Fhenix launches encrypted smart contract privacy layer on Ethereum and Arbitrum

Fhenix launched its mainnet on Ethereum and Arbitrum on Oct. 21, bringing its fully homomorphic encryption coprocessor, CoFHE, into production. The system lets smart contracts execute directly on encrypted data while still enforcing rules onchain. Traders may read this as a step toward practical privacy infrastructure on Ethereum and Arbitrum, a narrative that can support demand for those networks even if near-term price impact is limited.