FHE (Mind Network) increased by 58.74% in the past 24 hours, currently trading at $0.13

Gate News Bot message, December 16th, according to CoinMarketCap data, at press time, FHE (Mind Network) is priced at $0.13, up 58.74% in the past 24 hours, reaching a high of $0.14 and a low of $0.03, with a 24-hour trading volume of $116 million. The current market capitalization is approximately $44.3 million, an increase of $1.64 million from yesterday.

Mind Network is a pioneer in Fully Homomorphic Encryption (FHE) technology, dedicated to building a fully encrypted network infrastructure for Web3. Its core innovations include MindChain — the first FHE chain for AI agents, AgenticWorld — an AI agent platform supporting FHE consensus, and FHE Bridge — a cryptographic solution enabling cross-chain interoperability. Through HTTPZ (Zero Trust Internet Transmission Protocol) technology upgrades, Mind Network has achieved end-to-end encrypted communication.

In terms of core technology, FHE is hailed as the “Holy Grail” of cryptography, built on lattice cryptography, and has been recognized by the National Institute of Standards and Technology (NIST) in the US as a leading post-quantum encryption standard in 2024. Mind Network’s FHE applications include encrypted computation, encrypted validation, and encrypted consensus, ensuring data privacy and security during use.

The product ecosystem has integrated with over 20 partners including DeepSeek, Google, Chainlink, with a total funding of $12.5 million, and has received recognition from mainstream CEX incubation programs, Ethereum Foundation grants, and more. Over 39 million tokens are staked within the FHE ecosystem.

Analysis of FHE Market Drivers

Recent important news about FHE:

1️⃣ Strengthening Application Deployment in Solana AI-Agent Ecosystem
Mind Network officially launched its strategic deployment for the Solana AI-Agent ecosystem, transferring 1% of the total Pippin tokens into a public wallet as a long-term community incentive reserve. Additionally, they launched the “Unicorn Reserve” incentive plan, where users can lock FHE to receive Pippin airdrops. This move indicates the project is actively expanding privacy computing applications in the AI Agent field, using cross-ecosystem incentive mechanisms to enhance user engagement, and promoting the integration of “Privacy Computing + AI Agent,” providing tangible ecological support and business model validation for FHE technology.

2️⃣ Building Multi-Chain Privacy Infrastructure to Expand Technical Coverage
Mind Network is constructing multi-chain privacy infrastructure covering ETH, BSC, and Solana, and will gradually introduce隐身地址 (Stealth Address) and Agent-to-Agent (A2A) privacy execution features. This multi-chain layout reflects the project’s deep exploration of cross-chain applications of Fully Homomorphic Encryption, allowing FHE’s privacy protection capabilities to cover a broader blockchain ecosystem, helping to expand the application scope of FHE technology and further strengthen market recognition of its future potential and market size.

3️⃣ Accelerating AI Privacy Computing Applications
DeepSeek has integrated Mind Network’s FHE Rust SDK for encrypted AI consensus, marking that FHE technology’s practical application in AI has moved from theory to implementation. Fully Homomorphic Encryption enables data computation and processing while protecting privacy, and the value of this feature in AI large models and intelligent decision-making is gradually being validated, providing substantial support for the discovery of FHE’s value.

4️⃣ Repositioning the Core Value of Privacy Challenges
Fully Homomorphic Encryption has been established as the “Holy Grail” of privacy, capable of ensuring full data encryption while enabling computation and collaboration, thereby solving the “Transparency Paradox” of public blockchains — that is, complete transparency exposes AI’s business intents and strategies. This value positioning reveals FHE’s unique role in solving key pain points in the global financial on-chain process, especially in protecting AI trade secrets and user privacy, elevating its strategic importance and long-term competitiveness in the market, leading to deeper investor recognition of FHE’s potential.

From recent trends, FHE has maintained a continuous upward momentum since December 8th, when it started a strong rally. The 47.23% increase on December 9th, 31.38% on December 11th, 100.98% on December 15th, and today’s 58.74% increase have compounded its gains multiple times. Behind this sustained surge, besides market recognition of FHE’s long-term prospects, are tangible progress in ecological expansion and application deployment, which are continuously signaling positivity to the market. The market cap has grown from $18 million on December 9th to approximately $44.3 million now, and trading volume has expanded from around $45 million to $116 million, indicating a significant increase in market participation. However, the rapid rise also warrants attention to profit-taking pressure in the short term, and investors should closely monitor support levels at high prices.

This news is not investment advice, and market volatility risks should be carefully considered.