Current Price$FHE About 0.05U, the increase since December 7 has exceeded 247%, directly doubling; on December 9, it surged by 55% in a single day.

Binance frequently appears on the increase rankings, with contract trading volume ranking 19th, just behind $SUI, and funds are already flowing in.

#FHE


First, let's look at the chip situation:



Binance's contract scale can now compete with top public chains.
KuCoin has just launched contracts.
Selected as one of the first projects for Chainlink Rewards Season 1.
Cointelegraph's research report names it.
Binance Research starts to focus on the FHE technology direction.



Looking at the narrative: FHE (Fully Homomorphic Encryption) + AI.

This is the privacy direction that Vitalik has mentioned several times, belonging to the 'next round of infrastructure-level' items.

Mind Network is one of the few projects in the FHE track that has already launched on the mainnet, genuinely has users and products, rather than just telling stories.




Among the collaborations with Web2 giants,$FHE it is basically the most eye-catching among peers:



Collaborating with Volcano Engine under ByteDance, launching MindAgent MCP
Agents on Coze can call Mind Network's DeepSeek Hub for FHE encrypted model dialogues and data processing
The first Web3 AI infrastructure to connect to Lark (Feishu), truly bridging Web2 enterprises and Web3



Alibaba Cloud × DeepSeek in this area is more focused on 'fundamental kills':



In the DeepSeek official open-source library, Mind Network is the first and only integrated FHE project (can be found on DeepSeek GitHub)
Providing FHE security and consensus for Alibaba Cloud's DeepSeek service is equivalent to directly entering the production environment of cloud vendors
Transitioning from 'open-source ecology' to 'cloud actual payment scenarios', the valuation has clearly not kept up yet


Application data is also not bad:



The FHE-based AI public chain MindChain, with active addresses over 2.27 million
AgenticWorld gathers over 60,000 AI Agents, activated through staking, training, executing tasks, and earning rewards
FHE Bridge in collaboration with Chainlink, with active addresses over 650,000, crypto transactions over 3.2 million, supporting CCTP and native USDC cross-chain



Regarding endorsements:



Two rounds of financing totaling $12.5M, investors include Yzi Labs (Binance affiliated), Animoca, MH Ventures, etc.
Binance Incubation Camp S5
2 times Ethereum Foundation research grants
Chainlink BUILD program, Consensys Startup Program

Additionally, with in-depth cooperation with ZAMA, standing on the orthodox technology stack of FHE.



In simple terms:

Funding is entering, giants are collaborating, implementation is happening, and the valuation is still in the early stages of price discovery.

Currently, 0.05U of $FHE is more like the 'ticket price' for the entire story of FHE × AI × Cloud × Web3.

Those who are interested can go and translate it themselves:

DeepSeek integration list, ByteDance & Alibaba Cloud related dynamics, as well as the contract volume of Binance.


$dd

#FHE #MindNetwork #DeepSeek #AI #Binance