Chainfeeds Summary:
The surge in the privacy sector is no longer just a passing fad, but an inevitable result of industry evolution.
Article source:
https://x.com/tmel0211/status/2007050890776347122
Article Author:
Haotian
Opinion:
Haotian: Let me start with the core driving logic. The privacy sector has evolved from being squeezed and constrained by regulatory crackdowns to being driven by compliance needs. For the past decade, blockchain privacy has been a false proposition because the wrong technological path was chosen. Most projects pursued privacy for privacy's sake, engaging in indiscriminate anonymity while ignoring compliance boundaries and commercial feasibility, thus suffering continuous regulatory suppression. The continuous sanctions against @TornadoCash are a typical example. However, the situation will be different in 2025-2026. ZEC's strong performance in the secondary market is the most obvious signal. As a long-established privacy leader, @Zcash has verified through ten years and Navarre's shill that privacy is not a false need, but simply a matter of timing. This is because the core technological path has changed. This generation of privacy projects are all working on "programmable compliance," protecting user privacy while leaving backdoors for regulators. This perfectly caters to the underlying architecture needs of the institution-led Crypto era, such as RWA's asset tokenization and transaction agentization. Therefore, the explosion of the privacy sector is no longer just hype, but an inevitable result of industry evolution. Following this line of thought, let's look at the strategic positioning of the following three projects: 1) @zama (FHE): This represents a revolution in the most fundamental infrastructure of privacy technology. Zama doesn't create a new chain, but rather builds a Privacy Layer for all EVM chains, much like "HTTPS for blockchains." Through fhEVM, Zama enables mainstream chains like Ethereum, Base, and Solana to gain privacy computing capabilities, enabling large-scale commercial applications. Once it secures this role, it will become the "shovel seller" for the entire Crypto industry. 2) @anoma (Intent-centric): This is positioned as a Web3 intent operating system, aiming to reconstruct the transaction paradigm. Traditional DeFi users' transactions typically run naked in Mempool, exposing their intents entirely to the MEV bot. Anoma focuses on enabling counterparties to discover privacy issues. Users publish encrypted intentions, and the Solver facilitates transactions without decryption (combined with FHE or TEE); 3) @boundless_xyz (zkVM), which is the infrastructure for the commercialization of ZK computing power, solving the problem of "universal privacy proofs." Its role in the privacy field has been severely underestimated. Boundless, incubated by @RiscZero, programs ZK proofs into tradable computing power commodities, modularly embedding them into any scenario requiring ZK verification.
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