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The $NEAR Intents fee switch is now live.
NEAR Intents has officially activated a revenue-sharing model with distribution partners.
With $13B+ in volume and growing, the Switch ensures Intents usage translates into protocol revenue and increases value capture for $NEAR
Every swap across $NEAR Intents generates fees:
-Protocol fees: only 0.0001% to maximize adoption
-Distribution fees: set by partners, now with automatic 50/50 revshare
This helps partners keep fees low for users and stay competitive as Intents expands its cross-chain coverage.
The goal is an economy of scale (aka grow the pie).
More Intents market share means more revenue for both NEAR and integration partners.
Most L1s capture nothing from the volume on their chain. Fees go to validators, MEV bots, LPs. The protocol gets 0.
The Switch changes that. Fees flow to #NEAR to be used for $NEAR buybacks, staking, and more.
NEAR's economic flywheel = more volume → more fees → more buybacks