Insights

$FHE is the token associated with Fhenix, a Fully Homomorphic Encryption ($FHE based Layer 2 solution built on Ethereum. Fhenix utilizes the latest encryption technology to enable operations on encrypted data without decryption, making it possible to execute confidential smart contracts with end-to-end encryption for Web3 applications. *Key Features:* - *Encryption Technology*: Fhenix uses $FHE to allow encrypted data processing without decryption. - *Confidential Smart Contracts*: Enables secure and private smart contract execution. - *Layer 2 Solution*: Built on Ethereum to enhance scalability and security. - *Web3 Applications*: Offers end-to-end encryption for various Web3 use cases.¹ ² *Token Information:* - *Circulating Supply*: 400 million $FHE tokens. - *Total Supply*: 2 billion $FHE tokens (max). - *Market Capitalization*: $2.57-$2.62 trillion (varies across sources). - *24-hour Trading Volume*: $95.96-$100.15 billion.³ ⁴ *Market Performance:* - *Price*: The current price of $FHE varies slightly across sources, but it's around the same range. - *Market Dominance*: Bitcoin dominates the market with 52.3-53.3% share, while Ethereum holds 16.2-16.3% share.⁵ ⁶ Fhenix aims to provide a secure and private solution for Web3 applications, leveraging $FHE technology to revolutionize data processing and smart contract execution.