Singularity's Confidential DeFi Update

Update #14 – November 2025

Author

Vivian Do
December 01, 2025

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

At Singularity, our mission remains clear: to enable liquid funds, venture funds, and institutions to have discretion and maintain the confidentiality of their on-chain strategies in a compliant manner.

This month, we intensified our efforts on preparing DarkSwap for its mid-December 2025 mainnet, successfully wrapped up the final Horizen testnet campaign, and launched our ongoing testnet campaigns on both Horizen and Sepolia. Alongside these, we joined three AMAs exploring privacy and compliant DeFi, engaging the community and sharing insights into confidential on-chain trading.

Product Developments

DarkSwap – Closer Than Ever to Mainnet

DarkSwap is entering its final stretch before mainnet in mid-December 2025.

Built on Singularity’s modular privacy layer, DarkSwap is being designed as a confidential execution venue where:

  • Swaps, transfers, and orders for ETH, ERC-20, ERC-721 remain private

  • An encrypted matching engine removes MEV, front-running, and signal leakage

  • EVM chains can plug into the same privacy layer for cross-chain execution

In short: DarkSwap is being prepared as the place where funds and institutions can trade on-chain without broadcasting their strategies.

Ongoing Testnet Campaign

In parallel, we are running our final testnet campaign across both Horizen and Sepolia, attracting strong user engagement. Join the campaign and experience DarkSwap in action before mainnet!

Growth

Strategic Partnerships

Horizen x Singularity – 14-Day Trade War Results

Our 14-day Trade War campaign on Horizen’s L3 privacy stack has officially concluded, closing out a key phase of DarkSwap testnet activity.

Overall results

  • 👛 1,340 total wallets participated

  • 🔁 33,597 total transactions

  • 💧 199.61 sepETH total volume over two weeks

Activity highlights

  • 📈 Nov 13 was the peak day: 10,198 transactions from 899 active wallets

  • 🔄 Strong mid-campaign momentum on Nov 11–12

  • ⚡ Early excitement on Nov 5 with 2,177 transactions kicking off the campaign

Key takeaways

  • Users gravitated toward high-frequency, low-volume trades → clear room to design future volume-focused challenges

  • The Discord CTA flow worked very well for education and re-engagement, confirming Discord as our primary retention hub

  • Sending SepETH → Horizen Testnet ETH directly to user wallets effectively removed the bridging bottleneck and reduced drop-off

These insights will help shape both incentive design and UX for future testnets and the early mainnet phase.

Marketing & Thought Leadership

Three AMAs on Privacy, Modularity, and Compliance

This month, we joined three AMAs to deepen the conversation around private and compliant DeFi:

  1. Horizen x Singularity – “Strengthening Privacy and Modularity”

  2. NOWchain – “Why Privacy Is Becoming Essential in Web3”

  3. ZKMe – “Compliant Confidentiality on Public DeFi Rails”

Replays and recaps are available on X:

In parallel, we continue to:

  • Run a LinkedIn ABM initiative targeted at funds, venture firms, trading desks, and DAO treasuries

  • Publish educational content and founder perspectives on confidential execution and compliant privacy

👉 Stay tuned for announcements and follow our updates on LinkedIn and X.

Retail Metrics

Darkswap Testnet Performance to Date:

  • 👥 Users: 9,000+ unique wallets connected

  • 💰 Deposits: 3,500+ SepETH total testnet deposits

  • ⚡ Transactions: 190,000 executed trades

  • 📊 Trading Volume: 2,500+ 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 November update!

See you next month!

🟢 The Singularity team