NEAR Intents Revolutionizes Cross-Chain Swaps on Sui Blockchain

NEAR Intents and Sui: A New Era of Cross-Chain Swaps

NEAR Intents has launched a groundbreaking integration with the Sui blockchain, enabling swift cross-chain swaps without the need for bridges or intermediary tools. This development marks a significant advancement in the decentralized finance (DeFi) sector, enhancing interoperability and user experience across 20 chains and more than 80 assets, as reported by [Sui Foundation](https://blog.sui.io/near-intents-ai-crosschain-swaps/).

Understanding NEAR Intents

NEAR Intents introduces a novel approach to cross-chain coordination. Users can now express their transaction intents, which are then executed by solvers to determine the most efficient fulfillment path. This method simplifies the user experience compared to traditional smart contract flows, providing a seamless and efficient alternative to cross-chain decentralized exchange (DEX) interactions.

Implications for Sui Users

This integration allows Sui users to swap assets from major chains such as NEAR, BTC, ETH, SOL, XRP, DOGE, and ZEC directly into the Sui ecosystem within seconds. The process eliminates the need for users to manage gas on multiple chains or navigate complex interfaces, streamlining the experience for swaps, over-the-counter trades, and gifting assets. Illia Polosukhin, co-founder of NEAR Protocol, expressed enthusiasm about the collaboration, stating, “Swapping native assets in just one click brings true interoperability to all of Web3 and unlocks powerful new experiences in DeFi and AI for developers innovating on Sui.”

Growth and Momentum of Sui

The timing of this integration is crucial as Sui's DeFi ecosystem continues to gain momentum. The platform has achieved a total value locked (TVL) of over $1.7 billion, ranking it ninth among all blockchains. In the past month, Sui recorded more than $8.1 billion in DEX volume, placing it eighth in the industry. Furthermore, Sui's stablecoin market cap surged to over $1 billion in June, reflecting a growth of over 180 percent since the start of the year. Sui Foundation Managing Director Christian Thompson emphasized the empowerment this integration brings to users, allowing them to exchange value directly and efficiently. “With Intents-based swaps live, Sui users can now trade, gift, and coordinate value in ways that are fast, private, and intuitive,” he noted.

Future Prospects

The integration of NEAR Intents is already live, with developers encouraged to incorporate this functionality into their Sui applications. The forthcoming weeks will see the addition of more Sui-native tokens, further expanding the utility and reach of this innovative solution. Alex Shevchenko, Co-Founder and CEO of Aurora Labs, highlighted the user-centric nature of this development. “With this integration, we’re bringing the world closer to Sui’s ecosystem. Anyone can now swap assets across 20+ chains into Sui in seconds,” he said, underscoring the simplicity and control Intents offer users.