Buy & Swap Secret (SCRT)

Smart contracts that keep secrets

Secret Network's homepage makes its founding claim plainly: it is the first mainnet blockchain with privacy-preserving smart contracts, launched in 2020. The goal, in its own words, is to make it possible to build apps that are decentralised and permissionless — yet private.

The site describes these as privacy-preserving smart contracts with end-to-end encryption. In practice that means the data a contract works on can stay encrypted, rather than being published for every node and observer to read.

That changes what a blockchain app can reasonably handle. The site invites developers to deploy secure, private smart contracts that protect user data and build trust in decentralised applications.^{[1], [2], [3]}

A confidential layer for other chains

Secret no longer asks developers to move everything onto its own chain. The homepage calls it the confidential computing hub of Web3 and AI: build apps on your preferred networks and use Secret's confidential computing layer to secure sensitive data with secret smart contracts.

It spells the idea out directly: you can host the bulk of your application on your preferred blockchain, while using Secret to handle any confidential data. Privacy becomes a service another app can call, rather than a reason to rebuild from scratch.

Tokens can come along too. With Secret Bridges and the SNIP-20 token standard, the site says, holders can bridge assets over and make any token privacy-preserving — so balances and transfers are no longer visible to everyone.^{[4], [5], [6]}

Private AI

Secret's newest focus is artificial intelligence. The homepage headline invites developers to build secure AI on privacy-first infrastructure, and introduces Secret AI, which it calls a brand-new AI infrastructure layer.

Secret AI is designed to run large-scale GPU work for LLM models inside a trusted execution environment — a sealed area of hardware where the data being processed can't be read by the machine's operator. For anyone sending private prompts or documents to an AI model, that is the core promise.

Recent announcements on the site point the same way, including integrating Intel Trust Authority into every SecretVM so that verification happens by default.^{[7], [8], [9]}

Where SCRT fits

SCRT is the token that secures and steers the network. The homepage invites holders to stake their SCRT tokens, vote on network proposals, and help drive the future of privacy.

Staking ties the token to the network's security, while voting gives holders a say in how the protocol evolves. Developers have their own route in: a Builder's Program offering support, resources and opportunities to contribute to the ecosystem and earn rewards.

The picture is of a token that sits at the centre of a privacy network — securing it, governing it, and rewarding the people who build on it.^{[10], [11]}

Supply and usage figures

The homepage does not state SCRT's total supply, current staking rate or how many apps use Secret's confidential layer. Those figures are UNKNOWN from the source used here.^[10]