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NEAR Protocol

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Revenue from NEAR Intents (<a href="https://x.com/near_intents" rel="noopener noreferrer nofollow">@near_intents</a>) has funded about $2.7M in <a href="https://x.com/search?q=%24NEAR&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$NEAR</a> buybacks so far in the fourth quarter, close to the $3.07M recorded for the whole of Q3, according to DefiLlama data. With roughly half the quarter still to run, the pace points to a higher total than the previous three months.
<h2 id="fees-solvers-and-partner-apps">Fees, Solvers and Partner Apps</h2>
NEAR Intents is the network's cross-chain swap product. Of the $8.68M in fees it has collected since October 1, it has kept $2.82M, with the rest going to solvers and partner apps. DefiLlama's methodology describes gross fees as the protocol fee plus the affiliate fee each frontend collects, while revenue is NEAR's net captured share, which <a href="https://defillama.com/protocol/near-intents" rel="noopener noreferrer nofollow">DefiLlama's NEAR Intents page</a> says reconciles with the on-chain buyback.
Usage has supported the fee flow. Swap volume on Intents reached $3.76B over the past 30 days, lifting the total since launch to $37.3B. DefiLlama's own page showed <a href="https://defillama.com/protocol/near-intents" rel="noopener noreferrer nofollow">$3.715B in 30-day volume</a> and $5.59M in 30-day fees at the time of its latest update, which is broadly in line with those figures.
<h2 id="how-the-buyback-program-works">How the Buyback Program Works</h2>
The buybacks began in February and now add up to about $8M. Third-party data points to a similar scale: Altcoin Buzz, citing DefiLlama, <a href="https://www.altcoinbuzz.io/near-protocol-q3-2026-on-chain-activity-intents" rel="noopener noreferrer nofollow">reported more than $8M captured for NEAR buybacks</a> from a fee mechanism introduced in February 2026, while noting a distinction between fee capture and completed token purchases.
The tokens are bought on the open market and none are burned. <a href="https://x.com/NEARProtocol" rel="noopener noreferrer nofollow">@NEARProtocol</a>'s February plan places them in a governance-run treasury that can redeploy them for ecosystem growth. Independent analysis agrees that purchased NEAR is held rather than burned, as <a href="https://coinpaprika.com/education/near-protocol-explained" rel="noopener noreferrer nofollow">Coinpaprika's NEAR Protocol explainer</a> lists the purchases as held, not burned.
The buybacks sit alongside new token issuance. TradingView News, <a href="https://www.tradingview.com/news/stocktwits:bfd67ef5d094b:0-near-treasury-firm-ceo-says-buybacks-are-still-real-but-issuance-runs-six-times-higher/" rel="noopener noreferrer nofollow">citing comments from a NEAR treasury firm CEO</a>, reported that buybacks over one 30-day period were about $1.9M against roughly $13M of newly issued NEAR. A governance proposal would cut maximum annual issuance from 2.5% to 1.6%.
NEAR trades at $3.71, up 4.42% over 24 hours.
Sources
<ul>
 <li><a href="https://defillama.com/protocol/near-intents" rel="noopener noreferrer nofollow">DefiLlama: NEAR Intents TVL, Fees, Revenue and Volume</a></li>
 <li><a href="https://www.altcoinbuzz.io/near-protocol-q3-2026-on-chain-activity-intents" rel="noopener noreferrer nofollow">Altcoin Buzz: NEAR Protocol Records $10.4B in Q3 Activity</a></li>
 <li><a href="https://www.tradingview.com/news/stocktwits:bfd67ef5d094b:0-near-treasury-firm-ceo-says-buybacks-are-still-real-but-issuance-runs-six-times-higher/" rel="noopener noreferrer nofollow">TradingView News: NEAR Treasury Firm CEO on Buybacks and Issuance</a></li>
</ul>
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NEAR Intents Revenue Funds $2.7M in NEAR Buybacks, Nearing Q3 Total of $3.07M

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