Every ZEC swap on the NEAR Intents cross-chain protocol, in one view. Top: daily volume in USD, inbound (other assets swapped INTO ZEC) against outbound (ZEC swapped out), each split into BTC, ETH and everything else.
Below: net flow per day (inbound minus outbound), then the cumulative running totals over the visible range, which reset to zero at the left edge. The daily net and the overall cumulative follow whichever bars you leave switched on, so hiding the two "other" series reads the ZEC↔BTC and ZEC↔ETH flow on its own.
The cumulative BTC and cumulative ETH lines are each pair's own running net and do not move when an unrelated bar is hidden, so they can be read against the total on the same axis.
BTC and ETH here mean the coins themselves, not their chains: stablecoins and wrapped tokens on Ethereum count as "other". Shows whether ZEC is being accumulated or distributed on this route, and against which asset. Data from the NEAR Intents Explorer API.
Net ZEC Flow (NEAR) was -$9.35M on 2026-09-26, the last full day of data.
🔗 permalink ⇆ compareThis is inbound against outbound swap volume, and the net on NEAR Intents, a cross-chain swap protocol. It is one path between Zcash and everything else, and far from the only one — centralised exchanges move more. So a rise here means more value took this route, which is not the same as more value moving.
It is off-chain from Zcash's point of view. What the Zcash chain sees is an ordinary transfer; the swap itself happens elsewhere. None of this is visible in transaction counts as swapping, and none of it is shielded activity.
Inbound is other assets being swapped INTO ZEC and outbound is ZEC being swapped out. Bitcoin is broken out separately. BTC↔ZEC is the pair most likely to be someone rotating between the two rather than entering or leaving crypto. Somebody swapping BTC for ZEC has already decided to hold crypto and is choosing between the two, so it reads as relative preference rather than as money arriving or leaving.
The cumulative line is the one to watch, not the daily bars. Daily net flow is noisy enough that any given bar means little; the running total is what says whether this route has been a net way in or a net way out.
Net and cumulative follow whichever series are switched on, so turning off the two other series reads the ZEC↔BTC pair on its own — the daily bars, the net and the running total all restricted to it.
For the cross-chain picture as a graph rather than a series, see the swap graph.