what's Secret Network?
Secret Network is a blockchain platform designed for confidential computing, enabling developers to build decentralized applications with privacy-preserving smart contracts. It uses Trusted Execution Environments (TEEs) to encrypt inputs, outputs, and state of smart contracts, ensuring data remains private while allowing verifiable computations. Built on the Cosmos SDK, it supports interoperability with other blockchains and focuses on applications in DeFi, AI, and Web3 where data sovereignty is crucial, preventing front-running and protecting user information without compromising decentralization. The network's native token facilitates governance, staking, and transaction fees, while its architecture allows for secret contracts that handle encrypted data across various use cases like private NFTs, secure voting, and confidential stablecoins. Secret Network emphasizes regulatory compliance, such as GDPR support, by providing auditable privacy rather than full anonymity, making it suitable for enterprise and institutional adoption in a privacy-focused Web3 ecosystem.
Secret Network is featured by Solana as a confidential virtual machine provider.
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Moved from hardware TEE (Trusted Execution Environment) to MPC (Multi-Party Computation) architecture, partly due to Intel deprecating SGX limiting node operator growth.
Featured in Solana's official list of agent infrastructure projects as a confidential virtual machine provider.
Achieved $429k in weekly IBC volume, ranking 5th among IBC assets.
Listed on gTrade with up to 150x leverage alongside DCR and DUSK.
Listed as an "emerging / lesser known player" in a crypto trader's privacy watchlist following a16z crypto's 2026 big ideas on privacy, positioned below main privacy infrastructure projects with high mindshare.
Serves as Bronze sponsor for Agents Unleashed event at EF DevCon on November 18, focused on intersection of AI agents and cryptocurrency.
SCRT gains 41% since September 2025, ranking 4th among major privacy coins with ZEC leading at +707% and DASH at +263%.
Trader reports 38% return on SCRT over 72-hour period after rapidly re-entering altcoin markets from cash position.
Privacy sector leads the entire crypto market over the last week with SCRT ranking #2 by 7-day performance among privacy coins.
Trader observes liquidity tape activity for SCRT alongside other privacy coins DASH, ZEN, and XVG.
Token rallies 17% on Kraken exchange alongside other Layer 1 cryptocurrencies.
Mentioned as part of upcoming alt run portfolio.