NEAR token jumps 17% after ‘Confidential Intents’ launch, outpaces privacy tokens sector

Private execution layer aims to curb MEV and front-running as the token extends 40% weekly rally despite modest onchain earnings. What to know : NEAR’s token jumped as much as 17%, extending a roughly 40% weekly rally, after the network launched “Confidential Intents,” a private execution layer for trades. The new feature routes transactions through a private shard linked to NEAR’s mainnet, letting users toggle into confidential accounts to reduce front-running, sandwich attacks and other forms of MEV. Market reaction suggests investors expect the privacy-focused, compliance-aware system to attract institutional trading flow to NEAR, even though current base-layer fee revenue remains modest relative to its $1.8 billion market value.