Singularity 2025 Recap: From Privacy to Execution

Good morning, good afternoon, and good evening to our global community — we’re glad you’re here.

From the Singularity team, we wish you a warm start to 2026, and a year filled with steady progress, meaningful wins, and new opportunities ahead.

As the new year begins, we’d like to reflect on what 2025 represented for Singularity. It was a year centered on execution and validation — marking our transition from building privacy infrastructure to enabling real, confidential on-chain trading in live market conditions.

Following the establishment of the Singularity Privacy Layer in 2024, 2025 was intentionally focused on a single objective: bringing Darkswap, our on-chain institutional darkpool, from concept to live execution. This meant supporting real users, real order flow, and delivering production-grade guarantees for confidential trading.

Thank you for being a subscriber and for your continued support throughout the year.

Why Darkswap Exists

Public DeFi venues expose every order in the mempool — asset, size, timing, and intent — creating a structural advantage for MEV bots and front-runners. This results in slippage, signal leakage, and degraded execution quality, making public venues unsuitable for large or sophisticated trades.

Darkswap was built to address this at the protocol level.

Darkswap is an on-chain institutional darkpool that eliminates MEV, front-running, and trade leakage.
Every order — including asset, size, price, and counterparty — is encrypted and hidden from mempools and explorers, allowing traders to execute confidentially without sacrificing on-chain settlement or verifiability.

Darkswap is built on top of the Singularity Privacy Layer, which provides zero-knowledge settlement, cryptographic integrity, and optional compliance primitives.

2025: From Infrastructure to Execution

Throughout 2025, Singularity concentrated its resources on validating whether confidential, MEV-resistant execution could function in live, adversarial DeFi conditions.

Darkswap Milestones

• Testnet Validation:
  Across 11 incentivized testnet epochs (March–September 2025), Darkswap processed over 150,000 transactions from 15,000+ unique users, demonstrating sustained demand for encrypted orderbooks and protected execution.

• Execution-Ready Capabilities:
  Delivered maker APIs for programmatic and bulk order flow and on-device Noir proof generation. Same-wallet flows remain fully permissionless, with no KYC required.

• Beta Mainnet Launch:
  In mid-December 2025, Darkswap launched on Base Beta Mainnet, marking Singularity’s most important milestone of the year. This represented the transition from experimentation to real-world confidential trading.

Full mainnet rollout is targeted for early 2026.

The Role of the Singularity Privacy Layer in 2025

While Darkswap was the focus, the Singularity Privacy Layer continued to evolve — not as a parallel product, but as the execution backbone that Darkswap depends on.

Upgrades in 2025 were execution-driven:

• Improved throughput and proof efficiency

• Increased relayer reliability and fault tolerance

• Expanded multi-chain support across Ethereum, Base, Arbitrum, and Horizen

• Deeper DeFi integrations, including Uniswap V3 and Curve, enabling private LPing, OTC settlement, and swaps

These improvements ensured that Darkswap could operate securely, efficiently, and at scale under real market conditions.

Security & Operational Resilience

Security remained non-negotiable throughout the year.

• Throughout 2025, Singularity focused on continuous protocol hardening alongside independent third-party security reviews. All known findings were addressed prior to the Darkswap Beta Mainnet launch.

• The system design emphasizes minimizing trust assumptions through on-device proof generation and local note backups.

• Independent third-party audits are ongoing as part of the path toward full mainnet readiness.

No major security incidents were reported across testnet or beta environments.

Ecosystem Partnerships and Integrations

Throughout 2025, Singularity collaborated with ecosystem partners to ensure Darkswap could operate in real-world conditions — with execution strategies, liquidity access, and integrations aligned with institutional trading workflows.

Partnerships across the stack supported this effort. Ten contributed to private execution and MEV-resistant infrastructure research. Quantlytica supported execution analysis and strategy validation, while Toros informed structured product and portfolio-level use cases. Sablier enabled time-based and streaming payment primitives for operational and treasury workflows.

Horizen was a key strategic partner throughout the year. Darkswap was deployed as a flagship application on Horizen’s privacy-focused L3 appchain testnet on Base, providing a live environment to validate encrypted order flow, MEV resistance, and compliance-aware confidential execution. With Horizen launching mainnet on Base in December 2025, the partnership is now moving into its next phase with deeper integrations underway.

Together, these partnerships validated confidential execution across diverse environments and reinforced Singularity’s position as a foundational privacy layer for on-chain institutional trading.

Looking Ahead

2025 marked a major milestone for Darkswap — moving from concept to a live beta in real market conditions. In 2026, our focus expands toward scale, depth, and continued evolution across the Singularity ecosystem.

Key priorities include:

• Completing Darkswap’s full mainnet rollout

• Scaling darkpool liquidity and improving execution quality

• Expanding decentralized and peer-to-peer matching mechanisms

• Integrating additional chains, including full Horizen mainnet support

Beyond these efforts, Singularity will continue advancing its Privacy Layer, exploring new confidential DeFi and institutional workflows, and forming strategic partnerships that extend privacy-preserving execution across on-chain finance.

Our mission remains unchanged: to enable liquid funds, venture funds, and institutions to maintain discretion and confidentiality over their on-chain strategies in a compliant manner — and to make confidential execution a standard primitive of on-chain finance.

Thank you for being part of Singularity’s journey in 2025. We’re excited to continue building in 2026.

Integrations, partners, investors, and users are all welcome to connect with the team.

Thank you for reading our 2025 recap. We’re excited to build the next chapter together in 2026! 🎇

🟢 The Singularity team