Secret Price

Secret (SCRT) is the native cryptocurrency of the Secret Network, a privacy-focused blockchain built on the Cosmos SDK. It currently ranks #620 with a price of $0.1748, showing a -5.02% change in the last 24 hours. As the utility token of Secret Network, SCRT enables privacy-preserving smart contracts that can perform encrypted computations while keeping data private. It serves multiple functions within the ecosystem: • Governance: SCRT holders can create and vote on network proposals • Transaction fees: Used to pay for operations on the network • Staking: Validators and delegators stake SCRT to secure the network • Privacy features: Powers confidential computing and encrypted transactions With a circulating supply of 312.77M SCRT and a total supply of 328.72M SCRT, SCRT has a market cap of $54.67M. The token's 24-hour trading volume is $376.26K, with prices ranging between $0.1729 and $0.1873 during this period. The Secret Network distinguishes itself by combining blockchain transparency with data privacy, making SCRT valuable for applications requiring confidential computing capabilities.

Secret was created on February 12, 2020. It launched as the native token of the Secret Network blockchain, which focuses on privacy-preserving smart contracts. The network evolved from its predecessor project called Enigma, but Secret itself officially launched in 2020 when the Secret Network mainnet went live. As the native token, SCRT is used for transaction fees, staking, and governance on the Secret Network.

Secret was founded in 2017 by Guy Zyskind and Can Kisagun, both graduates from the Massachusetts Institute of Technology (MIT). They established the project with a vision to create a privacy-focused blockchain that enables confidential smart contracts. Zyskind serves as the CEO of Secret Labs, the main development company behind Secret, while Kisagun has been instrumental in developing the network's privacy-preserving technology. Under their leadership, Secret launched its mainnet in February 2020 and has since evolved into a key player in the privacy cryptocurrency sector within the Cosmos ecosystem.

Secret operates on a privacy-focused blockchain that enables confidential smart contracts and private transactions. SCRT uses a Proof-of-Stake consensus mechanism where token holders can stake their coins to validators who secure the network and process transactions. The network employs encryption technology that keeps transaction data private while still verifiable on the blockchain. When users interact with the Secret network, they pay transaction fees in SCRT tokens. These tokens also grant governance rights, allowing holders to vote on protocol upgrades and network parameters. The unique feature of Secret is its ability to maintain privacy while enabling programmable applications, making it different from traditional transparent blockchains. Developers can build decentralized applications (dApps) with built-in privacy features using SCRT's privacy-preserving smart contracts. With a current price of $0.1748 and market cap of $54.67M, Secret continues to develop its ecosystem focused on privacy-preserving Web3 applications.

Secret operates on a sophisticated technical architecture built on the Cosmos SDK. It utilizes a Delegated Proof-of-Stake (DPoS) consensus mechanism where validators secure the network. The unique feature of SCRT is its privacy-preserving computation through Trusted Execution Environments (TEEs), specifically Intel SGX enclaves, which enable confidential smart contracts. The network implements CosmWasm for smart contract functionality, allowing developers to build privacy-preserving applications. Secret's architecture supports cross-chain interoperability through the Inter-Blockchain Communication (IBC) protocol, enabling seamless asset transfers between Cosmos ecosystem blockchains. The network's encryption layer ensures that data remains encrypted in use, allowing computations on encrypted data without revealing the underlying information. This architecture makes Secret ideal for applications requiring privacy while maintaining the benefits of blockchain transparency and security.

Secret has an ambitious roadmap focused on enhancing privacy-preserving technology in the Web3 space. The project aims to expand its ecosystem through several key initiatives: 1. Improving scalability and transaction throughput on the Secret blockchain 2. Enhancing developer tools and SDKs to attract more dApp builders 3. Expanding cross-chain interoperability, particularly within the Cosmos ecosystem 4. Developing privacy-focused DeFi applications and NFT capabilities By 2026, Secret plans to complete major protocol upgrades that will significantly improve network performance. The team is also working on partnerships with other blockchain projects to increase adoption. The current market position (ranked #620 with $0.1748 per SCRT) reflects its niche status, but the roadmap suggests potential for growth as privacy becomes increasingly important in the crypto space. The project's focus on being both a Layer 1 solution and privacy platform positions it uniquely in the market for 2025-2030.