NEAR spot trading has gone live on Hyperliquid, giving users direct access to NEAR/USDC alongside the platform’s existing perpetual market.NEAR perpetual open interest on Hyperliquid stood near $344 million as the token traded above $4 following a strong weekly rally.Positive funding showed long positions were paying shorts, while new spot activity could provide a clearer picture of demand beyond leveraged trading.NEAR’s rally has coincided with growth in Confidential Intents and several recent integrations across its ecosystem.