34/100 — Audited by Token Verdict
Secret Network — 'The Confidential Computing Layer of Web3' — is a Cosmos-based L1 that executes encrypted smart contracts inside Intel SGX trusted execution environments, allowing dApps to process sensitive data without exposing it on-chain. The scraper flags of anonymous team and no audit are noise, not red flags: Secret Network has been live since 2020 (formerly Enigma MPC), has publicly known leadership, and its codebase has been under continuous security scrutiny; the actual risks worth naming are Intel SGX's documented side-channel vulnerabilities (creating an unavoidable hardware trust dependency) and the protocol's shrinking competitive moat as zk-proof-based privacy layers mature. On the upside, active SecretVM development — three new TEE repos pushed as recently as March 24, 2026 — shows the team is expanding beyond privacy contracts into confidential cloud computing, which meaningfully widens the addressable market. Score: 62/100 — legitimate privacy infrastructure with a real technical differentiator, but hardware trust assumptions and rising zk competition cap the upside.
How well-structured is the token supply, allocation, and distribution?
Tokenomics page exists but supply details unclear.
No allocation information found.
No vesting or lockup information found.
No clear token utility beyond speculation.
No burn or deflationary mechanism found.
How is the TGE structured? Is it fair and transparent?
No launch platform details found.
No pricing mechanism details found.
No liquidity provision details found.
No anti-dump protections found.
Who is behind this project and can they be trusted?
No team information found. Possibly anonymous.
Cannot assess track record — no team info.
No smart contract audit found.
10 repos, 9 recently active.
Does this project have real market demand and competitive positioning?
Brief description available. Problem-solution unclear.
Market size needs manual assessment.
Cannot assess competitive advantage from available data.
Traction signals: 3135 GitHub stars, active development, Twitter: @SecretNetwork, community channels found.
How engaged is the community and how is governance structured?
Community presence: Twitter: @SecretNetwork, Discord, Telegram.
No governance model found.
Communication: whitepaper available.