Secret Network is a Cosmos Layer 1 built for smart contracts that can keep selected inputs, state and outputs confidential. SCRT is the native token used for transaction fees, staking and governance. Privacy is programmable and depends on the network’s hardware and protocol assumptions; it does not make every transaction detail invisible.
| Stat | Value |
|---|---|
| Ticker | SCRT |
| Price | $0.007146 |
| Market Cap | $4.911M |
| 24h Change | +0.6% |
| Circulating Supply | 687.274M SCRT |
| All-Time High | $10.38 |
| Contract (Secret) | secret...fzek |
| Contract (Osmosis) | ibc/09...972A |
How It Works
Secret contracts execute confidential computation using trusted execution environments and encryption. The public chain still records transactions and network activity, while contract data can be protected according to the application’s rules and access controls. This is different from assuming that the entire ledger, sender, timing or every interaction is hidden. The hardware trust model and its security limits matter when evaluating a Secret application.
Tokenomics
SCRT is used to pay network fees, secure the chain through staking and participate in governance. The community’s 2026 Secret^3 continuance proposal kept the existing L1, introduced a one-time dilution mint, set 5% ongoing inflation and set the Foundation tax to zero; a later forum update says the proposal passed and the mint occurred. CoinGecko listed about 687.274 million SCRT circulating and 1.456 billion total, with no maximum supply, in the snapshot checked 2026-10-21. The proposal’s worked example and later tracker totals differ, so precise supply figures should be treated as dated source-specific snapshots. Staking APY is not guaranteed.
Use Cases
Developers can use Secret contracts when an application needs to compute over sensitive data, such as confidential DeFi operations, private access rules or applications that handle personal information. SCRT pays fees and supports staking and governance. A contract can expose some fields and protect others; developers must design access controls and users should verify what a specific application actually keeps private.
History
In 2026, community discussion considered a proposal to move SCRT to Arbitrum. The adopted Secret^3 continuance proposal instead kept the existing Secret L1 and described new stewardship, remediation funding and revised token economics. The chain was not automatically migrated to Arbitrum. This transition also means older entries that describe the former inflation and staking-reward figures need to be checked against current governance and on-chain parameters.
Common Misconceptions
Secret Network is not a promise that every transaction is anonymous or that all metadata disappears from the public chain. Confidential smart contracts rely on trusted hardware and specific protocol assumptions, which differ from zero-knowledge proof systems. The old 15% inflation and 14–18% APY figures are not current guarantees; governance can change economics, and a displayed staking rate is not a fixed return.
Social Media Sentiment
A September 2026 Secret Network forum thread asked for reports on Foundation distributions and the remediation fund. Foundation representatives replied with information about the mint and reported distributions, while a later commenter asked about the timing of remediation payments. The thread shows active scrutiny and responses around transparency, but it is one discussion rather than a representative survey. direct discussion.
Last updated: 2026-10
Related Terms
See Also
- What Are Zero-Knowledge Proofs?
- How Do Crypto Bridges Work?
- What Is Tokenomics?
- Trade through ChangeNOW — Compare rates, network fees and destination details before confirming.
Sources
- Secret Network project overview — describes private smart contracts, encryption and the trusted-execution environment model.
- Secret Network technical overview — explains the Cosmos-based network, programmable privacy and encrypted contract data.
- Secret^3 community-continuance proposal — sets out same-chain continuity, the one-time mint and the proposed inflation and Foundation-tax parameters.
- CoinGecko SCRT market profile — provides the dated price, circulating and total supply, market cap and all-time-high snapshot.