near intents, near's cross-chain swap product, uses its revenue to buy near on the open market. the bought tokens are not burned. this buying fell 40.6% in the latest full week, from $638k over october 9-15 to $379k over october 16-22. near also joins three bitwise large-cap indexes at the october 30 rebalance. this could add new demand while intents buying is smaller, but the size of index-linked buying is not known.
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