220x (November 2026).

NEAR multiple was 220x in Nov 2026: 44% of its peak of 495x in Sep 2026.

Query: see source link

Computed here

NEAR multiple

VAL-MULT-HIST-NEAR-DELIVERED · Computed here

NEAR multiple, calendar month total. Latest 319x (November 2026).

NEAR multiple was 319x in Nov 2026: 44% of its peak of 724x in Sep 2026.

Query: see source link

Computed here

Evidence register (all topics)

Values from stored responses; a debate freezes its own copy.

Evidence items with values, type, period and source

NEAR circulating market cap

MKT-NEAR-MCAP

$4.38BOBSERVEDpoint in timeCoinGecko (opens in a new tab)

NEAR price

MKT-NEAR-PRICE

$3.34OBSERVEDpoint in timeCoinGecko (opens in a new tab)

Solana circulating market cap

MKT-SOL-MCAP

$46.44BOBSERVEDpoint in timeCoinGecko (opens in a new tab)

Sui circulating market cap

MKT-SUI-MCAP

$3.21BOBSERVEDpoint in timeCoinGecko (opens in a new tab)

Avalanche circulating market cap

MKT-AVAX-MCAP

$3.60BOBSERVEDpoint in timeCoinGecko (opens in a new tab)

NEAR market cap change, trailing 365 days

MKT-NEAR-MCAP-1Y

42.0%DERIVEDNov 14, 2025 to Nov 13, 2026CoinGecko (opens in a new tab)

NEAR Intents swap volume, 90 days

INT-VOL-90D

$12.10BOBSERVEDAug 13, 2026 to Nov 10, 2026DefiLlama (opens in a new tab)

NEAR Intents swap volume, prior 90 days

INT-VOL-PRIOR-90D

$6.57BOBSERVEDMay 15, 2026 to Aug 12, 2026DefiLlama (opens in a new tab)

Revenue DefiLlama classifies as buybacks, 90 days

INT-BUYBACK-90D

$5.07MOBSERVEDAug 13, 2026 to Nov 10, 2026DefiLlama (opens in a new tab)

NEAR Intents annualized volume (V)

INT-VOL-ANN

$49.08BDERIVEDAug 13, 2026 to Nov 10, 2026Computed here

Volume change, last 90 days vs prior 90 days

INT-VOL-GROWTH

84.1%DERIVEDMay 15, 2026 to Nov 10, 2026Computed here

Effective gross fee rate (f)

INT-FEE-RATE

0.155%DERIVEDAug 13, 2026 to Nov 10, 2026Computed here

Effective gross fee rate, prior 90 days

INT-FEE-RATE-PRIOR

0.135%DERIVEDMay 15, 2026 to Aug 12, 2026Computed here

Protocol capture of gross fees (c)

INT-CAPTURE

27.1%DERIVEDAug 13, 2026 to Nov 10, 2026Computed here

NEAR-captured revenue per dollar of volume (f x c)

INT-TAKE-RATE

0.042%DERIVEDAug 13, 2026 to Nov 10, 2026Computed here

NEAR-captured revenue per dollar of volume, prior 90 days

INT-TAKE-RATE-PRIOR

0.027%DERIVEDMay 15, 2026 to Aug 12, 2026Computed here

Share of captured revenue classified as buybacks (b)

INT-BUYBACK-SHARE

Depends on DefiLlama's classification of revenue as holders revenue; not an onchain-verified allocation policy and not guaranteed to continue.

100.0%DERIVEDAug 13, 2026 to Nov 10, 2026Computed here

NEAR Intents captured revenue, annualized

INT-REV-ANN

$20.58MDERIVEDAug 13, 2026 to Nov 10, 2026Computed here

DefiLlama fee and revenue definitions for NEAR Intents

INT-DEFINITIONS

Text (see source)REPORTEDpoint in timeDefiLlama (opens in a new tab)

NEAR held by buybacks.multisignature.near

ONC-BUYBACK-WALLET

2.27M NEAROBSERVEDpoint in timeNEAR JSON-RPC (FastNEAR) (opens in a new tab)

Protocol maximum annual inflation rate

ONC-MAX-INFLATION

2.50%OBSERVEDpoint in timeNEAR JSON-RPC (FastNEAR) (opens in a new tab)

Maximum annual issuance at current price

ONC-ISSUANCE-USD

$109.52MDERIVEDpoint in timeComputed here

Daily active accounts, 30-day mean

ACT-DAA-30D

62,933OBSERVEDOct 13, 2026 to Nov 11, 2026NearBlocks (opens in a new tab)

Daily active accounts, 30-day mean one year earlier

ACT-DAA-30D-1Y-AGO

262,220OBSERVEDOct 13, 2025 to Nov 11, 2025NearBlocks (opens in a new tab)

Daily transactions, 30-day mean

ACT-TXN-30D

663,839OBSERVEDOct 13, 2026 to Nov 11, 2026NearBlocks (opens in a new tab)

Daily active accounts, change vs one year earlier

ACT-DAA-YOY

-76.0%DERIVEDpoint in timeComputed here

Retained signer cohorts (BigQuery)

ACT-RETENTION

Not available in live snapshots. Requires Google Cloud credentials and a freshness check, because NEAR Lake (the dataset's upstream) stopped indexing on 2026-03-24.

UnavailableOBSERVEDpoint in timeGoogle BigQuery: crypto_near_mainnet_us (opens in a new tab)

NEAR chain DeFi TVL

DEFI-TVL-NEAR

$160.04MOBSERVEDas of Nov 13, 2026DefiLlama (opens in a new tab)

NEAR TVL change vs one year earlier

DEFI-TVL-NEAR-YOY

-11.7%DERIVEDpoint in timeComputed here

Stablecoin supply on NEAR

DEFI-STABLES-NEAR

$132.01MOBSERVEDas of Nov 13, 2026DefiLlama (opens in a new tab)

Token-level value capture, annualized (burn + Intents buybacks)

VAL-NEAR-VALUE-CAPTURE-ANN

$21.64MDERIVEDpoint in timeComputed here

Market cap / annualized token value capture

VAL-NEAR-MCAP-TO-CAPTURE

202xDERIVEDpoint in timeComputed here

NEAR chain fees, 30 days

PEER-NEAR-FEES-30D

$134.2KOBSERVEDOct 13, 2026 to Nov 11, 2026DefiLlama (opens in a new tab)

NEAR market cap / annualized chain fees

PEER-NEAR-MCAP-TO-FEES

2,684xDERIVEDpoint in timeComputed here

Solana chain fees, 30 days

PEER-SOL-FEES-30D

$16.89MOBSERVEDOct 13, 2026 to Nov 11, 2026DefiLlama (opens in a new tab)

Solana market cap / annualized chain fees

PEER-SOL-MCAP-TO-FEES

226xDERIVEDpoint in timeComputed here

Sui chain fees, 30 days

PEER-SUI-FEES-30D

UnavailableOBSERVEDOct 13, 2026 to Nov 11, 2026DefiLlama (opens in a new tab)

Sui market cap / annualized chain fees

PEER-SUI-MCAP-TO-FEES

Not computed: missing PEER-SUI-FEES-30D.

UnavailableDERIVEDpoint in timeComputed here

Avalanche chain fees, 30 days

PEER-AVAX-FEES-30D

$338.6KOBSERVEDOct 13, 2026 to Nov 11, 2026DefiLlama (opens in a new tab)

Avalanche market cap / annualized chain fees

PEER-AVAX-MCAP-TO-FEES

875xDERIVEDpoint in timeComputed here

Share of sampled 1Click volume from top 5 referrers

INT-EXPLORER-TOP5-SHARE

Requires a partner JWT (INTENTS_EXPLORER_JWT). Integrator concentration and organic-vs-wash volume remain unknown without it.

UnavailableOBSERVEDpoint in timeNEAR Intents Explorer API (opens in a new tab)

Annual buyback demand at current run rate

MODEL-BUYBACK-USD

$20.58MDERIVEDAug 13, 2026 to Nov 10, 2026Buyback target model nvabe-1.0.0

Annual buyback demand / market cap

MODEL-BUYBACK-TO-MCAP

0.470%DERIVEDAug 13, 2026 to Nov 10, 2026Buyback target model nvabe-1.0.0

Annual volume needed for buybacks = 2% of market cap

MODEL-BREAKEVEN-VOL-2PCT

$208.97BDERIVEDAug 13, 2026 to Nov 10, 2026Buyback target model nvabe-1.0.0

Volume multiple needed for 2% of market cap

MODEL-VOL-MULTIPLE-2PCT

4.26xDERIVEDAug 13, 2026 to Nov 10, 2026Buyback target model nvabe-1.0.0

Required f x c x b at today's volume for 2% of market cap

MODEL-REQ-TAKE-RATE-2PCT

0.179%DERIVEDAug 13, 2026 to Nov 10, 2026Buyback target model nvabe-1.0.0

Current f x c x b (volume converted to buyback demand)

MODEL-CURRENT-TAKE-RATE

0.042%DERIVEDAug 13, 2026 to Nov 10, 2026Buyback target model nvabe-1.0.0

social.near: peak transactions per month (2023-08)

ERA-SOCIAL-PEAK

35,764OBSERVEDFeb 1, 2021 to Oct 1, 2026NearBlocks (opens in a new tab)

social.near: transactions per month, latest complete month (2026-10)

ERA-SOCIAL-LATEST

364OBSERVEDFeb 1, 2021 to Oct 1, 2026NearBlocks (opens in a new tab)

social.near: latest month as a share of its peak

ERA-SOCIAL-RETENTION

1.02%DERIVEDpoint in timeComputed here

v1.signer: peak transactions per month (2026-05)

ERA-SIGNER-PEAK

970,819OBSERVEDApr 1, 2026 to Oct 1, 2026NearBlocks (opens in a new tab)

v1.signer: transactions per month, latest complete month (2026-10)

ERA-SIGNER-LATEST

467,548OBSERVEDApr 1, 2026 to Oct 1, 2026NearBlocks (opens in a new tab)

v1.signer: latest month as a share of its peak

ERA-SIGNER-RETENTION

48.2%DERIVEDpoint in timeComputed here

intents.near: peak swap volume per month (USD) (2026-09)

ERA-INTENTS-PEAK

$4.80BOBSERVEDDec 1, 2024 to Oct 1, 2026DefiLlama (opens in a new tab)

intents.near: swap volume per month (USD), latest complete month (2026-10)

ERA-INTENTS-LATEST

$3.99BOBSERVEDDec 1, 2024 to Oct 1, 2026DefiLlama (opens in a new tab)

intents.near: latest month as a share of its peak

ERA-INTENTS-RETENTION

83.0%DERIVEDpoint in timeComputed here

Blockchain Operating System (BOS): NEAR minus BTC return, 90 days after February 2023

EVT-BOS-REL-90D

-47.9%DERIVEDMar 1, 2023 to May 30, 2023DefiLlama coins (CoinGecko prices) (opens in a new tab)

Blockchain Operating System (BOS): change in daily active accounts, days 60-90 after vs 30 days before

EVT-BOS-DAA-90D

-20.9%DERIVEDJan 30, 2023 to May 30, 2023NearBlocks (opens in a new tab)

Blockchain Operating System (BOS): social.near activity two months after its mainnet launch month vs the launch month

EVT-BOS-PRODUCT-2M

0.66xDERIVEDMar 1, 2023 to May 1, 2023NearBlocks (opens in a new tab)

Chain Signatures: NEAR minus BTC return, 90 days after 27 March 2024 (announced; mainnet 8 August 2024)

EVT-CHAIN-SIGNATURES-REL-90D

-12.8%DERIVEDMar 27, 2024 to Jun 25, 2024DefiLlama coins (CoinGecko prices) (opens in a new tab)

Chain Signatures: change in daily active accounts, days 60-90 after vs 30 days before

EVT-CHAIN-SIGNATURES-DAA-90D

52.4%DERIVEDFeb 26, 2024 to Jun 25, 2024NearBlocks (opens in a new tab)

Chain Signatures: v1.signer activity two months after its mainnet launch month vs the launch month

EVT-CHAIN-SIGNATURES-PRODUCT-2M

Exact data for the launch month or two months later is not available (estimates only).

UnavailableDERIVEDpoint in timeNearBlocks (opens in a new tab)

User-Owned AI: NEAR minus BTC return, 90 days after 22 May 2024

EVT-USER-OWNED-AI-REL-90D

-33.6%DERIVEDMay 22, 2024 to Aug 20, 2024DefiLlama coins (CoinGecko prices) (opens in a new tab)

User-Owned AI: change in daily active accounts, days 60-90 after vs 30 days before

EVT-USER-OWNED-AI-DAA-90D

-23.4%DERIVEDApr 22, 2024 to Aug 20, 2024NearBlocks (opens in a new tab)

NEAR Intents (beta): NEAR minus BTC return, 90 days after 10 November 2024

EVT-INTENTS-REL-90D

-49.0%DERIVEDNov 10, 2024 to Feb 8, 2025DefiLlama coins (CoinGecko prices) (opens in a new tab)

NEAR Intents (beta): change in daily active accounts, days 60-90 after vs 30 days before

EVT-INTENTS-DAA-90D

-11.3%DERIVEDOct 11, 2024 to Feb 8, 2025NearBlocks (opens in a new tab)

NEAR Intents (beta): intents.near volume activity two months after its mainnet launch month vs the launch month

EVT-INTENTS-PRODUCT-2M

4.44xDERIVEDDec 1, 2024 to Feb 1, 2025DefiLlama (opens in a new tab)

Realized net new NEAR supply, annualized

SUP-NET-NEW-ANN-PCT

2.47%DERIVEDAug 13, 2026 to Nov 11, 2026NearBlocks (opens in a new tab)

Realized net new supply per year at today's price

SUP-NET-NEW-ANN-USD

$107.72MDERIVEDAug 13, 2026 to Nov 11, 2026Computed here

Buyback-designated revenue as a share of realized net new supply

COV-BUYBACK-REALIZED

19.1%DERIVEDAug 13, 2026 to Nov 11, 2026Computed here

Burns plus buybacks as a share of maximum issuance

COV-CAPTURE-MAX

19.8%DERIVEDpoint in timeComputed here

Spot DEX volume, 90-day run rate (DefiLlama "Dexs" category)

LAD-SPOT-DEX-RUNRATE

$2.88TOBSERVEDas of Nov 10, 2026DefiLlama (opens in a new tab)

NEAR Intents volume relative to spot DEX volume, run rate

LAD-INTENTS-DEX-SHARE

1.71%DERIVEDas of Nov 10, 2026Computed here

NEAR Intents volume relative to spot DEX volume, last 365 days

LAD-INTENTS-DEX-SHARE-365D

1.13%DERIVEDas of Nov 10, 2026Computed here

NEAR Intents volume, latest 30 days vs the same 30 days a year earlier

LAD-INTENTS-YOY

57.8%DERIVEDas of Nov 10, 2026DefiLlama

Spot DEX volume, compound annual growth 2021 to 2025

LAD-DEX-CAGR-2021-2025

26.3%DERIVEDas of Nov 10, 2026Computed here

NEAR value reaching holders, 90-day run rate (gas burned + Intents revenue designated for buybacks)

LAD-NEAR-CAPTURE-RUNRATE

$21.64MOBSERVEDas of Nov 10, 2026DefiLlama (opens in a new tab)

Intents revenue designated for buybacks per dollar of volume

LAD-HOLDER-TAKE-RATE

0.042%DERIVEDas of Nov 10, 2026Computed here

NEAR supply in ten years at the current 2.5% maximum issuance

LAD-SUPPLY-2036

1.68B NEARDERIVEDas of Nov 10, 2026Computed here

NEAR supply in ten years if HSP-029 takes effect

LAD-SUPPLY-2036-HSP029

1.55B NEARDERIVEDas of Nov 10, 2026Computed here

Valuation multiple: Priced like Hyperliquid (market cap / holders revenue, 90-day run rate)

LAD-MULT-HYPERLIQUID

19.3xDERIVEDas of Nov 10, 2026CoinGecko and DefiLlama

Valuation multiple: Priced like Hyperliquid, trailing 365 days

LAD-MULT-HYPERLIQUID-365D

24.8xDERIVEDas of Nov 10, 2026CoinGecko and DefiLlama

Valuation multiple: Priced like Tron (market cap / holders revenue, 90-day run rate)

LAD-MULT-TRON

101xDERIVEDas of Nov 10, 2026CoinGecko and DefiLlama

Valuation multiple: Priced like Tron, trailing 365 days

LAD-MULT-TRON-365D

88.8xDERIVEDas of Nov 10, 2026CoinGecko and DefiLlama

Valuation multiple: NEAR's multiple today (market cap / holders revenue, 90-day run rate)

LAD-MULT-TODAY

202xDERIVEDas of Nov 10, 2026Computed here

Valuation multiple: NEAR's multiple today, trailing 365 days

LAD-MULT-TODAY-365D

497xDERIVEDas of Nov 10, 2026Computed here

Market cap at $10 in ten years (2.5% issuance)

LAD-10-MCAP

$16.79BDERIVEDas of Nov 10, 2026Computed here

$10: rank among today's crypto assets at that market cap (stablecoins excluded)

LAD-10-RANK

8DERIVEDas of Nov 10, 2026CoinGecko

$10: Intents annual volume needed (Priced like Hyperliquid)

LAD-10-HYPERLIQUID-VOLUME

$2.07TDERIVEDas of Nov 10, 2026Computed here

$10: Intents volume relative to 2036 spot DEX volume (Priced like Hyperliquid)

LAD-10-HYPERLIQUID-DEX-SHARE

11.6%DERIVEDas of Nov 10, 2026Computed here

$10: Intents growth needed every year for ten years (Priced like Hyperliquid)

LAD-10-HYPERLIQUID-CAGR

45.4%DERIVEDas of Nov 10, 2026Computed here

$10: Intents annual volume needed (Priced like Tron)

LAD-10-TRON-VOLUME

$395.02BDERIVEDas of Nov 10, 2026Computed here

$10: Intents volume relative to 2036 spot DEX volume (Priced like Tron)

LAD-10-TRON-DEX-SHARE

2.22%DERIVEDas of Nov 10, 2026Computed here

$10: Intents growth needed every year for ten years (Priced like Tron)

LAD-10-TRON-CAGR

23.2%DERIVEDas of Nov 10, 2026Computed here

$10: Intents annual volume needed (NEAR's multiple today)

LAD-10-TODAY-VOLUME

$195.22BDERIVEDas of Nov 10, 2026Computed here

$10: Intents volume relative to 2036 spot DEX volume (NEAR's multiple today)

LAD-10-TODAY-DEX-SHARE

1.10%DERIVEDas of Nov 10, 2026Computed here

$10: Intents growth needed every year for ten years (NEAR's multiple today)

LAD-10-TODAY-CAGR

14.8%DERIVEDas of Nov 10, 2026Computed here

$10: stablecoins on NEAR at Solana's market cap to stablecoins ratio

LAD-10-PLAT-SOLANA-STABLES

$5.03BDERIVEDas of Nov 10, 2026Computed here

$10: stablecoins on NEAR needed at Solana's ratio, as a multiple of today's

LAD-10-PLAT-SOLANA-STABLES-MULT

38.1xDERIVEDas of Nov 10, 2026Computed here

Market cap at $25 in ten years (2.5% issuance)

LAD-25-MCAP

$41.97BDERIVEDas of Nov 10, 2026Computed here

$25: rank among today's crypto assets at that market cap (stablecoins excluded)

LAD-25-RANK

6DERIVEDas of Nov 10, 2026CoinGecko

$25: Intents annual volume needed (Priced like Hyperliquid)

LAD-25-HYPERLIQUID-VOLUME

$5.18TDERIVEDas of Nov 10, 2026Computed here

$25: Intents volume relative to 2036 spot DEX volume (Priced like Hyperliquid)

LAD-25-HYPERLIQUID-DEX-SHARE

29.1%DERIVEDas of Nov 10, 2026Computed here

$25: Intents growth needed every year for ten years (Priced like Hyperliquid)

LAD-25-HYPERLIQUID-CAGR

59.4%DERIVEDas of Nov 10, 2026Computed here

$25: Intents annual volume needed (Priced like Tron)

LAD-25-TRON-VOLUME

$991.36BDERIVEDas of Nov 10, 2026Computed here

$25: Intents volume relative to 2036 spot DEX volume (Priced like Tron)

LAD-25-TRON-DEX-SHARE

5.56%DERIVEDas of Nov 10, 2026Computed here

$25: Intents growth needed every year for ten years (Priced like Tron)

LAD-25-TRON-CAGR

35.1%DERIVEDas of Nov 10, 2026Computed here

$25: Intents annual volume needed (NEAR's multiple today)

LAD-25-TODAY-VOLUME

$491.86BDERIVEDas of Nov 10, 2026Computed here

$25: Intents volume relative to 2036 spot DEX volume (NEAR's multiple today)

LAD-25-TODAY-DEX-SHARE

2.76%DERIVEDas of Nov 10, 2026Computed here

$25: Intents growth needed every year for ten years (NEAR's multiple today)

LAD-25-TODAY-CAGR

25.9%DERIVEDas of Nov 10, 2026Computed here

$25: stablecoins on NEAR at Solana's market cap to stablecoins ratio

LAD-25-PLAT-SOLANA-STABLES

$12.57BDERIVEDas of Nov 10, 2026Computed here

$25: stablecoins on NEAR needed at Solana's ratio, as a multiple of today's

LAD-25-PLAT-SOLANA-STABLES-MULT

95.2xDERIVEDas of Nov 10, 2026Computed here

Market cap at $50 in ten years (2.5% issuance)

LAD-50-MCAP

$83.94BDERIVEDas of Nov 10, 2026Computed here

$50: rank among today's crypto assets at that market cap (stablecoins excluded)

LAD-50-RANK

3DERIVEDas of Nov 10, 2026CoinGecko

$50: Intents annual volume needed (Priced like Hyperliquid)

LAD-50-HYPERLIQUID-VOLUME

$10.37TDERIVEDas of Nov 10, 2026Computed here

$50: Intents volume relative to 2036 spot DEX volume (Priced like Hyperliquid)

LAD-50-HYPERLIQUID-DEX-SHARE

58.2%DERIVEDas of Nov 10, 2026Computed here

$50: Intents growth needed every year for ten years (Priced like Hyperliquid)

LAD-50-HYPERLIQUID-CAGR

70.8%DERIVEDas of Nov 10, 2026Computed here

$50: Intents annual volume needed (Priced like Tron)

LAD-50-TRON-VOLUME

$1.99TDERIVEDas of Nov 10, 2026Computed here

$50: Intents volume relative to 2036 spot DEX volume (Priced like Tron)

LAD-50-TRON-DEX-SHARE

11.1%DERIVEDas of Nov 10, 2026Computed here

$50: Intents growth needed every year for ten years (Priced like Tron)

LAD-50-TRON-CAGR

44.8%DERIVEDas of Nov 10, 2026Computed here

$50: Intents annual volume needed (NEAR's multiple today)

LAD-50-TODAY-VOLUME

$986.25BDERIVEDas of Nov 10, 2026Computed here

$50: Intents volume relative to 2036 spot DEX volume (NEAR's multiple today)

LAD-50-TODAY-DEX-SHARE

5.53%DERIVEDas of Nov 10, 2026Computed here

$50: Intents growth needed every year for ten years (NEAR's multiple today)

LAD-50-TODAY-CAGR

35.0%DERIVEDas of Nov 10, 2026Computed here

$50: stablecoins on NEAR at Solana's market cap to stablecoins ratio

LAD-50-PLAT-SOLANA-STABLES

$25.14BDERIVEDas of Nov 10, 2026Computed here

$50: stablecoins on NEAR needed at Solana's ratio, as a multiple of today's

LAD-50-PLAT-SOLANA-STABLES-MULT

190xDERIVEDas of Nov 10, 2026Computed here

Market cap at $100 in ten years (2.5% issuance)

LAD-100-MCAP

$167.89BDERIVEDas of Nov 10, 2026Computed here

$100: rank among today's crypto assets at that market cap (stablecoins excluded)

LAD-100-RANK

3DERIVEDas of Nov 10, 2026CoinGecko

$100: Intents annual volume needed (Priced like Hyperliquid)

LAD-100-HYPERLIQUID-VOLUME

$20.74TDERIVEDas of Nov 10, 2026Computed here

$100: Intents volume relative to 2036 spot DEX volume (Priced like Hyperliquid)

LAD-100-HYPERLIQUID-DEX-SHARE

116.4%DERIVEDas of Nov 10, 2026Computed here

$100: Intents growth needed every year for ten years (Priced like Hyperliquid)

LAD-100-HYPERLIQUID-CAGR

83.1%DERIVEDas of Nov 10, 2026Computed here

$100: Intents annual volume needed (Priced like Tron)

LAD-100-TRON-VOLUME

$3.97TDERIVEDas of Nov 10, 2026Computed here

$100: Intents volume relative to 2036 spot DEX volume (Priced like Tron)

LAD-100-TRON-DEX-SHARE

22.3%DERIVEDas of Nov 10, 2026Computed here

$100: Intents growth needed every year for ten years (Priced like Tron)

LAD-100-TRON-CAGR

55.2%DERIVEDas of Nov 10, 2026Computed here

$100: Intents annual volume needed (NEAR's multiple today)

LAD-100-TODAY-VOLUME

$1.98TDERIVEDas of Nov 10, 2026Computed here

$100: Intents volume relative to 2036 spot DEX volume (NEAR's multiple today)

LAD-100-TODAY-DEX-SHARE

11.1%DERIVEDas of Nov 10, 2026Computed here

$100: Intents growth needed every year for ten years (NEAR's multiple today)

LAD-100-TODAY-CAGR

44.7%DERIVEDas of Nov 10, 2026Computed here

$100: stablecoins on NEAR at Solana's market cap to stablecoins ratio

LAD-100-PLAT-SOLANA-STABLES

$50.28BDERIVEDas of Nov 10, 2026Computed here

$100: stablecoins on NEAR needed at Solana's ratio, as a multiple of today's

LAD-100-PLAT-SOLANA-STABLES-MULT

381xDERIVEDas of Nov 10, 2026Computed here

Implied 2036 price: low growth, Priced like Hyperliquid

LAD-IMPLIED-LOW-HYPERLIQUID

$0.63DERIVEDas of Nov 10, 2026Computed here

Implied 2036 price: low growth, Priced like Tron

LAD-IMPLIED-LOW-TRON

$3.27DERIVEDas of Nov 10, 2026Computed here

Implied 2036 price: low growth, NEAR's multiple today

LAD-IMPLIED-LOW-TODAY

$6.57DERIVEDas of Nov 10, 2026Computed here

Implied 2036 price: base growth, Priced like Hyperliquid

LAD-IMPLIED-BASE-HYPERLIQUID

$1.48DERIVEDas of Nov 10, 2026Computed here

Implied 2036 price: base growth, Priced like Tron

LAD-IMPLIED-BASE-TRON

$7.71DERIVEDas of Nov 10, 2026Computed here

Implied 2036 price: base growth, NEAR's multiple today

LAD-IMPLIED-BASE-TODAY

$15DERIVEDas of Nov 10, 2026Computed here

Implied 2036 price: high growth, Priced like Hyperliquid

LAD-IMPLIED-HIGH-HYPERLIQUID

$6.85DERIVEDas of Nov 10, 2026Computed here

Implied 2036 price: high growth, Priced like Tron

LAD-IMPLIED-HIGH-TRON

$36DERIVEDas of Nov 10, 2026Computed here

Implied 2036 price: high growth, NEAR's multiple today

LAD-IMPLIED-HIGH-TODAY

$72DERIVEDas of Nov 10, 2026Computed here

Captured revenue reproduced onchain since 2026-02-23 (inflows to the three revenue wallets)

TOK-CAPTURED-REPRODUCED

$7.94MOBSERVEDFeb 23, 2026 to Nov 10, 2026FastNEAR transactions API (opens in a new tab)

Reproduced captured revenue / DefiLlama revenue, same dates

TOK-REPRODUCTION-RATIO

99.1%DERIVEDas of Nov 10, 2026Computed here

Captured "revenue" from accounts other than intents.near since buybacks began

TOK-NON-INTENTS-INFLOWS

auroraliqsupport.near $420K, clingy.near $9K, 52435fe912307fb3a088b8b8f3882781762fc1f0a404e8579c7fb1a964362c8d $6K, 5c33c6218d47e00ef229f60da78d0897e1ee9665312550b8afd5f9c7bc6957d2 $2K, 9c484fa5d2d069569ba063fc555c34e621ccd88fdbb0295fc79bad232621c5c1 $1K, enleap.near $1K, 35c78973c032aeb46eec96b9a7cd9bfbc01e53a3606dee0d08fe07344eaf9539 $1K, nf-payments.near $0K, ccb91e1db61e8d7e1d4ae3e043001140132959a86ee35a548b6563a46284a6ea $0K, nearlegion.tipbot.intear.near $0K, multisignature.near $0K, 745def2beee571628e35743e564687bb11ae1cf312efd3c1e079d679e46e011b $0K, 7284730c055ee99285ebbf3d29c6d3e04c9904af57236f7794937cf693d98729 $0K, f7e23b5d988c35bd9a598671dcdb231e9763b47ac5105eb5d0c9e1427040d6c6 $0K, sponsor.trezu.near $0K

$440.0KOBSERVEDas of Nov 10, 2026FastNEAR transactions API (opens in a new tab)

Intents revenue swept to the front-end fund since buybacks began (not moved to the buyback wallet)

TOK-FRONTEND-RETAINED

Front-end fund NEAR from all reconstructed flows: 1999997.

$2.13MOBSERVEDas of Nov 10, 2026FastNEAR transactions API (opens in a new tab)

NEAR delivered to the buyback wallet, valued at each day's price

TOK-DELIVERED-USD

$4.82MDERIVEDApr 23, 2026 to Nov 10, 2026Computed here

Revenue DefiLlama designates as buybacks, 2026-02-23 to 2026-11-10

TOK-DESIGNATED-SINCE

$8.01MOBSERVEDFeb 23, 2026 to Nov 10, 2026DefiLlama

Delivered directly to the buyback wallet, as a share of designated buybacks (same dates)

TOK-DELIVERED-VS-DESIGNATED

60.2%DERIVEDFeb 23, 2026 to Nov 10, 2026Computed here

All NEAR that reached the buyback wallet (direct and via the 1Click fund), as a share of designated

TOK-DELIVERED-ALL-VS-DESIGNATED

67.1%DERIVEDas of Nov 10, 2026Computed here

NEAR delivered to the buyback wallet, 90-day run rate (market prices on delivery days)

TOK-DELIVERED-RUNRATE

$13.82MDERIVEDas of Nov 10, 2026Computed here

Designated buybacks, 90-day run rate (same days)

TOK-DESIGNATED-RUNRATE

$20.58MDERIVEDas of Nov 10, 2026DefiLlama

Share of NEAR supply staked with active validators

TOK-STAKING-RATIO

42.2%DERIVEDas of Nov 10, 2026NEAR RPC

Gross issuance, annualized (net supply growth + burns)

TOK-GROSS-ISSUANCE

2.50%DERIVEDas of Nov 10, 2026Computed here

Nominal staking yield (before validator commission)

TOK-STAKING-NOMINAL

5.92%DERIVEDas of Nov 10, 2026Computed here

Real staking yield after dilution

TOK-STAKING-REAL

3.36%DERIVEDas of Nov 10, 2026Computed here

Change in a non-staker's share of supply per year

TOK-NONSTAKER-REAL

-2.41%DERIVEDas of Nov 10, 2026Computed here

Verified value capture per year (NEAR delivered to the buyback wallet + burns)

TOK-VERIFIED-CAPTURE

$14.89MDERIVEDas of Nov 10, 2026Computed here

NEAR delivered to the buyback wallet per year, as a share of total supply

TOK-BUYBACK-ABSORPTION

0.315%DERIVEDas of Nov 10, 2026Computed here

BTC: fully diluted value / market cap (supply still to unlock)

TOK-BTC-FDV-MCAP

1.00xDERIVEDas of Nov 10, 2026CoinGecko

BTC: ownership dilution per year (circulating supply growth excluding one-day events)

TOK-BTC-OWNERSHIP-DILUTION

0.555%DERIVEDas of Nov 10, 2026Computed here

ETH: fully diluted value / market cap (supply still to unlock)

TOK-ETH-FDV-MCAP

1.00xDERIVEDas of Nov 10, 2026CoinGecko

ETH: ownership dilution per year (circulating supply growth excluding one-day events)

TOK-ETH-OWNERSHIP-DILUTION

0.817%DERIVEDas of Nov 10, 2026Computed here

SOL: fully diluted value / market cap (supply still to unlock)

TOK-SOL-FDV-MCAP

1.08xDERIVEDas of Nov 10, 2026CoinGecko

SOL: ownership dilution per year (circulating supply growth excluding one-day events)

TOK-SOL-OWNERSHIP-DILUTION

1.30%DERIVEDas of Nov 10, 2026Computed here

HYPE: fully diluted value / market cap (supply still to unlock)

TOK-HYPE-FDV-MCAP

3.97xDERIVEDas of Nov 10, 2026CoinGecko

HYPE: ownership dilution per year (circulating supply growth excluding one-day events)

TOK-HYPE-OWNERSHIP-DILUTION

-0.106%DERIVEDas of Nov 10, 2026Computed here

NEAR: fully diluted value / market cap (supply still to unlock)

TOK-NEAR-FDV-MCAP

1.00xDERIVEDas of Nov 10, 2026CoinGecko

NEAR: ownership dilution per year (circulating supply growth excluding one-day events)

TOK-NEAR-OWNERSHIP-DILUTION

2.29%DERIVEDas of Nov 10, 2026Computed here

NEAR: share of supply moved into the held buyback wallet per year

TOK-NEAR-TREASURY-ABSORPTION

0.316%DERIVEDas of Nov 10, 2026Computed here

NEAR's own multiple, designated basis (market cap / (burns + designated buybacks), 90-day run rate)

LAD-BASIS-DESIGNATED-MULT

202xDERIVEDas of Nov 10, 2026Computed here

Buyback revenue per dollar of Intents volume, designated basis

LAD-BASIS-DESIGNATED-TAKE

0.042%DERIVEDas of Nov 10, 2026Computed here

$100, designated basis, priced like tron: Intents volume relative to 2036 spot DEX volume

LAD-BASIS-DESIGNATED-100-TRON-SHARE

22.3%DERIVEDas of Nov 10, 2026Computed here

$100, designated basis, NEAR's own multiple: Intents volume relative to 2036 spot DEX volume

LAD-BASIS-DESIGNATED-100-TODAY-SHARE

11.1%DERIVEDas of Nov 10, 2026Computed here

Implied 2036 price at 20% growth, designated basis, priced like tron

LAD-BASIS-DESIGNATED-IMPLIED-TRON

$7.71DERIVEDas of Nov 10, 2026Computed here

NEAR's own multiple, delivered basis (market cap / (burns + delivered buybacks), 90-day run rate)

LAD-BASIS-DELIVERED-MULT

294xDERIVEDas of Nov 10, 2026Computed here

Buyback revenue per dollar of Intents volume, delivered basis

LAD-BASIS-DELIVERED-TAKE

0.028%DERIVEDas of Nov 10, 2026Computed here

$100, delivered basis, priced like tron: Intents volume relative to 2036 spot DEX volume

LAD-BASIS-DELIVERED-100-TRON-SHARE

33.2%DERIVEDas of Nov 10, 2026Computed here

$100, delivered basis, NEAR's own multiple: Intents volume relative to 2036 spot DEX volume

LAD-BASIS-DELIVERED-100-TODAY-SHARE

11.3%DERIVEDas of Nov 10, 2026Computed here

Implied 2036 price at 20% growth, delivered basis, priced like tron

LAD-BASIS-DELIVERED-IMPLIED-TRON

$5.19DERIVEDas of Nov 10, 2026Computed here

NEAR: market cap / value to holders, latest month-end (Burns + designated buybacks (DefiLlama), windows after 23 February 2026 only)

VAL-MULT-HIST-NEAR

First available month 2026-05: 468x.

220xDERIVEDMay 1, 2026 to Nov 1, 2026Computed here

NEAR: market cap / value to holders, latest month-end (Burns + NEAR delivered to the buyback wallet (onchain), windows after the first delivery only)

VAL-MULT-HIST-NEAR-DELIVERED

First available month 2026-07: 402x.

319xDERIVEDJul 1, 2026 to Nov 1, 2026Computed here

NEAR implied 2036 price, base case (20% Intents growth, NEAR's own multiple)

VAL-SENS-BASE

$15DERIVEDas of Nov 10, 2026Computed here

Cash-flow multiple $25 would need at low Intents growth

VAL-MULT-NEEDED-25-LOW

771xDERIVEDas of Nov 10, 2026Computed here

Cash-flow multiple $25 would need at base Intents growth

VAL-MULT-NEEDED-25-BASE

327xDERIVEDas of Nov 10, 2026Computed here

Cash-flow multiple $25 would need at high Intents growth

VAL-MULT-NEEDED-25-HIGH

70.4xDERIVEDas of Nov 10, 2026Computed here

Cash-flow multiple $100 would need at low Intents growth

VAL-MULT-NEEDED-100-LOW

3,084xDERIVEDas of Nov 10, 2026Computed here

Cash-flow multiple $100 would need at base Intents growth

VAL-MULT-NEEDED-100-BASE

1,307xDERIVEDas of Nov 10, 2026Computed here

Cash-flow multiple $100 would need at high Intents growth

VAL-MULT-NEEDED-100-HIGH

282xDERIVEDas of Nov 10, 2026Computed here

BTC: observed growth of its valuation driver, last year

OPP-BTC-OBSERVED

UnavailableDERIVEDas of Nov 10, 2026Computed here

BTC: driver growth needed every year for 7x in ten years

OPP-BTC-7X-CAGR

UnavailableDERIVEDas of Nov 10, 2026Computed here

BTC: annualized volatility, last year

OPP-BTC-VOL-1Y

40.0%DERIVEDas of Nov 10, 2026DefiLlama prices

BTC: maximum drawdown, last three years

OPP-BTC-MAXDD-3Y

-53.1%DERIVEDas of Nov 10, 2026DefiLlama prices

BTC: correlation of daily returns with BTC, last year

OPP-BTC-CORR-BTC

1.00xDERIVEDas of Nov 10, 2026DefiLlama prices

ETH: observed growth of its valuation driver, last year

OPP-ETH-OBSERVED

-31.1%DERIVEDas of Nov 10, 2026Computed here

ETH: driver growth needed every year for 7x in ten years

OPP-ETH-7X-CAGR

22.5%DERIVEDas of Nov 10, 2026Computed here

ETH: annualized volatility, last year

OPP-ETH-VOL-1Y

57.9%DERIVEDas of Nov 10, 2026DefiLlama prices

ETH: maximum drawdown, last three years

OPP-ETH-MAXDD-3Y

-67.5%DERIVEDas of Nov 10, 2026DefiLlama prices

ETH: correlation of daily returns with BTC, last year

OPP-ETH-CORR-BTC

0.87xDERIVEDas of Nov 10, 2026DefiLlama prices

SOL: observed growth of its valuation driver, last year

OPP-SOL-OBSERVED

-24.4%DERIVEDas of Nov 10, 2026Computed here

SOL: driver growth needed every year for 7x in ten years

OPP-SOL-7X-CAGR

23.1%DERIVEDas of Nov 10, 2026Computed here

SOL: annualized volatility, last year

OPP-SOL-VOL-1Y

63.5%DERIVEDas of Nov 10, 2026DefiLlama prices

SOL: maximum drawdown, last three years

OPP-SOL-MAXDD-3Y

-75.8%DERIVEDas of Nov 10, 2026DefiLlama prices

SOL: correlation of daily returns with BTC, last year

OPP-SOL-CORR-BTC

0.75xDERIVEDas of Nov 10, 2026DefiLlama prices

HYPE: observed growth of its valuation driver, last year

OPP-HYPE-OBSERVED

-23.4%DERIVEDas of Nov 10, 2026Computed here

HYPE: driver growth needed every year for 7x in ten years

OPP-HYPE-7X-CAGR

21.4%DERIVEDas of Nov 10, 2026Computed here

HYPE: annualized volatility, last year

OPP-HYPE-VOL-1Y

88.1%DERIVEDas of Nov 10, 2026DefiLlama prices

HYPE: maximum drawdown, last three years

OPP-HYPE-MAXDD-3Y

-64.3%DERIVEDas of Nov 10, 2026DefiLlama prices

HYPE: correlation of daily returns with BTC, last year

OPP-HYPE-CORR-BTC

0.39xDERIVEDas of Nov 10, 2026DefiLlama prices

NEAR: observed growth of its valuation driver, last year

OPP-NEAR-OBSERVED

230.1%DERIVEDas of Nov 10, 2026Computed here

NEAR: driver growth needed every year for 7x in ten years

OPP-NEAR-7X-CAGR

24.3%DERIVEDas of Nov 10, 2026Computed here

NEAR: annualized volatility, last year

OPP-NEAR-VOL-1Y

115.6%DERIVEDas of Nov 10, 2026DefiLlama prices

NEAR: maximum drawdown, last three years

OPP-NEAR-MAXDD-3Y

-89.2%DERIVEDas of Nov 10, 2026DefiLlama prices

NEAR: correlation of daily returns with BTC, last year

OPP-NEAR-CORR-BTC

0.46xDERIVEDas of Nov 10, 2026DefiLlama prices

NEAR Intents share of the fees DefiLlama attributes to the NEAR chain, last 30 days (not NEAR L1 gas)

ECO-INTENTS-FEE-SHARE

86.8%DERIVEDas of Nov 10, 2026DefiLlama (opens in a new tab)

Share of verified value capture from Intents buybacks (H1)

ECO-CAPTURE-FROM-INTENTS

92.8%DERIVEDas of Nov 10, 2026Computed here

NEAR L1 transactions, 90 days vs a year earlier

ECO-L1-TXNS-YOY

-84.0%DERIVEDas of Nov 10, 2026NearBlocks

NEAR L1 daily active accounts, 90 days vs a year earlier

ECO-L1-ACTIVE-YOY

-75.3%DERIVEDas of Nov 10, 2026NearBlocks

NEAR L1 gas fees, 90 days vs a year earlier

ECO-L1-GAS-YOY

-52.0%DERIVEDas of Nov 10, 2026DefiLlama

NEAR Intents volume, 90 days vs a year earlier

ECO-INTENTS-VOL-YOY

230.1%DERIVEDas of Nov 10, 2026DefiLlama

Chain Signatures MPC participants (v1.signer)

ECO-SIGNER-PARTICIPANTS

Signing threshold 11.

16OBSERVEDas of Nov 10, 2026NEAR RPC (opens in a new tab)

Validators needed to control a third of NEAR stake

RISK-VALIDATOR-NAKAMOTO

Top ten validators hold 35.8% of stake; 346 validators.

10DERIVEDas of Nov 10, 2026NEAR RPC

NEAR Intents share of volume among cross-chain swap venues with public volume

CC-INTENTS-VENUE-SHARE

Venues: NEAR Intents, THORChain, Chainflip, Maya Protocol.

58.1%DERIVEDas of Nov 10, 2026DefiLlama and CoinGecko

Median market cap / protocol revenue, cross-chain execution tokens

CC-PEER-MEDIAN-CAP-REV

Peers: THORChain, Chainflip, deBridge (DLN), Stargate, Symbiosis.

7.92xDERIVEDas of Nov 10, 2026DefiLlama and CoinGecko

Median market cap / protocol revenue, cross-chain execution tokens of at least $25M

CC-PEER-MEDIAN-CAP-REV-LIQUID

Peers: THORChain, Chainflip, deBridge (DLN).

13.3xDERIVEDas of Nov 10, 2026DefiLlama and CoinGecko

Median market cap / holders revenue, cross-chain execution tokens

CC-PEER-MEDIAN-CAP-HOLDERS

16.7xDERIVEDas of Nov 10, 2026DefiLlama and CoinGecko

NEAR market cap / Intents protocol revenue

CC-NEAR-CAP-INTENTS-REV

213xDERIVEDas of Nov 10, 2026DefiLlama and CoinGecko

Conditional: market cap attributable to Intents revenue alone at the cross-chain peer median multiple

CC-NEAR-IMPLIED-CAP

Range across peer medians: $163M to $273M.

$163.03MDERIVEDas of Nov 10, 2026DefiLlama and CoinGecko

NEAR Intents: protocol revenue, 90-day run rate

CC-NEAR-INTENTS-REVENUE

Market cap is all of NEAR (the token also carries the L1), so the multiple overstates what the market pays for Intents alone only if the rest of NEAR is worth something on its own.

$20.58MDERIVEDas of Nov 10, 2026DefiLlama and CoinGecko

NEAR Intents: protocol revenue per dollar of volume

CC-NEAR-INTENTS-TAKE-RATE

0.042%DERIVEDas of Nov 10, 2026DefiLlama and CoinGecko

THORChain: protocol revenue, 90-day run rate

CC-THORCHAIN-REVENUE

$8.87MDERIVEDas of Nov 10, 2026DefiLlama and CoinGecko

THORChain: protocol revenue per dollar of volume

CC-THORCHAIN-TAKE-RATE

0.035%DERIVEDas of Nov 10, 2026DefiLlama and CoinGecko

Chainflip: protocol revenue per dollar of volume

CC-CHAINFLIP-TAKE-RATE

0.058%DERIVEDas of Nov 10, 2026DefiLlama and CoinGecko

Relay: protocol revenue, 90-day run rate

CC-RELAY-REVENUE

No volume adapter on DefiLlama; compared on revenue only. DefiLlama counts swap costs in Relay's fees, so its fee rate is not comparable.

$17.61MDERIVEDas of Nov 10, 2026DefiLlama and CoinGecko

Spot DEX volume (DefiLlama "Dexs" category), last 365 days

MKT-SPOT-TRAILING

NEAR Intents' scale reference; includes cross-chain swap networks filed as DEXs (THORChain, Chainflip).

$2.89TDERIVEDas of Nov 10, 2026DefiLlama

Spot DEX volume (DefiLlama "Dexs" category), compound annual growth 2021 to 2025

MKT-SPOT-CAGR

NEAR Intents' scale reference; includes cross-chain swap networks filed as DEXs (THORChain, Chainflip).

26.3%DERIVEDas of Nov 10, 2026DefiLlama

Cross-chain swap volume (DefiLlama bridge categories in its DEX overview), last 365 days

MKT-CROSSCHAIN-TRAILING

NEAR Intents' own category; coverage is thin before 2025 and misses protocols without a volume adapter.

$42.18BDERIVEDas of Nov 10, 2026DefiLlama

Stablecoin supply, year end (USD-pegged), latest

MKT-STABLECOINS-TRAILING

The money on chain that cross-chain execution moves.

$289.50BDERIVEDas of Nov 10, 2026DefiLlama

AI-agent payments (x402), last 365 days

MKT-X402-TRAILING

The one public AI-agent payment series; starts in 2025.

$43.62MDERIVEDas of Nov 10, 2026DefiLlama

Share of spot DEX volume handled by the five largest protocol families, last year

MKT-SPOT-TOP5

uniswap 23.3%, pancakeswap 13.1%, pump 7.0%, aero-protocol 5.2%, HumidiFi 3.4%

52.0%DERIVEDas of Nov 10, 2026DefiLlama

H1: The fees DefiLlama attributes to the NEAR chain are far more concentrated in one product than peers' (restated from "value capture": comparable value-capture data by product does not exist for peers)

HYP-H1

Text (see source)DERIVEDpoint in timeComputed here

H2: NEAR's market cap is high relative to its on-chain economy compared with platforms (an observed valuation gap, not a judgement that it is unjustified)

HYP-H2

Text (see source)DERIVEDpoint in timeComputed here

H3: Intents' take rate is above cross-chain peers, so fee pressure matters more than volume

HYP-H3

Text (see source)DERIVEDpoint in timeComputed here

H4: Cross-chain activity and NEAR L1 activity are moving in opposite directions (diverging trends; migration of value is not proven)

HYP-H4

Text (see source)DERIVEDpoint in timeComputed here

H5: NEAR's dilution is a higher return hurdle than peers'

HYP-H5

Text (see source)DERIVEDpoint in timeComputed here

H6: Under a fixed-valuation model, NEAR needs more driver growth than the alternatives for the same price multiple (a model result, not evidence about which asset is more likely to deliver it)

HYP-H6

Text (see source)DERIVEDpoint in timeComputed here

H7: Most of NEAR's reported activity is automated rather than organic

HYP-H7

Needs: Google Cloud project for BigQuery.

Text (see source)DERIVEDpoint in timeComputed here

H8: Intents revenue depends on a few integrators or solvers

HYP-H8

Needs: Intents Explorer API or BigQuery.

Text (see source)DERIVEDpoint in timeComputed here

H9: Chain Signatures underpins Intents' cross-chain withdrawals, so its value is real but invisible in token capture

HYP-H9

Needs: BigQuery receipts.

Text (see source)DERIVEDpoint in timeComputed here

H10: BTC's daily returns explain most of NEAR's daily return variance (narrowed: this tests BTC dependence only, not what drives the rest)

HYP-H10

Text (see source)DERIVEDpoint in timeComputed here

BigQuery queries

Parameterized SQL against bigquery-public-data.crypto_near_mainnet_us. Every query filters on the block_date partition, is dry-run first, and is refused above the configured byte limit. They need your Google Cloud credentials and billing, so they are not part of live snapshots. Run 01_freshness.sql first: NEAR Lake, the dataset's upstream, stopped indexing new blocks on 2026-03-24.

01_freshness.sql
-- Run this first. NEAR Lake, the upstream source, was deprecated on 2026-03-24, so the
-- dataset may have stopped updating or moved to a new source. Do not assume it is current.
SELECT MAX(block_date) AS latest_block_date
FROM `bigquery-public-data.crypto_near_mainnet_us.blocks`
WHERE block_date >= DATE_SUB(CURRENT_DATE(), INTERVAL 400 DAY);
02_daily_active_signers.sql
-- Daily distinct signers and transactions. Compare with NearBlocks active_accounts.
SELECT
  block_date,
  COUNT(DISTINCT signer_account_id) AS active_signers,
  COUNT(*) AS transactions
FROM `bigquery-public-data.crypto_near_mainnet_us.transactions`
WHERE block_date BETWEEN @start_date AND @end_date
GROUP BY block_date
ORDER BY block_date;
03_contract_usage.sql
-- Most-called contracts per month. Shows how concentrated base-layer activity is,
-- which helps separate real use from a few high-volume apps.
SELECT
  DATE_TRUNC(block_date, MONTH) AS month,
  receipt_receiver_account_id AS contract,
  COUNT(*) AS function_calls,
  COUNT(DISTINCT receipt_predecessor_account_id) AS distinct_callers
FROM `bigquery-public-data.crypto_near_mainnet_us.receipt_actions`
WHERE block_date BETWEEN @start_date AND @end_date
  AND action_kind = 'FUNCTION_CALL'
GROUP BY month, contract
QUALIFY ROW_NUMBER() OVER (PARTITION BY month ORDER BY function_calls DESC) <= 25
ORDER BY month, function_calls DESC;
04_intents_contract.sql
-- Daily activity on the Intents contract. If many swaps come from few predecessors,
-- that supports the explanation that Intents volume does not show up as many signers.
SELECT
  block_date,
  COUNT(*) AS function_calls,
  COUNT(DISTINCT receipt_predecessor_account_id) AS distinct_callers
FROM `bigquery-public-data.crypto_near_mainnet_us.receipt_actions`
WHERE block_date BETWEEN @start_date AND @end_date
  AND action_kind = 'FUNCTION_CALL'
  AND receipt_receiver_account_id = 'intents.near'
GROUP BY block_date
ORDER BY block_date;
05_new_signer_retention.sql
-- Monthly cohorts of NEW signers and how many return in later months. Separates one-time farm
-- accounts from accounts that stay.
--
-- "New" means: first signs a transaction inside [@start_date, @end_date] AND signed nothing in the
-- lookback period [@lookback_start, @start_date). Without the lookback, an account created in 2022
-- that first appears in the window would be miscounted as new. Set @lookback_start to the earliest
-- date you can afford to scan (the full history from mainnet genesis, 2020-04-22, is the strict
-- definition); report the lookback you used, because a shorter one overstates "new".
--
-- Right edge: a cohort that started near @end_date cannot show retention for months that have not
-- happened yet. Rows are only returned for months_after values that are fully observable, and
-- observable_months says how far each cohort can be followed.
--
-- Long date ranges scan more data (you pay normal BigQuery costs); always filter on block_date.
WITH monthly AS (
  SELECT DISTINCT signer_account_id, DATE_TRUNC(block_date, MONTH) AS month
  FROM `bigquery-public-data.crypto_near_mainnet_us.transactions`
  WHERE block_date BETWEEN @start_date AND @end_date
),
seen_before AS (
  SELECT DISTINCT signer_account_id
  FROM `bigquery-public-data.crypto_near_mainnet_us.transactions`
  WHERE block_date >= @lookback_start AND block_date < @start_date
),
first_seen AS (
  SELECT m.signer_account_id, MIN(m.month) AS cohort
  FROM monthly m
  LEFT JOIN seen_before b USING (signer_account_id)
  WHERE b.signer_account_id IS NULL
  GROUP BY m.signer_account_id
)
SELECT
  f.cohort,
  DATE_DIFF(m.month, f.cohort, MONTH) AS months_after,
  DATE_DIFF(DATE_TRUNC(@end_date, MONTH), f.cohort, MONTH) AS observable_months,
  COUNT(*) AS signers
FROM monthly m
JOIN first_seen f USING (signer_account_id)
WHERE DATE_DIFF(m.month, f.cohort, MONTH) <= DATE_DIFF(DATE_TRUNC(@end_date, MONTH), f.cohort, MONTH)
GROUP BY f.cohort, months_after, observable_months
ORDER BY f.cohort, months_after;