NEAR’s 178% rally driven by Intents revenue shift, but 61% of fees come from one opaque aggregator

NEAR’s price nearly doubled in a week, driven by a shift in revenue structure toward NEAR Intents, which now accounts for 85% of protocol revenue. However, 61% of Intents fees originate from SwapKit, an aggregator that obscures wallet sources and routes NEAR as one of four interchangeable providers. Privacy-focused intents, including wrapped NEAR deposits, contributed to the rally, while AI-related revenue remains unquantified.