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
Tom Lee: The stock market often hits bottom early in a war, bullish on Ethereum and tech stocks
Well-known analyst Tom Lee said in an interview that despite the U.S.-Iran conflict and rising oil prices, the stock market did not fall, showing that the market has strong resilience. He believes that most S&P constituents have undergone significant adjustments, that the worst-case scenario for the overall market may already be behind us, and that there is room for upside from here. He is bullish on Ethereum as well as technology, industrial, and mid- and small-cap stocks.
GateNews32m ago
A whale opened a $4.35 million ETH long position with 10x leverage, planning to take profit at $2,220.
On April 9, a whale address starting with 0x9fa opened an approximately $4.35 million ETH long position with 10x leverage, with an entry average price of $2,179 and a liquidation price of $2,001. Subsequently, the address planned to take profit at $2,220 and place a $4.45 million sell order.
GateNews38m ago
Yesterday, spot Ethereum ETFs recorded net inflows of $13.84 million, with BlackRock’s staking version ETHB seeing inflows of $44.30 million.
According to Gate News, on April 9, Ethereum spot ETFs saw net inflows of $13.84 million yesterday. Among them, BlackRock’s staking version of ETHB performed best, with net inflows of $44.30 million, while the Grayscale series showed more notable net outflows.
GateNews2h ago
SUI Will Overtake Ethereum: Mysten Labs Co-Founder Makes Bold Call
A bold statement from Mysten Labs has pushed Sui back into the spotlight, especially as the conversation around scalability and real-world crypto payments continues to evolve. The claim centers on one idea. Future financial systems will demand fast and near-free transactions, and that
CaptainAltcoin2h ago
The Ethereum Foundation has sold 3,750 ETH at an average price of $2,214
Gate News message. On April 9, according to on-chain analyst Yu Jin monitoring, the Ethereum Foundation’s current plan is to sell 5,000 ETH. So far, it has completed the sale of 3,750 ETH, worth $8.3 million, with an average selling price of $2,214.
GateNews4h ago
