# NEAR Intents Sets $4.76 Billion Swap Record as Token Demand Is Tested

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/30523
Published: 2026-10-12T19:03:37.000Z
Updated: 2026-10-12T19:03:37.000Z
Section: Investing

> September volume rose 72.9% from August, but routed swap value does not show how much NEAR was purchased or held long term.

NEAR Intents processed a record $4.76 billion in swap volume during September, highlighting rapid growth in cross-chain activity while leaving open whether the usage is creating sustained demand for NEAR.

September volume rose 72.9% from August, making it the highest monthly total recorded for the system. NEAR Intents is a cross-chain transaction and swap system that routes asset exchanges and other actions between users, services and AI agents.

The volume figure measures the value moving through those swaps. It does not show how much NEAR was purchased, how many users became long-term holders or whether the activity directly drove the token’s market move.

Captured revenue from NEAR Intents has been used for open-market NEAR buybacks since Feb. 23, 2026, creating a potential connection between protocol usage and token demand. The available figures do not quantify how much September activity translated into buybacks or other lasting demand for NEAR.