- In the protocol NEAR launches Universal Send, a privacy-focused cross-chain payment service.
- As a result, the token price rose by 11 to $2,55.
NEAR protocol developers have launched the long-awaited Universal Send feature. It’s a cross-chain payment tool that allows you to send any token to any supported network. BlockThe key point is the confidentiality of the underlying transaction data.
The implementation of this new feature will simplify user interaction with the blockchain, as the new system combines bridging, exchange, and settlement into a single action. Information about the sender or transfer amounts remains hidden from public blockchain explorers.
Universal Send is said to be built on NEAR Intents. This intent-based execution layer has processed over $18 billion in total transaction volume.
В communication The NEAR social network emphasizes that users scan the QR code, select token and confirm the payment. The system handles the conversion and routing. Ultimately, the recipient receives the funds in the requested asset, regardless of the source network.
Settlements are carried out through competing third-party “resolvers.” They fulfill user-specified intents and finalize transactions on the blockchain. The protocol compares this privacy model to single-chain systems, such as ZcashHowever, the protocol itself operates on multiple blockchains.
A risk assessment conducted by Hindenrank in 2026 found that NEAR Intents could fall into the “moderate risk” category. This is due to the novelty of cross-chain verification systems. However, they also rely on external execution agents, despite auditing key components.
Researcher from LeoDex считаетThis design reduces the risk of attacks on the blockchain. It’s similar to MEV and frontrunning, moving transaction execution off-chain. And they depend on the honesty of the solver.
Following this event, the altcoin saw a significant recovery in the crypto market. Its price has risen more than 10,7% in the last 24 hours, and NEAR is currently traded at the price of $ 2,55.
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