NEAR tokens surged by 17% after the launch of "Confidential Intents" private execution layer, continuing the previous 40% weekly increase. This feature routes transactions through private sharding to protect against front-running and MEV bots while maintaining auditability. It is targeted at institutional users and was officially launched after being announced at the NEARCON conference. Despite the price increase, on-chain data shows that the market is more optimistic about future institutional adoption rather than reacting to the current network fee spike.
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NEAR tokens surged by 17% after the launch of "Confidential Intents" private execution layer, continuing the previous 40% weekly increase. This feature routes transactions through private sharding to protect against front-running and MEV bots while maintaining auditability. It is targeted at institutional users and was officially launched after being announced at the NEARCON conference. Despite the price increase, on-chain data shows that the market is more optimistic about future institutional adoption rather than reacting to the current network fee spike.