What is Status (SNT)?

Deep Dive

1. Privacy-Focused Super-App

Status began as a mobile interface and light client for the Ethereum network, allowing users to access decentralized applications (DApps) and send encrypted messages. Its core has evolved into a unified application for mobile and desktop that combines a secure, multi-chain cryptocurrency wallet with built-in swaps, end-to-end encrypted messaging, censorship-resistant community spaces, and a privacy-preserving web browser (CoinGape).

2. The Status Network: A Gasless Layer 2

A major evolution is the Status Network, launched on testnet in July 2025. Built on Consensys's zkEVM Linea stack, it is designed as the world's first natively gasless Ethereum Layer 2 (Status Network). Instead of users paying transaction fees, the network is funded by the yield generated from bridged, yield-bearing assets (like stETH). This model aims to enable truly frictionless onboarding for games, social apps, and DeFi.

3. Tokenomics & Governance

The Status Network Token (SNT) is the project's native utility and governance token. It fuels the ecosystem, and staking SNT is central to its governance model. By staking SNT, users earn Karma, a reputation-based token that grants voting power on protocol decisions and priority access to gas-free transactions on the Status Network (Status).

Conclusion

Status is fundamentally a cypherpunk project evolving from a simple Ethereum browser into a comprehensive, privacy-centric platform anchored by its innovative, community-funded Layer 2. Will its gasless model successfully lower the barrier to entry for mainstream Web3 adoption?