NEAR Says Nearly Half Of Swap Volume Is Already Confidential

NEAR says nearly half of all swap volume on near.com is already confidential, less than two months after Confidential Swaps went live on March 31.

The update shows privacy moving from a separate crypto feature into the default trading flow. Users swapping assets through near.com can route activity through NEAR’s confidential infrastructure, reducing the public visibility that normally surrounds cross-chain execution, wallet history and transaction paths.

Confidential Swaps went live on near.com at the end of March as part of NEAR’s broader push around NEAR Intents and cross-chain liquidity. The latest NEAR update says almost half of swap volume is now confidential, showing that the private route is already taking meaningful share inside the user interface.

The swap data follows NEAR’s recent confidential payments launch, which allowed users to send assets across chains without exposing the full sender path to public blockchain observers. Together, the two features put confidential transfers and confidential swaps inside the same user-facing privacy stack.

NEAR Intents Powers Private Cross-Chain Execution

NEAR’s privacy push is built around Confidential Intents, a system designed to execute cross-chain transactions in a restricted-visibility environment before settlement.

The design targets a common weakness in public DeFi. Standard swaps can reveal wallet balances, asset paths, timing, counterparties and trading intent before or during execution. That creates risks for users, market makers, institutions and larger traders that do not want every action exposed to public mempools and analytics tools.

Confidential execution helps reduce that visibility while keeping the swap flow usable inside near.com. Users do not need a separate privacy app or a manually complex bridge path to access the confidential route. The private swap path sits inside the same interface where NEAR is already routing cross-chain liquidity.

The push comes as other networks also move privacy closer to everyday payments and settlement. Sui recently advanced the same theme with private-by-default stablecoin transaction plans, after launching gasless stablecoin transfers for supported assets.

Privacy Moves Into The Default UX

The adoption figure gives NEAR a stronger privacy story than a simple feature launch. Nearly half of swap volume using confidential routing shows that users may choose privacy when it is built into the main flow instead of placed behind extra steps.

That shift is important for DeFi because privacy has often struggled with poor usability, weak liquidity or compliance concerns. A confidential swap feature tied directly to cross-chain execution can become more practical when it preserves a simple interface and keeps liquidity access broad.