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NEAR Surges Over 21% 🚀
🚨 NEAR JUMPS 21%+ AS PRIVACY NARRATIVE HEATS UP!
NEAR Protocol recently attracted major attention after introducing Confidential Perpetuals, powered through Hyperliquid infrastructure.
Reportedly, NEAR's confidential perpetual trading design hides details such as:
🔒 Position size
🔒 Trading direction
🔒 Entry information
🔒 Asset/position details
The idea is to reduce problems associated with fully transparent on-chain trading, including:
➡️ Front-running
➡️ Strategy copying
➡️ Liquidation hunting
Market reports showed NEAR gaining around 21% in 24 hours amid this development and the broader privacy narrative. �
Coinpedia Fintech News +1
This is an interesting development because DeFi traditionally depends on transparency — while professional traders often want more privacy.
The big question:
Can confidential trading bring more serious traders and institutions on-chain?
$NEAR #NearProtocol #DeFi #Crypto #harrycrypto