Been watching near protocol closely and the move makes sense when you look at what's actually building underneath it. This isn't purely a narrative pump. The fundamentals are worth understanding. NEAR Intents has crossed $20B in cumulative volume generating $40M in fees, with a fee switch directing revenue directly into token buybacks. That's real usage creating real demand. What's driving it: → AI infrastructure positioning - cross-chain intent execution, privacy tooling, automatic PII anonymization for AI inference. Live, not roadmap. → Inflation already halved to 2.5% max annually with supply fully unlocked. Buybacks now compounding on top of tightening emissions. → Institutional flows quietly entering - $7M into the Bitwise NEAR Staking ETP around the upgrade announcement alone. The combination of real on-chain revenue, credible AI infrastructure, and a meaningful technical upgrade arriving shortly is the kind of setup worth understanding properly before it becomes obvious. $NEAR has resistance sitting around $3. Worth watching how it handles that level closely. NFA. DYOR always.