Bitwise CIO says NEAR’s investment case goes beyond its AI ambitions

PRICE MOVEBitwise CIO says NEAR’sinvestment case goes beyondits AI ambitions12IMPORTANCECLOSED2NEWS MEDIA2PIECESOct 7, 2026 17:57blockboard.net

NEAR Intents passed $30 billion in cumulative volume, and the surrounding coverage places that milestone alongside rising fee totals and a Bitwise view that NEAR already has a business model beyond its AI plans. The same set of details also ties the network to activity across dozens of blockchains and to a forecast of roughly $45 million in fees this year, with some revenue returned through buybacks.

What this rests on

Claim by claim, with its source
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Matt Hougan said NEAR’s investment case rests on an existing business rather than only on its AI ambitions.
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NEAR Intents passed more than $30 billion in cumulative volume across 35-plus blockchains.
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Combined gross fees tied to NEAR Intents reached $53.44 million.
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Annual fees tied to Intents were said to be approaching $45 million, with some revenue returned through buybacks.
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NEAR crypto rose 198% in the third quarter.

What it means

Who it affects, what changes and what is still unconfirmed

Each sentence links inside to the piece that supports it.

For users and market watchers, the immediate takeaway is that NEAR is being framed as more than an AI story today. The discussion now centers on Intents activity that has already crossed $30 billion and on fee generation that has been described in the tens of millions, which is what observers notice first this week.

Market reaction

NE NEAR Protocol the headline names this asset from 2 h before to 4 h after the line marks the first headline
published
+0.79 % before publication
+2.53 % after
$5price at publication
12series points

How the story was built

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 7 17:50
Crypto Briefing scoop
Breaks the event: $30B and $45M
+15 h 9 m
Oct 8 09:00
The Coin Republic context
Its angle: intelligence, opportunity, blockchains; with quotes

Where this sits in the NEAR Protocol series

WhenWhat happenedFigure
5 days ago NEAR a 5.96 $ high today it sits -14.9 % from there
8 days ago NEAR a 4.41 $ low today it sits +15.0 % from there

From what we have stored, starting 22 days ago.