Deep Dive
1. Shutter Mainnet Scaling (Q3 2025)
Overview:
Shutter’s threshold encryption, live on Gnosis Chain since May 2025, aims to neutralize MEV attacks by encrypting transactions until block finalization. The team plans to scale throughput by optimizing batch decryption processes (Cointelegraph).
What this means:
This is bullish for GNO as improved security could attract more DeFi projects to Gnosis Chain, increasing transaction fees (partially used to buy/burn GNO). However, reliance on a permissioned committee for decryption introduces centralization risks.
2. Gnosis Pay Expansion (Q1 2026)
Overview:
The Visa-partnered crypto debit card, currently operational in Europe, will add USDC support and expand to 10 new markets. Plans include Apple/Google Pay integration and cashback rewards (Forum Post).
What this means:
Bullish for adoption – Gnosis Pay processed €2.9M+ volume in H1 2025. Geographic expansion could drive GNO utility via transaction fees. Bearish angle: regulatory hurdles in new jurisdictions may delay rollout.
3. Gnosis App Launch (Q4 2025)
Overview:
Dubbed an “onchain neobank,” the app combines Gnosis Pay, Safe multisig, and Circles UBI into a single interface. Features include gasless transactions, smart recovery, and 5% cashback (Tweet).
What this means:
Neutral-to-bullish – Success hinges on onboarding non-crypto users. If executed well, it could position GNO as a gateway token for everyday finance. Competing with established neobanks like Revolut poses challenges.
4. Circles v2 Protocol (Q1 2026)
Overview:
The decentralized UBI system’s upgrade simplifies account recovery and enables collateralized “Groups” for organizations. Integrated with Metri wallet for frictionless onboarding (H1 2024 Review).
What this means:
Bullish for utility – Circles’ success could create new demand for GNO as a governance and fee token. However, adoption of decentralized UBI remains unproven at scale.
Conclusion
Gnosis is pivoting from infrastructure to consumer-facing products, with 2026 focused on making crypto accessible through payment cards, banking apps, and MEV-resistant chains. The integration of GNO across these products aims to cement its role as both a governance and utility token.
Will Gnosis’ bet on everyday usability outpace regulatory and adoption challenges?