Singularity's Confidential DeFi Update

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 key updates: a streamlined user experience with private notes, the launch of DarkSwap on Horizen testnet, and continued progress in our partnership with Horizen.

As always, 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

Streamlining the Core — and Moving Toward Compliance-Ready Reporting

Over the past few releases, we shipped a major UX improvement by making UTXO-based private notes invisible to the user — transfers, OTC swaps, and other flows now happen seamlessly behind the scenes. This isn’t a one-off change; it’s an ongoing effort to make private DeFi as smooth as using a public DEX.

Building on that foundation, our next milestone is an enhanced compliance reporting suite. Institutions will be able to generate selective-disclosure proofs without revealing full trading strategies, balancing privacy with regulatory readiness.

DarkSwap Debuts on Horizen Appchain Testnet

We’re thrilled to announce that DarkSwap, the first application built on Horizen’s L3 privacy stack, is now live on Horizen testnet.

DarkSwap empowers traders to execute orders without exposure to MEV bots, sandwich attacks, or front-running. All on-chain footprints — including assets traded, price, and volume — remain fully hidden from mempools and explorers.

Growth

Strategic Partnerships

Partnership with Horizen: Privacy, Compliance & Beyond

Together with Horizen, we’re laying the foundation for a new era of DeFi. As Horizen’s flagship DeFi application, DarkSwap proves that privacy and compliance are not in conflict — they can reinforce one another.

The launch of the appchain testnet with DarkSwap marks the first step toward a modular, private, and composable DeFi ecosystem. These milestones pave the way for the Horizen appchain mainnet on Base by late 2025, with DarkSwap leading the charge in defining what private, fair, and institution-ready DeFi can be.

👉 Read Horizen’s announcement here.

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

Check out what’s happening on Discord now!

Retail Metrics

Darkswap Testnet Performance to Date:

• 👥 Users: 7,000+ unique wallets connected

• 💰 Deposits: 2,300+ SepETH total testnet deposits

• ⚡ Transactions: 75,000 executed trades

• 📊 Trading Volume: 1,600+ 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 August update!

See you next month!

🟢 The Singularity team