NEAR Protocol's Intents Achieve 1 Million Swaps, Validating Product Market Fit Claims

NEAR Protocol's innovative "Intents" feature has surpassed one million total swaps, marking a significant milestone that suggests strong product market fit. This achievement was highlighted by Avichal, a prominent figure from Electric ϟ Capital, who stated on July 18, 2025, > "I think Intents from @NEARProtocol may have product market fit." The milestone, announced by NEAR Protocol on July 16, 2025, underscores the growing adoption and utility of this AI-native transaction layer within the blockchain ecosystem.

NEAR Intents are designed to simplify Web3 interactions by allowing users and AI agents to define desired outcomes rather than managing complex, low-level transactions. This abstraction is facilitated by a network of "solvers" that compete to execute the most efficient plan across various chains, markets, or APIs. The system streamlines processes, making cross-chain settlement reliable and fast, regardless of the native asset chain.

The rapid accumulation of over one million swaps demonstrates a clear demand for simplified, outcome-driven blockchain operations. This success positions NEAR Intents as a crucial component in bridging liquidity across decentralized exchanges (DEXs), centralized exchanges (CEXs), and even traditional markets. The protocol aims to abstract away blockchain complexity, fostering a more intuitive user experience for both individuals and AI agents.

Key use cases for NEAR Intents include seamless cross-chain asset swaps, simplified user onboarding, and enhanced functionality for decentralized autonomous organizations (DAOs) and gaming. By enabling AI agents to transact autonomously and securely across multiple blockchains, NEAR Protocol is advancing its vision as the "Blockchain for AI." This development is expected to pave the way for new assets, expanded chain support, and innovative products built on the Intents framework.