NEAR nearly doubled in a week, and it’s not just about the privacy narrative rotation. The most direct catalyst is the 'options-style airdrop': users can only unlock their incentives 1:1 if NEAR consistently holds above $3.33. After this mechanism was implemented, nearly $65 million in new funds poured in within just a few days. On the other hand, NEAR integrated with Hyperliquid for private perpetual trading, directly leveraging existing liquidity and bringing chain abstraction and privacy into real trading scenarios. With incentives, products, and the privacy trend driven by ZEC all colliding, NEAR hit all three narratives at once this round.