Fhenix Launches CoFHE on Ethereum and Arbitrum for Private DeFi Transactions
Fhenix's CoFHE encryption coprocessor enables confidential smart contract computation on Ethereum and Arbitrum mainnets.
Fhenix's CoFHE encryption coprocessor enables confidential smart contract computation on Ethereum and Arbitrum mainnets. Ethereum (ETH) is trading at ₹2,21,703 ($2,329.77), up 0.2% since this brief published. This is an original Token Times brief synthesising 2 outlets (Blockonomi, Crypto.news), plus live market data, as of Mon, 26 Oct 2026 11:45:01 UTC.
This development allows for private DeFi transactions by processing encrypted data on-chain, potentially increasing user security and confidentiality in decentralized finance. It introduces a new dual-mode token design that lets users switch between public and private balances seamlessly.
- Fhenix launched CoFHE on Ethereum and Arbitrum mainnets on October 21, 2026.
- The tool enables encrypted smart contract computation for confidential DeFi and tokenized assets.
- Dual-mode token design allows switching between public and private balances in one transaction.
- Arbitrum's DeFi TVL is $1.47B, while Ethereum's DeFi TVL is $48.63B.
Both Blockonomi and Crypto.news report that Fhenix launched its CoFHE encryption coprocessor on the Ethereum and Arbitrum mainnets on October 21, 2026. They agree that the tool enables encrypted smart contract computation, allowing for confidential DeFi and tokenized assets. However, Blockonomi provides the additional detail about the dual-mode token design, which lets users switch between public and private balances in a single transaction. This specific feature is not mentioned in Crypto.news's coverage.
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- Fhenix Launches CoFHE on Ethereum and Arbitrum for Private DeFi Transactions — this brief
On October 21, 2026, Fhenix launched its Confidential Fully Homomorphic Encryption (CoFHE) encryption coprocessor on the 
Ethereum and 
Arbitrum mainnets. This tool allows smart contracts to process encrypted data without exposing sensitive information such as balances, positions, or trading strategies.
The introduction of CoFHE marks a significant step towards enhancing privacy in decentralized finance (DeFi). By enabling encrypted computation on-chain, it addresses one of the major privacy concerns in the DeFi space. The system is designed to maintain the confidentiality of user data while still allowing for complex financial transactions.
Fhenix's new dual-mode token design is a key feature of the CoFHE system. This design allows users to switch between public and private balances in a single transaction, providing flexibility and enhancing user control over their financial data. This feature is particularly relevant given the growing demand for privacy in financial transactions.
The launch of CoFHE on Ethereum and Arbitrum comes at a time when the DeFi sector is experiencing significant growth. According to DeFiLlama, Ethereum's DeFi total value locked (TVL) is $48.63 billion, while Arbitrum's DeFi TVL is $1.47 billion. Arbitrum's TVL has seen a 6.7% decrease over the past seven days, indicating potential market volatility.
The broader crypto market remains relatively stable, with a total market cap of $2.75 trillion. 
Bitcoin is currently trading at $34,585.6, with a 24-hour change of -0.03%, while Ethereum is at $2,325.7, down 0.11% in the last 24 hours. The Fear & Greed Index stands at 50, indicating a neutral market sentiment.
Since this brief published about 1 hour ago, Ethereum (ETH) has moved from ₹2,21,315.56$2,325.70 to ₹2,21,702.86$2,329.77 — +0.18%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ETH ≈ ₹242,878.52 (about $2,329.77), down 0.1% over 24 hours. The rupee itself trades about 9.6% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 26, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Fhenix Launches CoFHE on Ethereum and Arbitrum for Private D — questions & answers
What is Fhenix's CoFHE and how does it work?
CoFHE is an encryption coprocessor that enables smart contracts to process encrypted data without exposing sensitive information. It allows for confidential DeFi transactions on the Ethereum and Arbitrum mainnets.
What is the significance of the dual-mode token design?
The dual-mode token design allows users to switch between public and private balances in a single transaction, providing enhanced privacy and control over financial data.
How does this affect the DeFi sector?
This development enhances privacy in DeFi transactions, potentially increasing user trust and adoption. It addresses a key concern in the sector by enabling confidential computation on-chain.
How much is 1 Ethereum worth in rupee today?
About ₹242,878.52 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $2,329.77. The rupee price moves with both ETH's US-dollar price and the USDT/INR rate; use our Ethereum in rupee page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is up 0.18% since this brief first published — trading at ₹2,21,703 ($2,329.77) now versus ₹2,21,316 ($2,325.70) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Blockonomi, Crypto.news, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.