Privacy narrative is heating up fast, yet one of the earliest FHE-powered protocols, @fhenix, is still massively under the radar. Raised $22M from HackVC, Multicoin Capital & Collider Ventures. @fhenix is building privacy-first infrastructure for EVM chains using Fully Homomorphic Encryption (FHE), similar to @zama, but with its own growing ecosystem already live on testnet. Instead of exposing user data onchain, Fhenix enables computation directly on encrypted data through its FHE Coprocessor, an off-chain computation layer powering confidential smart contracts, private transactions, encrypted DeFi & more. Fhenix is collaborating with @arbitrum to bring scalable private computation into the Ethereum ecosystem through Arbitrum’s L2 stack. Testnet is already live, and this is one of those ecosystems worth positioning in early before CT catches up. Some protocols/apps already building on Fhenix 👇 1⃣ Redact: Encrypt & decrypt assets across Base, Arbitrum & Sepolia https://t.co/03h0gsyCyJ 2⃣ Shielded Stablecoin: Private stable transfers with advanced confidential features https://t.co/1kTxiSrblD 3⃣ Fhenix Pay: Confidential payment mobile app https://t.co/41hPeU3fv9 4⃣ Private Auction: Submit sealed bids fully onchain https://t.co/DmhPA5UCAg 5⃣ Felend: Fully encrypted lending & borrowing https://t.co/L20E8xRd4e 6⃣ Silhouette: Confidential Perp DEX https://t.co/iXovP5igNy 7⃣ Privacy-focused Delegation https://t.co/mCcJT1PNrD 8⃣ Private Stable Coins https://t.co/I2CzAjcci7 9⃣ Confidential Gaming Experiments https://t.co/ZeM7JvMeLa https://t.co/yz1N84RqMy