Encrypt V2 Launch Enables Private Cross-Chain Bridging

Background and Context

Privacy has remained a major weakness in decentralized finance, particularly in cross-chain bridging. While blockchains offer transparency, this transparency allows anyone to trace wallet activity, identify trading patterns, and analyze asset movements. Consequently, users often face surveillance risks when transferring funds between chains.

Encifher developed this solution to address these weaknesses. The Encrypt V2 launch introduces fully homomorphic encryption, which allows encrypted data to remain private even during transaction processing. Furthermore, the protocol integrates with Jupiter Exchange on Solana, allowing users to perform encrypted swaps while benefiting from Solana’s high-speed infrastructure.

Previously, Encifher tested the system through a private beta phase. The team allowed selective access to validate encrypted swaps and private transfers in real-world conditions. During this phase, Encrypt gained strong community support and secured third place in the DeFi Track at the Colosseum competition. Users highlighted its fast execution speeds, clean interface, and effective privacy protection.

As a result, the successful beta phase helped establish credibility and prepare Encrypt V2 for full deployment.

Key Features of Encrypt V2

The Encrypt V2 launch introduces several technical improvements that enhance privacy and usability.First, fully homomorphic encryption allows the protocol to process transactions while keeping balances, routes, and transaction intents encrypted. This prevents blockchain observers from linking user activity across chains.

Second, the protocol uses encrypted asset wrapping. This converts assets into encrypted tokens backed 1:1 by the original assets. Consequently, this prevents transaction linkability while preserving full value.

Additionally, the protocol offers gas refueling for destination chains for a fixed fee of approximately $2. Encrypt V2 also delivers better swap rates, often providing 1 to 2 percent more tokens than competing platforms. 

Future Implications 

Encrypt V2 could play an important role in shaping the future of decentralized finance. Privacy remains a key barrier to broader adoption, especially among institutional users who require confidentiality for treasury management and trading strategies.

Furthermore, Encrypt’s integration with NEAR Intents and Jupiter Exchange strengthens its infrastructure and liquidity access. The protocol’s beta success, including over $14 million in processed volume, suggests strong early demand.

Looking ahead, Encifher plans to expand support to additional chains and assets. Ultimately, Encrypt V2 represents a shift toward privacy becoming a core component of decentralized finance infrastructure rather than an optional feature.