ethereum:0xa12cc123ba206d4031d1c7f6223d1c2ec249f4f3 made a new ATH
In my opinion
@zama is slowly becoming clear leader here in the confidential finance/FHE as the privacy layer for institutions, RWA and AI as it has distribution running through multiple channels:
(1) direct integration with DeFi protocols (Morpho vaults)
(2) institutional RWA platforms (T-REX Ledger)
(3) developer adoption via TFHE-rs library and fhEVM tooling
Another major reason for this run is that it has a moat which compounds๐
More chains โ more developers using TFHE-rs โ more apps โ more confidential volume โ more fees โ stronger case for fee switch โ more ethereum:0xa12cc123ba206d4031d1c7f6223d1c2ec249f4f3 demand