NEAR's Confidential Intents Surpasses $26M in TVL, Expands to Over 35 Chains

NEAR's Confidential Intents feature has seen significant growth since its public launch on February 25, 2026. The total value locked (TVL) in the system surpassed $26 million as of mid-June 2026, a substantial increase from its earlier range of $15 to $20.7 million. This rapid expansion is notable, given that Confidential Intents has only been live for under four months.

The feature addresses transaction visibility by processing transactions through a private shard operated by permissioned validators. This setup shields transaction details from public exposure at every stage, including RPC interactions and mempool visibility. The system handles swaps, transfers, deposits, and withdrawals, covering the core actions in DeFi activity.

NEAR's use of a curated set of validators to process confidential transactions is a deliberate trade-off between decentralization and computational efficiency. This approach allows for stronger privacy guarantees without the overhead of zero-knowledge proofs on every transaction. The protocol also launched an incentive program on June 11, 2026, which rewards participants with milestone tokens once aggregate Confidential Intents TVL reaches $70 million.

The expansion to support transactions across more than 35 different blockchains amplifies the value proposition of Confidential Intents as a cross-chain privacy layer. This infrastructure is particularly attractive to institutions seeking confidentiality rather than anonymity in their transactions.