James Ding
Jul 18, 2025 01:28
NEAR Intents introduces seamless cross-chain swaps on Sui, enhancing DeFi integration with quick, bridge-free transactions throughout a number of blockchains, in keeping with Sui Basis.
NEAR Intents and Sui: A New Period of Cross-Chain Swaps
NEAR Intents has launched a groundbreaking integration with the Sui blockchain, enabling swift cross-chain swaps with out the necessity for bridges or middleman instruments. This improvement marks a big development within the decentralized finance (DeFi) sector, enhancing interoperability and person expertise throughout 20 chains and greater than 80 belongings, as reported by [Sui Foundation](https://weblog.sui.io/near-intents-ai-crosschain-swaps/).
Understanding NEAR Intents
NEAR Intents introduces a novel method to cross-chain coordination. Customers can now categorical their transaction intents, that are then executed by solvers to find out probably the most environment friendly success path. This methodology simplifies the person expertise in comparison with conventional sensible contract flows, offering a seamless and environment friendly various to cross-chain decentralized alternate (DEX) interactions.
Implications for Sui Customers
This integration permits Sui customers to swap belongings from main chains corresponding to NEAR, BTC, ETH, SOL, XRP, DOGE, and ZEC immediately into the Sui ecosystem inside seconds. The method eliminates the necessity for customers to handle gasoline on a number of chains or navigate advanced interfaces, streamlining the expertise for swaps, over-the-counter trades, and gifting belongings.
Illia Polosukhin, co-founder of NEAR Protocol, expressed enthusiasm in regards to the collaboration, stating, “Swapping native belongings in only one click on brings true interoperability to all of Web3 and unlocks highly effective new experiences in DeFi and AI for builders innovating on Sui.”
Development and Momentum of Sui
The timing of this integration is essential as Sui’s DeFi ecosystem continues to realize momentum. The platform has achieved a complete worth locked (TVL) of over $1.7 billion, rating it ninth amongst all blockchains. Previously month, Sui recorded greater than $8.1 billion in DEX quantity, inserting it eighth within the business. Moreover, Sui’s stablecoin market cap surged to over $1 billion in June, reflecting a progress of over 180 % for the reason that begin of the 12 months.
Sui Basis Managing Director Christian Thompson emphasised the empowerment this integration brings to customers, permitting them to alternate worth immediately and effectively. “With Intents-based swaps reside, Sui customers can now commerce, present, and coordinate worth in methods which might be quick, non-public, and intuitive,” he famous.
Future Prospects
The combination of NEAR Intents is already reside, with builders inspired to include this performance into their Sui functions. The forthcoming weeks will see the addition of extra Sui-native tokens, additional increasing the utility and attain of this progressive answer.
Alex Shevchenko, Co-Founder and CEO of Aurora Labs, highlighted the user-centric nature of this improvement. “With this integration, we’re bringing the world nearer to Sui’s ecosystem. Anybody can now swap belongings throughout 20+ chains into Sui in seconds,” he stated, underscoring the simplicity and management Intents provide customers.Picture supply: Shutterstock