Plasma, a Layer-1 blockchain network designed for efficient global stablecoin transactions, announced its partnership with NEAR Intents, a multichain router based on the NEAR Protocol. This integration allows for advanced cross-chain swap capabilities, enhancing liquidity and user experience within the decentralized finance (DeFi) ecosystem.
The NEAR Intents feature is now operational on Plasma, enabling users to conduct seamless swaps of over 125 assets across more than 25 major blockchain networks. This collaboration aims to simplify the complexities often associated with cross-chain transactions, making it easier for users to manage their assets without the burdensome technicalities usually involved in bridging tokens and navigating multiple wallets.
With its focus on stablecoin payments, Plasma is positioned to address significant pain points in the current financial landscape, particularly regarding cross-border transactions. The integration eliminates the need for users to engage in complicated multi-step processes, such as managing gas fees across various chains or executing manual bridging actions.
Since its launch on September 25, 2025, Plasma has rapidly gained traction, currently boasting a total value locked (TVL) of $3.20 billion, as reported by DeFiLlama. This reflects Plasma”s commitment to facilitating swift and cost-effective stablecoin payments, thereby solidifying its role as a vital player in the DeFi sector.
The implications of this partnership extend beyond mere asset swaps. By integrating NEAR Intents, Plasma is set to redefine the user experience in decentralized finance, allowing individuals to execute transactions with simplified commands. For example, users can simply request to “swap USDC from Plasma to another network,” and the NEAR Intents system will handle the transaction seamlessly.
This development marks a pivotal shift toward a more user-friendly DeFi environment, where transactions become not only more efficient but also more secure, paving the way for broader adoption of digital currencies in everyday financial activities.
