NEAR Protocol gains spot market access on Hyperliquid

The addition of spot trading provides a new avenue for investors to hold the asset without the risks inherent in leveraged perpetual positions. Derivatives activity remains intense on the platform, with open interest for NEAR perpetuals recently recorded at approximately $344.2 million. Positive funding rates of 0.0017% per hour suggest that market sentiment remains bullish, as traders continue to pay a premium to maintain long exposure.

This listing complements a series of recent infrastructure developments across the NEAR ecosystem. Beyond the Hyperliquid deployment, the network recently partnered with Ondo Finance to bring 20 tokenized stocks—including shares of Nvidia and Tesla—to the NEAR Intents platform. Furthermore, the protocol’s Confidential Intents system has seen a surge in usage, with total value locked exceeding $70 million and solver networks facilitating over $30 billion in cross-chain transactions.