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NEAR Intents Activity Jumps as Zcash’s Zashi Wallet Leverages It for Privacy Trades

NEAR’s intent-based platform has seen a sharp uptick in activity, fueled by the integration of Zcash’s Zashi wallet. Transaction volumes nearly doubled month-on-month, while active users surpassed 120,000, according to Dune Analytics.

Over the past 30 days, roughly $800 million in swaps and payments flowed through NEAR Intents, pushing cumulative totals to approximately $1.8 billion since launch. The platform simplifies cross-chain transactions by allowing users to specify outcomes — such as “swap USDC on Ethereum for NEAR on Solana” — while handling routing automatically. USDC, WETH, and emerging ecosystem tokens now dominate by volume, with Ethereum, Solana, and Zcash leading the blockchain side. Last week, active users hit 113,000, indicating sustained engagement rather than one-off activity.

Orders are matched and bundled by relayers, reducing failures and gas costs. This structure appeals to traders seeking seamless cross-chain execution without managing multiple wallets or waiting for bridges to settle.

Zashi enhances NEAR Intents with two key features: Zashi Swaps, which converts BTC, SOL, USDC, and other assets directly into ZEC within the app for shielding, and CrossPay, which allows recipients to receive funds in any NEAR-supported crypto.

The integration comes amid Zcash’s price quadrupling over the past month. By providing smooth on- and off-ramps, Zashi improves usability for everyday participants and sets a template for other privacy wallets to leverage NEAR Intents’ automated routing behind the scenes.