the bridge recorded the highest inflow of OCT to octra network this week
for the first time ever, the weekly bridged-in supply (4,953,533.549 OCT) exceeded the bridged-out supply (792,725.68)
most of the bridged-in supply was then encrypted
data from https://t.co/2J26xQYKqh 💙
In this edition of Fully Diluted, @AvgJoesCrypto sits down with the co-founder of @octra, @octralex.
Octra is an FHE-based L1 that computes on encrypted data without any decryption.
They discuss private DeFi, encrypted AI, the launch of a zero-min Uniswap auction, and more.
Watch the full episode here 👇
Most privacy projects focus on hiding transactions.
@octra is pursuing a broader goal: programmable private state.
Using FHE, the network is designed to process and update encrypted data without revealing the underlying information, potentially extending privacy to applications, AI, identity, payments, and financial markets.
Update: @octralabs will be deploying wrapped OCT and the native bridge on HyperEVM in preparation for listing on Hyperliquid spot markets. We aim to finalize the process this week. Perps will probably take longer and depend on spot volumes, Nova and the Hyperliquid community.
Two components, one @octra thesis:
> Bridge brings assets from Ethereum into encrypted state
> Circles gives devs a private substrate to build apps inside that same environment
Together, privacy is persistent infrastructure, not an anonymity pool:
https://t.co/T3MRbxK14T
Gm.
For transparency reasons: Zana has been accumulating a significant $OCT position over the past week.
There are several reasons behind the decision, and we’ll be sharing more of our thinking in the coming weeks as we continue our research and due diligence.
Special thanks to @optimist for providing some incredibly valuable insights along the way.
More to come, from both of us…