According to DefiLlama data, revenue from $NEAR Intents (@near_intents) has funded about $2.7M in $NEAR buybacks so far in the fourth quarter, nearly matching the $3.07M recorded over all of Q3. With roughly half the quarter still to go, the current pace points to a higher total than in the previous three months.
Fees, Solvers and Partner Apps
$NEAR Intents is the network’s cross-chain swap product. Since October 1, it has collected $8.68M in fees and retained $2.82M, with the remainder going to solvers and partner apps. DefiLlama’s methodology defines gross fees as the protocol fee plus the affiliate fee collected by each frontend. Revenue is $NEAR’s net captured share, which, according to DefiLlama’s $NEAR Intents page, reconciles with the on-chain buyback.
Usage has supported the fee flow. Swap volume on Intents reached $3.76B over the past 30 days, bringing the total since launch to $37.3B. At the time of its latest update, DefiLlama’s own page showed $3.715B in 30-day volume and $5.59M in 30-day fees, broadly in line with those figures.
How the Buyback Program Works
Buybacks began in February and now total about $8M. Third-party data indicates a similar scale: Altcoin Buzz, citing DefiLlama, reported that more than $8M had been captured for $NEAR buybacks through a fee mechanism introduced in February 2026, while distinguishing fee capture from completed token purchases.
The tokens are purchased on the open market and none are burned. @NEARProtocol’s February plan places them in a governance-run treasury, where they can be redeployed for ecosystem growth. Independent analysis likewise says purchased $NEAR is held rather than burned: Coinpaprika’s $NEAR Protocol explainer lists the purchases as held, not burned.
The buybacks are taking place alongside new token issuance. TradingView News, citing comments from the CEO of a $NEAR treasury firm, reported that buybacks over one 30-day period amounted to about $1.9M, compared with roughly $13M in newly issued $NEAR. A governance proposal would reduce maximum annual issuance from 2.5% to 1.6%.
$NEAR trades at $3.71, up 4.42% over 24 hours.
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