SCRT

SecretSCRT

Rank #117
Coin
On 122,937 watchlists

Secret Price (SCRT)

$1.88
5.09%

0.00006318 BTC3.37%

0.000929 ETH2.16%

Low:$1.87
High:$2.07
24h
SCRT  Secret SCRT
Price:
$1.88
 5.09%
Market Cap
$306,880,882
5.09%
Market Cap / TVL Ratio
12.44
Fully Diluted Market Cap
$357,376,664
5.09%
Total Value Locked (TVL)
$24,678,405
Volume
24h
$11,995,719
40.96%
Volume / Market Cap
0.03909
Circulating Supply
163,295,557.00 SCRT
Max Supply
--
Total Supply
190,165,060
Sponsored

Secret to USD Chart

Loading Data

Please wait, we are loading chart data

Converter

SCRT

Secret

USD

United States Dollar

SCRT Price Statistics

Secret Price Today
Secret Price$1.88
Price Change24h-$0.1008
5.09%
24h Low / 24h High
$1.87 /
$2.07
Trading Volume24h$11,995,718.60
40.96%
Volume / Market Cap0.03909
Market Dominance0.02%
Market Rank#117
Total Value Locked (TVL)$24,678,405
Secret Market Cap
Market Cap$306,880,882.43
5.09%
Fully Diluted Market Cap$357,376,664.09
5.09%
Secret Price Yesterday
Yesterday's Low / High
$1.90 /
$2.07
Yesterday's Open / Close
$1.91 /
$2.07
Yesterday's Change

8.63%

Yesterday's Volume$8,918,073.17
Secret Price History
7d Low / 7d High
$1.71 /
$2.97
30d Low / 30d High
$1.74 /
$5.21
90d Low / 90d High
$1.74 /
$6.87
52 Week Low / 52 Week High
$0.7674 /
$10.64
All Time High
Oct 28, 2021 (7 months ago)
$10.64
82.35%
All Time Low
Nov 03, 2020 (2 years ago)
$0.2554
635.78%
Secret ROI

190.64%

Secret Supply
Circulating Supply163,295,557 SCRT
Total Supply190,165,060 SCRT
Max SupplyNo Data

SCRT to USD Converter

SCRT

Secret

USD

United States Dollar

SCRT Price Live Data

The live Secret price today is $1.88 USD with a 24-hour trading volume of $11,995,719 USD. We update our SCRT to USD price in real-time. Secret is down 5.09% in the last 24 hours. The current CoinMarketCap ranking is #117, with a live market cap of $306,880,882 USD. It has a circulating supply of 163,295,557 SCRT coins and the max. supply is not available.

If you would like to know where to buy Secret at the current rate, the top cryptocurrency exchanges for trading in Secret stock are currently Binance, Bybit, MEXC, DigiFinex, and Huobi Global. You can find others listed on our crypto exchanges page.

What Is Secret (SCRT)?

Secret (SCRT) is a privacy-oriented blockchain built on Cosmos. Its smart contracts are called Secret Contracts and allow DApps to use private data on Secret, similar to how smart contracts operate on other blockchains. However, Secret Contracts transfer encrypted inputs into encrypted outputs without exposing data. This is made possible thanks to the encrypted contract states during the execution.

Data privacy is guaranteed by combining encryption protocols and key management within a Trusted Execution Environment (TEE). This allows Secret Contracts to compete for several privacy-related use cases that traditional blockchains have found difficult to accommodate. For instance, private voting mechanisms or credit scoring applications become possible since they do not expose sensitive user data on-chain with Secret.

Who Are the Founders of Secret?

Secret was founded by the Secret Foundation, an organization dedicated to the adoption of decentralized technologies with a focus on privacy. The Foundation’s mission is to “advance privacy as a human right and public good; to empower individuals through development and use of decentralized technologies; to protect freedom and create more valuable systems by eliminating data monopolies; and to build a sustainable network, foundation, and community that will work to instill these core values around the world.”

The Secret Foundation was founded in 2017 by Tor Bair, a Chicago-based entrepreneur and MIT alumni that has been advising several other Fintech companies. Guy Zyskind, the Foundation’s director, has previously worked at MIT Media Lab and has gathered over 1,400 academic citations. Zaki Manian, the second director, was the principal co-founder of Iqlusion and is the former director of Tendermint Labs.

The Foundation announced a $400 million ecosystem fund in February 2022 with the participation of several heavyweight crypto funds like DeFiance Capital, Alameda Research, CoinFund, and HashKey.

What Makes Secret Unique?

The Secret Network stands out with its focus on privacy and end-to-end encryption of data, something that blockchains like Ethereum don’t offer. Developers are able to build solutions that protect data privacy without compromising usability, contributing to the network’s goal of advancing the adoption of privacy-first, decentralized applications.

In contrast to other public blockchains, node operators on Secret utilize specialized hardware for running code in secure enclaves called Trusted Execution Environments (TEEs). In these TEEs, not even device administrators can access the information that is being decrypted. On the user’s end, the blockchain works as follows:

  • Users send encrypted input to the network
  • Validators (the Secret nodes) perform computations over encrypted data
  • Proposing validator submits encrypted output
  • Validators achieve consensus on the results
  • Encrypted outputs and encrypted contract state are recorded on Secret Network

The functionality of the smart contracts is based on CosmWasm, the smart contracting platform of the Cosmos ecosystem.

Secret’s potential use cases are manifold. For instance, digital content management platforms can use Secret to store a decryption key to the content. After a user pays, the Secret contract shares the decryption key, and the user receives their unique access key. With traditional blockchains, this is not possible since the data is publicly visible.

Other examples are secret auctions and secret voting, which could make use of the encrypted bids and votes they can submit to a Secret Contract. In this scenario, the contract computing encrypted outputs can determine the winner without revealing the votes.

Finally, Secret can maintain privacy in decentralized finance with a permissionless economic system that offers economic opportunities for wealth generation that have not been possible before.

Check out Terra (LUNA) — a layer-one blockchain based on the LUNA token.

Check out Polkadot (DOT) — a blockchain that serves as the basis for other blockchains.

Read our deep dive into layer-two solutions.

Get the latest crypto news and latest trading insights with the CoinMarketCap blog.

How Many Secret (SCRT) Coins Are There in Circulation?

SCRT can be used for staking, voting, and paying network transaction fees. It is also necessary to operate a node in the network, with the validators receiving rewards and a share of the transaction fees from token swaps. Thanks to the delegated proof-of-stake system of Secret, non-node-operating token holders can delegate their SCRT to a validator to earn a share of the network rewards. SCRT also functions as a governance token.

The initial total supply of SCRT is 170 million, distributed as follows:

  • Community: 75 million
  • Team: 36 million - vested between 2-4 years
  • Treasury: 30 million
  • Foundation: 1 million
  • Inflation. 8 million

Secret targets an inflation rate of 15%, with a projected inflation rate of 20%, if less than 67% of the supply is staked, and a gradual increase to 7% when more than 67% is staked.


How Is the Secret Network Secured?

Secret uses a delegated proof-of-stake consensus mechanism called Tendermint. Validators stake SCRT and receive SCRT from delegators in return for verifying transactions, ensuring the protocol is running, and maintaining blockchain security. Dishonest nodes can see their stake slashed.

Where Can You Buy Secret (SCRT)?

SCRT is available on Binance, Mandala Exchange, Huobi Global, Gate.io, and MEXC.

If you want to learn more about how to start buying cryptocurrencies, you can read more in our guide.

Converter

SCRT

Secret

USD

United States Dollar

SCRT Price Statistics

Secret Price Today
Secret Price$1.88
Price Change24h-$0.1008
5.09%
24h Low / 24h High
$1.87 /
$2.07
Trading Volume24h$11,995,718.60
40.96%
Volume / Market Cap0.03909
Market Dominance0.02%
Market Rank#117
Total Value Locked (TVL)$24,678,405
Secret Market Cap
Market Cap$306,880,882.43
5.09%
Fully Diluted Market Cap$357,376,664.09
5.09%
Secret Price Yesterday
Yesterday's Low / High
$1.90 /
$2.07
Yesterday's Open / Close
$1.91 /
$2.07
Yesterday's Change

8.63%

Yesterday's Volume$8,918,073.17
Secret Price History
7d Low / 7d High
$1.71 /
$2.97
30d Low / 30d High
$1.74 /
$5.21
90d Low / 90d High
$1.74 /
$6.87
52 Week Low / 52 Week High
$0.7674 /
$10.64
All Time High
Oct 28, 2021 (7 months ago)
$10.64
82.35%
All Time Low
Nov 03, 2020 (2 years ago)
$0.2554
635.78%
Secret ROI

190.64%

Secret Supply
Circulating Supply163,295,557 SCRT
Total Supply190,165,060 SCRT
Max SupplyNo Data