Privacy Wallet and Crypto Card Service Provider Payy Announce Launch of a Privacy-Focused Ethereum Layer 2 Network, Now Directly Integrable with MetaMask. The network defaults to privacy-preserving ERC-20 token transfers without requiring any modifications to existing smart contracts, aiming to enable on-chain financial activities to remain compliant while minimizing external traceability.
Payy states that in the past, privacy often meant complex experiences, fragmented liquidity, or poor compatibility. This network’s underlying architecture allows “privacy to run in the background.” Its system automatically routes user transactions to private ERC-20 liquidity pools, hiding the true flow of funds; when users interact with DeFi protocols, assets are transferred to newly generated addresses, further reducing on-chain linkability. Related private data is stored in an off-chain privacy vault, allowing users to choose different privacy and compliance combinations based on their needs.
The network primarily targets two user groups: first, institutions and FinTech companies that want to bring fund flows on-chain but do not want to expose transaction trails; second, privacy-focused users seeking a simplified experience. Crypto-native users can continue using existing wallets and applications, while traditional financial institutions can access via distribution partners. Payy plans to leverage its current base of approximately 100,000 wallet users and multiple stablecoin participants as initial liquidity.
Payy CEO Sid Gandhi pointed out that privacy is a key barrier to large-scale adoption of blockchain. Protecting transaction information without sacrificing compliance could help push the on-chain adoption of the global payment system, which is valued at trillions of dollars.
As privacy assets like Monero and Zcash show signs of revival in 2025, and as the Ethereum ecosystem continues to advance wallet-level privacy features, Payy’s launch is seen as another signal that privacy infrastructure is returning to the forefront, providing a new practical path for Ethereum Layer 2 privacy applications.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ETH 15-minute rally up 1.25%: On-chain capital inflows and derivatives short covering converge to drive the move
2026-04-07 21:00 to 21:15 (UTC), the ETH price’s return within 15 minutes reached +1.25%, with the candlestick price range from 2115.51 to 2152.7 USDT and a swing of 1.76%. During this period, overall market attention increased, liquidity of funds rose, and volatility intensified.
The main driver of this abnormal move is the on-chain inflow of funds and the simultaneous rise in active trading volume. Combined with concentrated short positions in the derivatives market and negative funding rates, the market triggered large-scale short covering driven by spot buy-side participation, which became the core factor behind the rapid price increase
GateNews42m ago
ETH breaks through 2150 USDT
Gate News bot message, Gate market data shows, ETH has broken through 2150 USDT, and the current price is 2150.09 USDT.
CryptoRadar48m ago
ETH jumps quickly up 0.89%: Institutional fund inflows and ETF rotation drive a short-term rebound
During the period from 2026-04-07 19:45 to 2026-04-07 20:00 (UTC), ETH saw a clear price anomaly. The candlestick return was +0.89%, with the price fluctuating in the range of 2093.98 to 2116.59 USDT, and the amplitude reached 1.08%. In a short time, both trading volume and on-chain activity increased, overall market attention rose, and movements of major capital inflows became closely watched.
The main drivers behind this anomaly were stronger buy-side pressure from large capital that concentrated inflows into exchanges and enhanced active buying by institutions or whales. Glassnode minute-level
GateNews1h ago
Cysic’s Venus zkVM goes open source as Ethereum eyes proof markets
Cysic open‑sources its Venus zkVM engine, recasting proof generation as a global computation graph and positioning ZisK inside Ethereum's emerging EIP‑8025 proof market.
Summary
Venus replaces a traditional hardware abstraction layer with a graph‑based view of the entire proving pipeline,
Cryptonews3h ago
ETH breaks through 2100 USDT, the 24-hour drop narrows to 1.7%
Gate News message, April 7, according to a certain CEX quote, ETH has broken above 2100 USDT and is now reported at 2100.24 USDT, with the 24-hour decline narrowing to 1.7%.
GateNews3h ago
