NEAR Intents buybacks have put $6.68 million into NEAR since February. Specifically, September was the biggest month at $1.84 million. October already reached $1.36 million by the 19th.
Why NEAR Intents buybacks matter
NEAR Intents routes swaps across chains. It charges a fee for that work. Then it sends part of what it keeps into buying back its own token. Therefore, the buyback has become a visible line item.
DefiLlama tracks cumulative holders revenue. That is the money put toward buying NEAR. It stood at $6.68 million as of October 19. September reached $1.84 million. August brought $723,262, and July added $504,864. October had already hit $1.36 million with twelve days left.
This is a fraction of the $55.47 million in cumulative fees. However, the direction matters. The monthly figure has more than tripled since July. Also, the buying wallet can be checked on-chain.
Where the money comes from
NEAR Intents settles swaps between different chains. Its fee rises with volume, not with any single trade. Over the past 30 days, DefiLlama counted $7.37 million in fees. Of that, $2.31 million was protocol revenue. That is the share left after paying the people and apps that do the work.
NEAR’s revenue dashboard explains the split plainly. “Total Fees is the gross amount of fees collected,” it states. “Revenue is the portion captured by NEAR Protocol after payouts.” Those payouts go to integration partners, solvers, and dApps.
Fees are denominated in NEAR. The address receiving the buyback share is named for the job: buybacks.multisignature.near. NearBlocks shows it was created seven months before October 19. The first month with recorded buybacks is February 2026. That month reached $196,848, and the figure has been logged every month since.
Two pages, two balances for the same wallet
The trail gets less tidy at the wallet itself. NearBlocks’ account API reports 2,015,496.446 NEAR in the wallet at block 220621578. NEAR’s revenue dashboard lists the same address at 1,510,410.8 NEAR. That is 38.0% of an all-time wallet breakdown total. The two figures do not match. Nothing published alongside them explains the difference.
There is a second gap. Without the price paid on each purchase, the wallet’s NEAR cannot be converted into a dollar total. Therefore, read the buyback in tokens and monthly revenue figures. Do not treat it as one lifetime sum.
The fee engine underneath
The buyback is only as steady as the volume feeding it. Over the past 30 days, DefiLlama recorded $7.37 million in fees. Protocol revenue was $2.31 million. DEX volume reached $4.496 billion.
All time on DefiLlama, fees reached $55.47 million. DEX volume reached $34.443 billion.
On NEAR’s dashboard, updated October 19, all-time Intents volume was $35.24 billion. That is 15.2 times the level a year earlier. Confidential TVL was $151.77 million. That is 1.9 times the month before.
The two dashboards use different definitions. Therefore, their totals sit close together without matching exactly. However, they agree on scale. The fees are large enough that a single-digit percentage for buybacks now runs into seven figures most months.
October’s exploit landed in the same window
DefiLlama lists one security incident for NEAR Intents. It occurred on October 1, 2026. The incident involved $3.8 million and was classified as bridge and cross-chain. NEAR Intents said the funds were returned. The refund arrived in Bitcoin and Monero, according to earlier reporting.
That event sits inside the same October window as the $1.36 million in buybacks. Therefore, the month-end total will show whether the pace held through it.