NEAR Protocol Launches Confidential Perpetual Futures Powered by Hyperliquid

Key Facts

1NEAR Protocol launched perpetual futures on near.com with positions private by default.

2The service utilizes NEAR Intents to route collateral from over 35 different blockchains.

3Hyperliquid handles execution for over 50 markets with leverage up to 40x.

In a move reflecting the growing demand for privacy in decentralized finance, NEAR Protocol has officially launched perpetual futures trading on its main website. The new service features positions that are private by default, ensuring that individual trade details remain off the public ledger. According to reports, the product utilizes NEAR Intents technology to route collateral from over 35 different blockchain networks, enhancing cross-chain liquidity integration.

The execution layer of this service is powered by Hyperliquid, which handles operations for more than 50 markets with leverage options of up to 40x. Per market data, this integration leverages Hyperliquid's execution capabilities, with the underlying technical pipeline reaching a total value locked (TVL) of $70 million as of September 15, 2026. This setup allows for high-leverage trading while maintaining the privacy of the user's entry points and position sizes.

Looking ahead, market participants are monitoring the adoption rates of these confidential perps, although specific instrument price data is currently unavailable. While the upcoming economic calendar shows no direct catalysts for NEAR, broader market sentiment remains sensitive to global macro data, including recent high-impact inflation figures from the US which continue to influence the risk-asset landscape.