According to DefiLlama, the 24-hour decentralized exchange volume on NEAR Protocol reached $197.55 million as of October 1, 2026. This figure allowed the network to narrowly surpass Avalanche, which recorded $193.92 million in daily volume.
The growth in activity is largely attributed to NEAR Intents, an intent-based trading architecture. This system has processed over $31 billion in cumulative volume, with daily peaks exceeding $300 million in mid-to-late September 2026.
The native-chain total value locked (TVL) for NEAR currently fluctuates between $194 million and $230 million. This increase is driven by interest in liquidity projects like Rhea Finance and various liquid staking protocols.
The ecosystem is also attracting privacy-focused activity linked to Zcash due to updates in intent mechanism features. Additionally, the NEAR token experienced approximately 78% weekly gains during the latter half of September 2026.
