near.com – the app that brings crypto, tokenized assets, earning, trading, and payments into one connected experience, confidential by default – announced that it has surpassed $70 million in confidential Total Value Locked (TVL). Hitting the $70M mark automatically triggers the snapshot for “Drop 1” in the NEAR@3.33 Incentive Milestone Program. 333,333 milestone tokens will soon be available for eligible community members to claim.
Surpassing $70 million in Confidential TVL signals that confidential execution is becoming essential infrastructure for onchain markets. Confidential Intents routes transactions through a NEAR private shard, eliminating mempool exposure, predatory MEV, and front-running without the computational overhead of zero-knowledge systems. This growing pool of confidential liquidity gives institutions, enterprises, and autonomous AI agents the privacy and depth to execute high-volume cross-chain swaps without anyone tracing them back to who’s behind it.
Reaching the $70 million milestone has triggered the snapshot for the first 333,333 token reward, which will be available to claim through near.com. Rather than a traditional airdrop, the program is designed to reward users who stay active. Eligible participants must maintain a confidential balance above $100 and an active swap history, while rewards remain locked until NEAR’s three-day VWAP reaches $3.33 or higher, at which point milestone tokens become NEAR. A 2% per-wallet cap also helps limit concentration and keep the distribution broad.
Alex Shevchenko, GM of NEAR Intents said, “Confidentiality is quickly becoming a core requirement for the industry, and NEAR is becoming the rail to make it the new default. This milestone shows that confidential execution is moving beyond a niche use case and becoming the foundation for the next generation of onchain finance. By combining cross-chain liquidity with protection against front-running, strategy leakage, and other forms of MEV, NEAR is giving institutions and DeFi users a more secure way to transact at scale while preserving the speed and usability they expect.”
This snapshot marks the end of the first phase of the NEAR@3.33 campaign. NEAR currently powers confidential execution across more than 30 connected blockchains. Live TVL metrics are available at https://dune.com/near/near-
near.com is the only place to claim milestone tokens. Terms apply.
About NEAR
NEAR is the open infrastructure powering the agent economy. NEAR’s vertically integrated stack connects NEAR Intents for cross-chain execution, NEAR AI for confidential and verifiable AI, and sharded blockchain infrastructure for 1M+ TPS scalability. near.com is NEAR’s unified front-end: one account, 30+ chains, and confidential cross-chain swaps, perps, RWAs, and earn. With $30B+ in cross-chain volume and AI integrations with Abound, Brave Nightly, the Government of Bermuda, OpenMind, Venice AI, and more, NEAR is where agents transact. Learn more at https://www.near.org/.