BinAnPC

Secret Network, the privacy-focused Layer 1 blockchain, has raised $11.5 million in a funding round led by Arrington Capital and Blocktower Capital. This investment highlights growing interest in privacy-preserving technologies as Secret Network expands its DeFi and NFT ecosystems. With over $100M in Ethereum assets already deployed and daily gas usage surging 3,000% since January, we analyze why institutional investors are betting big on this 'privacy by default' protocol - including its groundbreaking Secret NFTs that offer private ownership and metadata features.