NEAR Protocol Launches Confidential Intents, Enabling Developers to Integrate Confidential Execution Functionality

CoinFeed July 8 news, according to official sources, NEAR Protocol announced the launch of Confidential Intents, opening NEAR's confidential execution infrastructure to all developers. Developers and dApps can provide users with confidential transaction functionality through the NEAR Intents 1Click Swap API. NEAR stated that Confidential Intents uses encryption rather than proof generation, requiring no client-side proofs and not increasing wallet complexity; each user's data is encrypted individually rather than pooled and obfuscated. Integration only requires adding one parameter, no rebuild needed. Already over $1.5 billion in ZEC has been settled through NEAR Intents, and within weeks of near.com's launch, 42% of transaction volume used confidential mode, with daily confidential TVL exceeding $30 million.