Fhenix is a pioneering Layer 2 blockchain that introduces Fully Homomorphic Encryption (FHE) to enable on-chain privacy. Unlike traditional privacy solutions, FHE allows computations to be performed directly on encrypted data without ever decrypting it, meaning sensitive information remains confidential while still being processed on-chain.
The platform has raised $22 million across multiple funding rounds, with a $15 million Series A led by Hack VC and a $7 million seed round from Multicoin Capital and Collider Ventures. Strategic investment from Offchain Labs (Arbitrum developers) signals deep technical partnership for integrating FHE into the broader Ethereum ecosystem.
Fhenix offers Solidity libraries for encrypted variables and a dedicated FHE Coprocessor (CoFHE) that processes encrypted data off-chain while maintaining seamless developer experience. Use cases span confidential DeFi, private voting, encrypted gaming, and MEV protection through encrypted mempool transactions.
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