one useful trick in crypto is to look for numbers that don’t fit the story everyone else is telling
lately the story has been simple: the market is dumping, every chart is straight down
but one chart is doing the opposite:
near intents fees
if you look at the data, it’s basically the only metric in crypto right now that’s going vertical:
billions in monthly volume, millions of swaps, and it keeps hitting usage ATHs
and i don't think many interpret the data right
the interesting part is what’s being traded
after usdt and usdc, the next highest volume asset on intents is... zcash
more than btc, eth, sol combined (!)
and the reason is simple, it was the easiest way to get native zcash
(i literally bought mine through intents too)
this is exactly what intents were made for
quick tldr on intents:
instead of sending a transaction, you just tell the network what you want to do and solvers compete to execute it for you
you don’t worry about gas, bridges, or routing
a big chunk of recent ZEC’s distribution wave basically happened through intents
and it’s kind of early proof that intents are gonna be the default ux layer sooner than people think


big thanks to @NEARProtocol for hitting me up to write a quick explainer on intents and shine some light on their huge growth in intents adoption lately
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