FHE (Mind Network) is up 47.23% in the past 24 hours, with a market cap of approximately $18 million.

According to Gate News Bot on December 9, quoting CoinMarketCap data, as of press time, FHE (Mind Network) is trading at $0.05, up 47.23% in 24 hours, with a 24-hour high of $0.05 and a low of $0.01. The 24-hour trading volume reached $47.4 million. The current market capitalization is about $18 million, an increase of $5.78 million from yesterday.

Mind Network is a pioneer in FHE (Fully Homomorphic Encryption) infrastructure, dedicated to providing foundational services for a fully encrypted network. Its core FHE technology, hailed as the “Holy Grail” of cryptography, is built on lattice cryptography and was recognized by the US National Institute of Standards and Technology (NIST) in 2024 as a post-quantum encryption standard.

MindX is providing FHE-encrypted AI services to enterprise clients worldwide. Mind Network’s innovative products include MindChain (the first FHE AI Agent chain), AgenticWorld (FHE consensus platform), and FHE Bridge (cross-chain interoperability solution). The platform has integrated over 20 FHE ecosystem partners, including Google, DeepSeek, Chainlink, EigenLayer, and Pendle. The FHE token is now listed on multiple exchanges and has received support such as grants from the Ethereum Foundation, with total funding reaching $12.5 million.

FHE Market Drivers Analysis

Recent key news about FHE:

1️⃣ Continuous Expansion of FHE Technology Application Prospects
The market is increasingly recognizing the value of fully homomorphic encryption technology in the Web3 field. FHE technology enables data usability while protecting data privacy. This unique feature offers significant practical value in decentralized applications. As a representative project of FHE technology, Mind Network’s strong price surge reflects investors’ positive expectations for the long-term development potential of this technology, especially regarding its application prospects in privacy computing.

2️⃣ Privacy Protection Demand Drives Ecosystem Development
With growing awareness of data privacy protection, demand for privacy solutions based on FHE technology continues to increase. As a decentralized privacy-protection infrastructure, Mind Network’s innovative products such as AgenticWorld and FHE Bridge are providing comprehensive solutions that protect user privacy while promoting secure data utilization and cross-chain interaction. The growth in actual application demand provides fundamental support for the project’s valuation.

3️⃣ Ecosystem Improvement and Increasing Market Recognition
Mind Network has integrated over 20 ecosystem partners, including Google, DeepSeek, Chainlink, EigenLayer, and Pendle, demonstrating the project’s appeal in industry collaboration. The continuously improving ecosystem and expanding application scenarios are drawing broader market attention and investor recognition to the entire FHE sector.

From a market trend perspective, FHE has shown strong sentiment with consecutive days of significant gains. After a 140.58% surge on December 8, it continued to rise by 47.23% on December 9, indicating growing optimism about the project’s prospects. However, the sharp short-term increase still poses a risk of correction, so investors should monitor the price stability at higher levels.

This news does not constitute investment advice; please be aware of market volatility risks when investing.