Nym NYM

1. Summary

Ranks

Liquidity

93

Developer

-

Social

98

Momentum (beta)

76

Stack Rank™

-

Price

$0.11 +1.3%

Market Cap

$84.70M (#438)

Supply

715.02M / 1.00B

Tags

Smart Contracts Privacy Coins Cosmos Ecosystem Ethereum Ecosystem Zero Knowledge (ZK) DePIN

More Metrics

Price
52W High price	$0.31
52W High date	12th Mar 2024 (4 months ago)
All Time High (ATH) Date	15th Apr 2022 (2 years ago)
ATH Price	$5.76
% From ATH	-95.94%
All Time Low (ATL) Date	11th Oct 2023 (9 months ago)
ATL Price	$0.10
% From ATL	137.93%

Supply & Trading Volume
Trading Volume (24h)	$1.39M
Total Supply	1.00B
Max Supply	1.00B
Circulating Supply	715.02M

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Description

Nym

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Nym

Nym is an infrastructure designed to protect users' sensitive data from unauthorized access by shielding IP addresses and traffic patterns on the internet. Existing internet protocols leak data that can be used without users’ knowledge, making it vulnerable to exploitation. Nym addresses this issue by providing a network-level privacy solution through its mixnet technology, ensuring that every packet’s metadata is protected at both the network and application layers.

The Nym Mixnet

The Nym mixnet is an anonymous overlay network that encrypts and mixes internet traffic with "dummy" packets to obscure the metadata. This process makes it difficult for adversaries to trace network traffic, protecting users' online activities from surveillance and data harvesting. The mixnet is decentralized and operates on blockchain technology, incentivizing node operators to provide quality service through token rewards.

Key Features

• Layer 0 Privacy Infrastructure: Nym provides a comprehensive privacy solution, protecting metadata across both Web 2.0 and Web3 applications.
• Chain-Agnostic: The Nym mixnet can be integrated with any blockchain or decentralized application to provide network-level privacy.
• Decentralized: Nym is open-source, permissionless, and incentivized by token economics, ensuring low latency and high throughput.

Use Cases

Nym supports various privacy-preserving applications such as secure messaging, anonymous payments, and private data sharing. It also enhances the privacy of blockchain transactions, offering stronger resistance against metadata analysis.

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