Singularity's Confidential DeFi Update

Update #10 – July 2025

Author

Vivian Do
August 15, 2025

Good morning, good afternoon, and good evening to everyone across the globally distributed DeFi network. We’re glad you’re here.

The crypto markets may never sleep, but at Singularity, we’ve been laser-focused on building. This month, we're excited to share a preview of Darkswap, progress on testnet infrastructure, and exciting new developments that hint at privacy going mainstream.

As a reminder, Singularity’s mission is to enable liquid funds, venture funds, and institutions to have discretion and maintain the confidentiality of their on-chain strategies in a compliant manner.

Product Developments

A Revamped User Experience for Private Notes

We’ve taken another big step toward abstracting away the complexity of managing UTXO-based private notes.

In the latest release, private note handling is now completely backend abstracted—allowing for seamless execution of swaps, staking, and liquidity provisioning without requiring users to manually manage notes. The system works silently in the background to preserve the privacy you expect, with none of the friction.

Darkswap: Institutional-Grade Trading Meets Retail UI

Our long-anticipated Darkswap is entering its next chapter.

Built to marry institutional-grade privacy with a seamless retail-esque UI, Darkswap will bring fully private, zero-knowledge-powered swaps to all market participants. Over the past weeks, we’ve been actively designing Dark Perpetuals (Dark Perps) and engaging directly with institutional users to gather feedback. This collaboration ensures that our perpetual swap design aligns with the needs of professional traders while preserving the same user-friendly interface our retail users love.

Expect:

  • A sleek frontend built for traders

  • Fully private order creation, execution, and settlement

  • Native point system to reward early users

Better get trading soon—mainnet is arriving sooner than later.

Growth

Strategic Partnerships

  • Horizen<>Singularity<>Base: We’re proud to be recognized as Horizen’s flagship DeFi project, leading the way for privacy-preserving trading in their ecosystem. This partnership strengthens our role in bringing institutional-grade privacy to the broader DeFi market.

    👉 Read Horizen’s announcement here.

  • Tenxyz: Working closely with Tenxyz to enable modular, secure developer tooling for privacy-preserving applications built on top of our SDK.

More strategic integrations are in the works and we’re actively collaborating with protocols that care about on-chain discretion.

Retail Metrics

Our focus on growing the retail user base is delivering strong results. Through targeted marketing campaigns, incentive programs, and a streamlined onboarding flow, we’ve made it easier than ever for new users to experience privacy-first DeFi.

Darkswap Testnet Performance to Date:

  • Users: 6,000+ unique wallets connected

  • Deposits: 2,000+ SepETH total testnet deposits

  • Transactions: 60,000 executed trades

  • Trading Volume: 1,500+ SepETH

These numbers continue to grow week over week, reinforcing our belief that private, compliant DeFi is ready for widespread adoption.

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

Thanks for reading our July update!

See you next month!

🟢 The Singularity team