Added some $ARX over the past few weeks. Quick rundown on why: Privacy is a $ZEC-led narrative rn and $ARX hasn't rly caught that bid yet. Makes sense tho as C-SPL (Arcium's confidential token standard on Solana) isn't live on mainnet yet. Umbra is cool and runs on Arcium, but it's an app with its own SDK, not the native standard. Arcium's MPC network itself has been live since Feb with 2.5M+ encrypted computations. Once C-SPL hits, Arcium is the brand behind a generalisable, Solana-native private money system any SPL token and any program can plug into. More composable and accessible than a shielded pool. The bigger angle imho is private AI tho. @AskVenice ($VVV) owns that narrative rn at a $1.1B mcap, running E2EE inference in TEEs, so you trust the chip. Arcium's MPC swaps that for a non-collusion assumption, arguably the stronger trust model for this exact use case. And the product already has a name: Blackthorn, encrypted inference on standard Nvidia GPUs, announced in June, early access, nothing public yet. Infra in place tho, and the team is in place too (they acquired Inpher's MPC-for-ML team in 2024). Would almost be surprised if this doesn't ship straight into the narrative $VVV is being valued on soon. Valuation-wise $ARX sits at $33M mcap / $159M FDV. 33x below Venice on mcap, a rounding error vs $ZEC, and still 66% off its June TGE high. No token unlocks until June 2027 either. The current main questions are the timeline and value capture. C-SPL already been delayed for some time, and fees are paid in SOL iirc, not ARX. But at this base, with both narratives already validated by bigger names, I like the short to mid term setup here. But NFA, DYOR anon.