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Fhenix (N/A)

Upcoming Retrodrop
Total Raise: $22M
Date: 26 Sep, 23 - 07 Mar, 25

Fhenix is a privacy-focused Web3 infrastructure stack that brings encrypted computation to EVM chains through FHE, enabling smart contracts to process sensitive data without ever decrypting it. Fhenix Network delivers this through CoFHE, Solidity libraries for encrypted variables, and a seamless developer experience that makes on-chain confidentiality accessible without deep cryptography knowledge.

Since its inception in 2023, the Fhenix has raised $22M in multiple funding rounds with participation from Multicoin Capital and other funds.

❗️ ❗️ ❗ IMPORTANT:

Please be aware that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch doesn’t provide financial advice, nor does it intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 80+ distinct variables/metrics, refined over time through the team's rich 7-year experience.

Fhenix Overview

Ticker: N/A
Blockchain Network: Ethereum
Country: Israel
Founded: 2023
Whitelist: Yes
KYC: No
Bounty: Yes
MVP: Yes
Type: Equity
Industry: Blockchain Service
Security Audit:
No

Fhenix Review

Last updated: 10 Jun

Fhenix is a privacy-first infrastructure for Ethereum that uses Fully Homomorphic Encryption to enable encrypted smart contracts and confidential computation, with ~50x lower latency and ~5,000x higher throughput than previous threshold FHE in benchmarks. Fhenix FHE blockchain lets apps process sensitive data end-to-end while staying fully encrypted, unlocking private DeFi, governance, gaming, and AI use cases.

Fhenix FHE project offers user-friendly integration through Solidity libraries and EVM compatibility, allowing Web3 developers to implement privacy features without deep cryptographic expertise, using the following primary components:

  • Task Manager: Acts as the gateway for all FHE operation requests, validating requests and managing permissions through the Access Control Layer (ACL);
  • Aggregator: Coordinates request queues and manages communication between on-chain contracts and the off-chain execution environment;
  • FHEOS Server: Executes the actual FHE operations on encrypted data and maintains the encrypted state;
  • Threshold Network: A distributed system that securely handles decryption requests through multi-party computation, ensuring no single entity can access the decryption key.

You can find more details in the Fhenix whitepaper (documentation).

🪙 Fhenix Token: As of December 2025, the Fhenix team hasn’t disclosed any details concerning the native token of the project. However, Fhenix features a Testnet campaign, allowing users to be among the first ones to try out the CoFHE features. Participating in the Fhenix testnet could lead to a potential Fhenix airdrop.
 

Considering a sufficient Fhenix fundraise and a potentially upcoming Fhenix coin airdrop, our team has completely analysed the Fhenix crypto project, revealing its several pros and cons:
 

✅ Fhenix pros:

  • High SEO and PR score;
  • Above-average Growth Marketing, Marketing Infrastructure and SMM performance;
  • Decent backers (Multicoin Capital, HashKey Capital, and others);
  • Top-tier partnerships (Ethereum, Arbitrum);
  • Core team members have work experience in top-tier companies (SAP, Intal, Binance).
     

❌ Fhenix cons:

  • No Security audits;
  • Below-average Infuencer Marketing performance;
  • No info on the token yet.

Fhenix Token Economy

Total Raise: $22M
Total Supply: N/A
Private/Pre-sale: $14M (63.64%)
Public Sale: (0%)
FDV: N/A
Initial Market Cap: (0% of FDV)
Initial Circulation Supply:

Fhenix Token Sale (ICO & IDO) Rounds

Seed 27 Sep, 23
Past

Price: N/A
Tokens for sale: N/A
Raise: $7M
Lock-Up: N/A
Funds:
robot ventures logo hack vc logo MultiCoin logo +3
Private 05 Jun, 24
Past

Price: N/A
Tokens for sale: N/A
Raise: $7M
Lock-Up: N/A
Funds:
Amber Group Logo GSR logo hack vc logo +6
Strategic 07 Mar, 25
Past

Price: N/A
Tokens for sale: N/A
Raise: N/A
Lock-Up: N/A
Retrodrop is active now! 🔥🔥🔥 Read More

Fhenix Funds and Backers
(3/13)

Submit
Fund Score Type Retail ROI Numbers of investments
Medium2.54x44
N/A1.64x41
N/A0.80x39
View All

Fhenix Marketing Activity

Search Engine Optimization
Social Media & Community Management
PR & Traffic
Marketing Infrastructure
Influencer Marketing
Growth Marketing
Last Update:  08 Jan Upgrade

Fhenix Team

Guy Zyskind
Guy Zyskind
Founder
Guy Itzhaki
Guy Itzhaki
CEO
Anzhelika (Yuzkova) H.
Anzhelika (Yuzkova) H.
Head of Marketing
Yonatan Erez
Yonatan Erez
Head of Product

Fhenix Airdrop & Retrodrop & Bounty

Retrodrop (Testnet)
Fhenix - Logo.
funds
Start Date:
04 Jun, 25
End Date:
TBA
Difficulty:
Easy
Winners:
N/A
Rewards:
N/A

Description

Fhenix is a privacy-first infrastructure for Ethereum that brings Fully Homomorphic Encryption on-chain, enabling smart contracts to compute directly on encrypted data. Its FHE architecture delivers ~50x lower latency and ~5,000x higher throughput than earlier threshold-FHE systems, making private DeFi, governance, gaming, and AI finally practical.

On June 4th, 2025, the project launched its 2nd Testnet, allowing users to try out the CoFHE features. Hence, we have prepared a comprehensive guide on how to join the event.

Read More

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