🔥 @tenprotocol This thing is a bit outrageous!
Recently, my Twitter feed is full of this project. I initially thought it was just another "privacy chain" old routine, but when I looked at the technical architecture—wow, they’re directly giving smart contracts an invisibility cloak? 🕵️♂️
(Tactical smoke.jpg) I have to seriously talk about this:
1. A true "black box" operation, but this time it’s a compliment.
Other chains' privacy solutions are either ZK or MPC, but TEN has directly integrated TEE + encrypted co-processor, with contract execution fully encrypted, and even the validating nodes can’t see the content… MEV bots are out of a job! 💼
The testnet data is even more exaggerated:
A certain DEX using TEN routing has zero slippage for large transactions.
Privacy Swap is three times faster than public chains (what happened to sacrificing performance for privacy??)
2. The team is too hardcore.
The original team from R3 Corda (enterprise-level blockchain veterans).
Led by a former architect from JPMorgan (bank-level security standards).
Zero turnover record (how can a crypto team be this stable? Outrageous!)
(Programmers rejoice.gif) Their GitHub update frequency is more diligent than my Twitter scrolling, and they are currently optimizing cross-chain privacy communication. Are they aiming to take down Cosmos/IBC?
3. The ecosystem has already started "outrageous development."
17 hackathon projects, from privacy AI agents to on-chain dark auctions.
A certain European law firm is directly using TEN to handle encrypted legal contracts (true compliance in action).
Daily active users have surpassed 10,000, but TVL isn’t just hot air (the first in the industry to PUA?).
(Alert.jpg) On-chain data is even weirder:
The top 10 addresses have increased their holdings by 400% in three months.
A certain whale is consistently dumping 50 ETH daily (this operation is reminiscent of early SOL whales).
💡 My conclusion
In this day and age, projects that don’t rely on memes, don’t paint big pictures, and purely rely on enterprise-level technology to penetrate DeFi pain points are really rare… With this data, it’s either the next privacy layer dark horse or institutions are secretly positioning themselves.
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