NEAR Intents and SimpleSwap lead push to replace high-risk, legacy bridges with intent-based execution as losses climb to $2.8B
In April 2026, a single forged message drained about $292 million from one cross-chain protocol. It took no exotic exploit and no novel cryptography. An attacker convinced the bridge that a transfer was authorized, and the bridge paid out.
That incident is unremarkable in context. Cross-chain bridges have lost more than $2.8 billion to date, close to 40% of all value ever stolen in Web3. The average bridge hack runs about eleven times larger than the average non-bridge exploit. And here is the detail that should bother anyone building on this infrastructure: the bridges that lost hundreds of millions, Wormhole and Ronin among them, had all been audited first.
Intent-based execution protects Web3 users from bridges and high-risk portals
Now, the part that cuts against crypto’s self-reliance ethos. The bridge step is the one the user is usually told to handle, picking the route and approving the contract. It feels like control. It is actually the most dangerous decision in the stack, handed to the person least equipped to evaluate it.
A different model is taking that decision away, and the market is moving toward it fast.
Instead of issuing instructions, intent-based execution lets a user declare a result. You state what you hold and what you want, and a network of solvers competes to deliver it. The winning solver picks the route and settles across chains. The user never selects a bridge.
The clearest evidence that this is more than a whitepaper idea is volume. NEAR Intents, the most prominent intent-based layer, crossed $20 billion in cumulative volume in early June 2026 after more than 25 million swaps. It was the fastest-growing cross-chain protocol of 2025, and the curve is steepening: it reached $5 billion late last year, then doubled to $10 billion by January and again to $20 billion within five months.
Simple Swap and NEAR lead intent-based execution push
What makes this case worth a second look is the adopter. SimpleSwap is a self-custodial swap aggregator that has operated since 2018 and served more than 10 million users through every market cycle the space has had. It holds no user balances and routes across 20+ liquidity providers.
It added NEAR Intents not as a headline grab, but as an infrastructure change to its routing layer.
“Intent-based providers operate differently at the infrastructure level — no wallet connection on the user side, outcome-driven execution, and clean API integration. That combination fits how SimpleSwap is built, and it’s the direction we want the liquidity layer to move,” said Stefan Lauer, the company’s Head of Infrastructure.
NEAR framed the integration as a reach into a model SimpleSwap already matched.
“SimpleSwap has built a reputation for making crypto easier to use, which is exactly why this integration is a perfect fit. By bringing NEAR Intents to their users, we’re removing complexity from cross-chain transactions and making it easier for people to access the assets they want. We’re excited to work with the team at SimpleSwap.” — Dillon Freeman, Head of Partnerships, NEAR.
How will intent-based execution work?
Here is the idea that should make a crypto reader pause. Self-custody dogma says control everything yourself. Intent-based execution asks you to give up one specific choice, the route, while keeping custody of your funds the entire time. Giving up that choice is what removes you from the attack surface that has cost the industry billions. Less control over the path, in this one place, buys more safety.
Intent-based settlement is not a security guarantee. It reduces a user’s exposure to bridge selection, but it does not eliminate cross-chain risk. Abstraction layers still inherit the weaknesses of the networks they connect.
The competition is crowded too: Solana and Ethereum are building their own chain-abstraction stacks, and the window for any single protocol to own the model is closing.
What the SimpleSwap integration offers is a data point with weight. When an eight-year-old self-custody venue with more than 10 million users treats the manual swap as the past, that signal is worth more than another launch announcement.
Whether the rest of the market agrees will show up in volume and retention, not in slogans.
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