Hassan Maishera
On Wednesday, the Near Protocol announced via X that NEAR Intents is officially live on the Avalanche blockchain.
Users can now swap AVAX, USDC, and USDT on Avalanche from 125+ native assets across over 25 chains in a single click. Deposits and withdrawals for USDC and USDT on Avalanche are also fully supported on the NEAR Intents app, the team added.
NEAR Protocol is a decentralized application platform designed to make apps similarly usable to those on today’s web. The network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which aims to provide dynamic scalability and stabilize fees. NEAR is trading at $0.9747, down 2% in the last 24 hours.
Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.AVAX is down 1.4% today and currently trades at $8.726 per coin.
