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Layer 1 blockchain

Secret Network ticker SCRT

  • No public-data lookups yet
  • 7 reviewed developments
  • 40 cited sources

Summary

Proof-of-stake Cosmos SDK chain (secret-4) using CometBFT consensus; a public node reported application version 1.27.2 on CometBFT 0.38.22 on 2026-09-27. SCRT holders delegate to validators; unbonding takes 21 days and double-signing is slashed 5%. A block commits once validators holding more than 2/3 of voting power precommit it. Execution runs in hardware enclaves: every consensus node runs the contract engine inside an Intel SGX enclave that has passed remote attestation and holds the network's shared encryption seed, so contract inputs, outputs and state stay encrypted to the node operator. That confidentiality rests on the hardware enclave, not on cryptography alone. 123422232628

Design

System
Layer 1 blockchainSecret Network is its own Cosmos SDK proof-of-stake chain (chain ID secret-4), so it stays a layer 1. Two caveats: since the 2025 hardware-enclave attack disclosures, new nodes join only from a governance-approved hardware allowlist or from Microsoft Azure, which the project itself calls semi-permissioned; and a July 2026 proposal to move SCRT to Arbitrum as an ERC-20 was rejected on-chain, after which governance approved continuing the existing chain under community stewardship.
Settlement family
Cosmos SDK
Scarce resource
Stake (proof of stake)
State model
Accounts
Finality
Economic finality
Who makes blocks
Validators take turns proposing in proportion to voting power. The staking module allows up to 80, but only 23 were bonded on 2026-09-27; the largest held about a quarter of bonded stake and the top three together held more than a third. A new validator machine must pass enclave attestation and be on a hardware allowlist approved by governance, unless it runs in Microsoft Azure.
Fork choice
No fork choice in the Nakamoto sense: each height is decided by more than 2/3 of voting power precommitting (the Tendermint BFT consensus Secret's docs describe). Conflicting commits would require at least a third of voting power to double-sign, which is attributable and slashable. If more than a third of voting power is offline the chain stops instead of forking; block headers show a 40-minute gap between heights 26,644,169 and 26,644,170 on 12 August 2026.

Qualifications

Tradeoffs

This view follows one way of thinking about design priorities, often called the blockchain trilemma. The design-priorities lesson sets out the counter-view. Read the design-priorities lesson.

Emphasizes
Security
Gives up
Decentralization and throughput. Consensus nodes need server-class Intel SGX hardware on an allowlist (or Azure), only 23 validators were bonded on 2026-09-27, and three of them held more than a third of stake. Running contracts inside the enclave costs throughput: the project's own docs estimate the enclave and encryption overhead at roughly 30% over an ordinary contract engine and say the enclave-compatible engine it uses is much slower than the standard one. Confidentiality additionally depends on trusting Intel SGX.Security here means BFT consensus safety with slashing and single-block commits; it is weakened in practice by the stake concentration above. Privacy is a separate property, not one of the three corners: it rests on hardware enclaves, and researchers extracted the network's master decryption seed through SGX flaws in 2022 and demonstrated further extraction attacks in 2025.
Full node at home
Demanding 45678202731The docs list at least 32 GB RAM (64 GB recommended), 512 GB to 1 TB SSD and an Intel server CPU with SGX; AMD is unsupported, and release 1.24 blocked all desktop CPUs and the Xeon E-21xx/E-22xx lines. Every full node runs the enclave, so a new machine outside Azure must be added to the allowlist by governance vote (minimum deposit 5,000 SCRT since 23 September 2026) or in a later software release. A beta non-SGX node (1.25) runs on ordinary hardware but copies contract results from a paired SGX node.
Throughput claims
  • Theoretical peak: 10 tx/s 924Theoretical peak; not comparable across chains or with observed load.Secret contract executions per second, derived from block limits rather than measured.Assumes a 6 million gas block limit, about 100,000 gas per contract call and roughly 6-second blocks, as stated on the undated docs page. The live block gas limit read on 2026-09-27 was 5 million.Arithmetic from block parameters in the documentation, not an observed measurement. The current 5 million gas block limit is lower than the figure used on the docs page, which would lower the result. Ignores propagation, state growth, enclave query load and the encryption overhead the same page describes.
  • Unclassified: 25 tx/s 9Unclassified; do not compare.Mixed contract and simple transfer or staking messages, as described on the docs page.The docs describe this as an in-practice figure but give no measurement window, method or date. Depends on the message mix; simple transfers use far less gas than contract calls. Not comparable with figures published for other chains.
Headline figures are not comparable across chains. A theoretical peak is never a like-for-like number.

Scaling layers

No scaling layer recorded in this profile.

Capabilities

Capabilities of Secret Network: how each one is provided, or its research status
CapabilityHow it is providedNotes and sources
Account abstractionStructured assessment pendingNot yet assessed for any chain.
Atomic swapsUnknownNot yet assessed under the current definitions; no hash-time-locked or other cross-party swap mechanism was verified. IBC hooks let an incoming token transfer trigger a contract call such as a swap on arrival, but that is an automated contract action, not a swap between two parties. 11
Authenticated data publicationUnknownNot yet assessed under this row's current definition.
Light clientsBuilt into the protocolLimited scopeCometBFT consensus produces the validator-signed commits that IBC light clients check, and Secret verifies counterparty chains with on-chain light clients. Limit: clients that lapse need governance recovery, which has happened repeatedly in 2025 and 2026. The beta non-SGX node is not a light client: it trusts an SGX provider node for contract results. 71027
Native staking or delegationStructured assessment pendingNot yet assessed for any chain.
On-chain governanceStructured assessment pendingNot yet assessed for any chain.
Parallel executionStructured assessment pendingNot yet assessed for any chain.
Payment or state channelsUnknownNo payment or state channel layer anchored to Secret was found. IBC channels are messaging paths, not payment channels. 10
Programmable spendingPartial (layer not stated) Earlier definitionSecret Contracts are a modified CosmWasm (Rust compiled to WebAssembly) whose inputs, outputs and state are encrypted, with viewing keys or signed permits controlling who can read balances. Since 2026-09-05 a governance circuit breaker has switched off new code uploads and new contract instances, so users cannot set up new contract-based spending rules; existing contracts still execute. Lifting the pause would allow new uploads and instances again. 117182527
Protocol-verified messagingStructured assessment pendingNot yet assessed for any chain.
Reversible transfers or recoveryUnknownNot yet assessed under this row's current definition.
RollupsUnknownThe review did not verify absence, so the rule that absence needs a source makes this unknown rather than not present. Earlier finding: no rollup settling to Secret was found. IBC-connected chains are separate sovereign chains, not rollups. 10
Shielded transfersStructured assessment pendingNot yet assessed for any chain.
Signed partial offersUnknownNot yet assessed under this row's current definition.
Reading these values
How this feature is provided
Built into the protocol, core-team software or independent software says where a feature lives and who can change it. These are implementation layers, not quality: core-team software is not closer to the protocol than independent software.
Structured assessment pending
The shared review has not assessed this feature for any chain yet (Account abstraction, Native staking or delegation, On-chain governance, Parallel execution, Protocol-verified messaging and Shielded transfers). That does not mean it is absent, and a chain’s profile may already describe it.
Unknown
The review has not established this for this chain under the current definition; the note beside it says why. Unknown is not absent and not a low score. A feature reads “Not present” only when a source shows it is absent.
Earlier definition
Payment or state channels, Programmable spending and Rollups keep the earlier definition until the next fact-check. There, “Native” does not separate the protocol from core-team software, “Ecosystem software” does not say who publishes it, and “Partial” does not say which layer.
Reading across rows
The list of capabilities is incomplete. Do not read these rows as a chain leading or lagging overall.

Definitions, schema version and review history

Ecosystem & custody

Ecosystem products for Secret Network
Product typeStatusNotes and sources
Automated market makersThinShadeSwap (Shade Protocol)ShadeSwap is a contract-based exchange on Secret whose trades run inside encrypted contracts. The docs' applications page, last updated about two years before this review, also lists Sienna and Button Swap, whose current status was not verified. Depth was not measured; SCRT Labs' July 2026 announcement said liquidity had thinned, and an August 2026 forum proposal described total network fee revenue as too small to matter for the network's finances. 16303240 As of Sep 27, 2026.
Issuer-native stablecoinsThinSILK (Shade Protocol)SILK is issued on Secret by Shade Protocol against over-collateralized crypto deposits and is pegged to a basket (US dollar, euro, yen, Canadian dollar, gold and bitcoin), not to the dollar alone. Circle does not list native USDC on Secret; USDC arrives from Noble over IBC. Axelar-bridged stablecoins were among the tokens forged in the June 2026 exploit. 293839 As of Sep 27, 2026.
Algorithmic stablecoinsUnknownSILK describes itself as reflexive, but its docs describe collateral-backed minting, so it is listed with native stablecoins. Other algorithmic or hybrid stablecoins on Secret were not reviewed. 39 As of Sep 27, 2026.
BridgesNative to the protocolIBC (Cosmos chains, including Noble), Axelar (paused since June 2026), SecretPath gateway (EVM messaging)IBC transfers connect Secret to other Cosmos chains and can wrap arriving tokens as private SNIP-20 tokens in one step. The docs also list Axelar for EVM assets, Gravity Bridge and the SecretPath messaging gateway, with Wormhole and Union marked as coming soon; the applications page marks a Monero bridge as not working. Risk: In June 2026 an attacker opened an IBC channel from a counterfeit chain to Secret's Axelar bridge contract, minted about 4.67 million US dollars of unbacked tokens and redeemed them for real reserves; the Axelar route was paused and compensation had not been verified as delivered at review. IBC safety also depends on each counterparty's consensus and on light clients being kept current; several lapsed clients needed governance recovery in 2025 and 2026. 101112162729 As of Sep 27, 2026.
Block explorersEstablished in the ecosystemMintscan, Ping.pub, ATOMScan, Zonescan, EZ Staking, Secret Dashboard (analytics)The Secret docs and the Cosmos chain registry list these explorers and several more. The Secret Network homepage said on 2026-09-27 that Mintscan is being retired and pointed users to Zonescan. Most pages are rendered in the browser and were not confirmed to show live Secret data. Explorers only see public data: encrypted contract inputs and SNIP-20 amounts are not readable. 131921 As of Sep 27, 2026.
Hardware walletsThinLedger (Secret module behind a switch that is off by default; third-party software per Secret's guides)See custody rows: Ledger Wallet's code includes Secret Network behind a switch that is off by default, and Secret's docs show Ledger devices signing through the Ping.pub web wallet or the command-line client with the Secret or Cosmos device app. Trezor states it does not support Secret. 143637 As of Sep 27, 2026.

Hardware-wallet custody

Hardware-wallet custody for Secret Network
Device makerStatusWhat users can and cannot do
LedgerPartialSame as native: UnknownCan: Keep SCRT keys on a Ledger Nano S, S Plus or X and send through the Ping.pub web wallet, confirming each transaction on the device, per Secret's guide
Can: Delegate, withdraw rewards and vote through SecretCLI with the device
Can: Wrap SCRT and send SNIP-20 tokens through SecretCLI with the device
Cannot: Count on Secret appearing in Ledger Wallet: its Secret Network module sits behind a feature switch that is off by default, and no Ledger page confirming it is on was found
Cannot: Always find the Secret device app without enabling experimental apps, according to the Secret guideLedger Wallet's code includes a Secret Network module but hides it unless a remotely controlled switch is turned on, and that production setting could not be read. The signing routes recorded here come from Secret's own guides, which use the Ping.pub web wallet or SecretCLI with the Secret or Cosmos device app and name older devices and the Ledger Live app. 141536 As of Sep 27, 2026.
TrezorNone foundSame as native: NoCannot: Manage SCRT in Trezor Suite
Cannot: Treat SCRT token copies on other networks as Secret Network custodyTrezor's page states that it does not support Secret; third-party signing paths with Trezor were not checked. 37 As of Sep 27, 2026.

Public data

iKnow Blockchain has no public-data lookups for Secret Network yet. This is a limit of the service, not a statement about the network.

Public-data lookups for Secret Network
LookupStatusWhat it covers and its limits
Address or accountNot available yetPublic-data lookups for this chain are not built yet.
Tokens and assetsNot available yetPublic-data lookups for this chain are not built yet.
NFTsNot available yetPublic-data lookups for this chain are not built yet.
TransactionsNot available yetPublic-data lookups for this chain are not built yet.

A lookup covers one address or transaction from one provider. It is never a complete wallet, and an error or private value is reported as unknown, not zero. About public data · Connect your AI

Sourced developments

Developments: Review overdue Reviewed Sep 27, 2026; next review was due Oct 7, 2026, 12:00 UTC.

Publication date · newest first

Topics your AI can explain

Your AI can explain these topics for Secret Network through the connection, with sources.

Known gaps

What this profile's review did not establish:

Sources

Oldest dated source check: Source checked Sep 27, 2026 Next check due Oct 27, 2026.

All 40 sources were checked in the last 30 days.

  1. Private transactions - A quick summary (external site)Secret Network documentation · retrieved
  2. Tendermint (external site)Secret Network documentation · retrieved
  3. How Secret Network Uses SGX (external site)Secret Network documentation · retrieved
  4. Semi-Permissioned Model (external site)Secret Network documentation · retrieved
  5. Adding Nodes via Governance Proposal (external site)Secret Network documentation · retrieved
  6. Hardware setup (external site)Secret Network documentation · retrieved
  7. Non-SGX Node (Beta) (external site)Secret Network documentation · retrieved
  8. Hardware Compliance (external site)Secret Network documentation · retrieved
  9. TPS and scalability (external site)Secret Network documentation · retrieved
  10. IBC (external site)Secret Network documentation · retrieved
  11. IBC (Hooks, PFM, Wasm) (external site)Secret Network documentation · retrieved
  12. Bridge (messaging/tokens) (external site)Secret Network documentation · retrieved
  13. Explorers & tools (external site)Secret Network documentation · retrieved
  14. Use Ledger hardware wallet (external site)Secret Network documentation · retrieved
  15. Ledger with SecretCLI (external site)Secret Network documentation · retrieved
  16. Applications (external site)Secret Network documentation · retrieved
  17. CosmWasm vs Secret CosmWasm (external site)Secret Network documentation · retrieved
  18. Permits (external site)Secret Network documentation · retrieved
  19. Secret Network homepage (external site)Secret Network · retrieved
  20. Secret Network governance deposit parameters (public REST endpoint) (external site)Lavender.Five Nodes public endpoint · retrieved
  21. Secret Network chain registry record (external site)Cosmos chain-registry maintainers · retrieved
  22. Secret Network staking parameters (public REST endpoint) (external site)Lavender.Five Nodes public endpoint · retrieved
  23. Secret Network bonded validators (public REST endpoint) (external site)Lavender.Five Nodes public endpoint · retrieved
  24. Secret Network consensus parameters (public REST endpoint) (external site)Lavender.Five Nodes public endpoint · retrieved
  25. Secret Network circuit breaker disabled message list (public REST endpoint) (external site)Lavender.Five Nodes public endpoint · retrieved
  26. Secret Network node information (public REST endpoint) (external site)Lavender.Five Nodes public endpoint · retrieved
  27. Secret Network governance proposals, latest 40 (public REST endpoint) (external site)Lavender.Five Nodes public endpoint · retrieved
  28. Secret Network block 26,644,170 header (public REST endpoint) (external site)Lavender.Five Nodes public endpoint · retrieved
  29. Security Incident: Axelar<>Secret IBC Bridge Exploit (June 10, 2026) (external site)Secret Network Forum · retrieved
  30. $SCRT is Moving to Arbitrum (external site)Secret Network Forum (SCRT Labs post) · retrieved
  31. CPUs blocked in upcoming 1.24 release of Secret Network (external site)Secret Network Forum · retrieved
  32. Proposal: Increase Secret Network Minimum Gas Fees (external site)Secret Network Forum · retrieved
  33. SGX.Fail (external site)SGX.Fail research team · retrieved
  34. WireTap: Breaking Server SGX via DRAM Bus Interposition (external site)WireTap research team · retrieved
  35. TEE.fail (external site)TEE.fail research team · retrieved
  36. Ledger Wallet feature switch for Secret Network (currencySecretNetwork), declared without a value and therefore off by default (external site)Ledger (LedgerHQ/ledger-live on GitHub) · retrieved
  37. Secret (SCRT) support (external site)Trezor · retrieved
  38. USDC contract addresses (external site)Circle · retrieved
  39. SILK (external site)Shade Protocol documentation · retrieved
  40. ShadeSwap (external site)Shade Protocol documentation · retrieved

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Funding disclosure

Funding disclosures appear here when an upkeep arrangement exists, in the form “Upkeep funded by [name]; verdicts unaffected.” The funder ledger has not been published yet. Neutrality & funding