FHE surges over 60% intraday: Why are privacy computing tokens suddenly gaining popularity?

Mind Network (FHE) showed impressive performance at the start of 2026. According to the latest news, FHE surged rapidly within the day, with the price once breaking through 0.115 USDT, an increase of over 60%, and has now retreated to around 0.099 USDT. What is driving this momentum? An emerging privacy computing ecosystem that is accelerating its implementation.

The Complete Picture of Price Fluctuations

FHE’s short-term performance is quite remarkable. From different timeframes, this rally is not an isolated event:

This data reveals a key insight: FHE’s upward trend has only recently accelerated, especially over the past week, with the gains more than doubling. From a monthly perspective, the project was at a low at the beginning of the month and only recently rebounded, indicating that market sentiment is shifting rapidly.

Project Fundamentals Overview

Mind Network is a project focused on privacy computing, launched in 2022 and officially listed for trading on March 27, 2025. Currently ranked 570th by market cap, it is not a large player in the entire crypto market, but market attention is increasing.

Current market data shows:

• Market Cap: $33.40 million
• 24-hour Trading Volume: $46.07 million (up 88.20% from previous period)
• Circulating Supply: 350,999,998 FHE (circulation ratio 35.10%)
• Total Supply: 1,000,000,000 FHE

The significant increase in trading volume is a major support for this price surge. With a daily trading volume of $4.6 billion compared to a market cap of $3.3 billion, it indicates high market participation. This is not driven by a few large holders but by broader market buying.

Breakthroughs in Privacy Computing Technology

FHE (Fully Homomorphic Encryption) has attracted attention because it addresses a core contradiction in the field of encrypted assets: balancing privacy protection with regulatory compliance.

According to related information, projects like Dusk Network have begun applying FHE technology to real-world scenarios. These projects are exploring a key application: combining FHE with Zero-Knowledge Proofs (ZKP), enabling transaction data to remain fully confidential while meeting regulatory audit requirements. In other words, privacy no longer means a black box, and compliance no longer requires complete transparency.

This technological breakthrough is crucial for institutional applications. Especially in the wave of bringing Real-World Assets (RWA) on-chain, institutional investors need solutions that can protect transaction privacy while complying with financial regulations. FHE perfectly fills this gap.

Market Drivers Analysis

The recent surge in FHE’s price may be driven by several factors:

• Accelerated technological deployment: Dusk Network’s mainnet went live in early January, followed by the launch of DuskEVM, allowing developers to build applications directly on a privacy-enabled chain. The first RWA application, DuskTrade, is set to officially launch in 2026. This is real application progress, not just hype.

• Renewed market recognition of privacy tech: As regulatory frameworks become clearer, the market is beginning to realize that privacy and compliance can coexist. FHE, as a technology solution to achieve this, has gained renewed attention.

• Increased exchange activity: FHE is traded on 122 active markets, with relatively ample liquidity, providing room for price fluctuations.

Summary

FHE’s intraday surge reflects not only short-term sentiment swings but also a reevaluation of the application prospects of privacy computing technology. From a technical perspective, FHE has unique advantages in balancing privacy and compliance; from an application standpoint, the real-world progress of projects like Dusk provides support.

However, it is important to note that a 60% increase in a short period also indicates risk accumulation. The long-term value of such a tech token depends on actual application deployment rather than short-term price movements. Future focus should be on the actual launch of applications like DuskTrade and the real adoption of FHE technology in institutional-grade applications.