What to know:
- Ledger integrated NEAR Intents to power cross-chain swaps and self-custody features.
- NEAR Intents processed $2.3 billion in 30-day swap volume and $1.5 billion in ZEC settlements.
- NEAR price climbed 12% this week but faces a key support test near $1.84.
NEAR Protocol and Ledger have unveiled a series of upgrades aimed at making self-custody easier while keeping hardware wallet security at the center of the experience.
The latest version of Ledger Wallet now uses NEAR Intents technology to support cross-chain swaps and improve how users manage digital assets across multiple blockchains.
The upgrade comes at a time when the crypto space continues to struggle with the issue of having a difficult user experience, which involves the use of multiple wallets and apps to handle their assets. Ledger has tried to address this issue with its new app.
This wallet allows the user to view balance information from multiple networks, track profits and losses, and also view the transaction history from within the application itself. This wallet supports more than 50 service providers and also 100 different blockchains.
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NEAR Intents See Rapid Growth
This collaboration is coming at a time when NEAR Intents continues to experience impressive growth. Crypto expert Emperor Osmo says that the increase in the price of NEAR is founded on valid grounds.
Over $1.5 billion worth of transactions involving ZEC have been processed using NEAR Intents. Over 42% of the volume for NEAR trades involves the use of Confidential Mode, which was launched within weeks.
Source: X
The network has improved greatly as well. TVL in NEAR Intents grew by 18.9% over the past month, and TVL in NEAR increased by 17%. The network processes $2.3 billion in swap volume per day and receives about 90% of application-level fees from the blockchain.
NEAR Intents also received $3.02 million worth of fees during the past month, which is much more than other cross-chain protocols like Across or Synapse.
NEAR Price Tests Major Support
Fundamental factors worked positively for NEAR to gain 12% on the week. The daily trading volume stood at $287 million, 1.3x higher than the seven-day moving average.
However, technical indicators indicate that NEAR is approaching an important level. According to analyst Scient, NEAR had maintained support over the last week, with $1.80 being the ideal buy level.
Source: X
The daily chart demonstrates that NEAR is currently trading around a significant demand level ranging between $1.84 and $1.87. This level initially served as a resistance level but turned into a support level following the current market rally this year.
If the price remains above this level, a move towards the $2.25 level and another attempt towards the $3.30-$3.40 resistance level may be considered.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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