Miden (N/A)

Miden is a privacy-first L2 blockchain designed to bring programmable privacy to onchain finance. The project was previously known as Polygon Labs Miden, later became an independent company, and now focuses on building Miden blockchain privacy infrastructure.

What is Miden core idea?

Miden protocol was created to align with privacy regulations by building its own independent private chain. Miden crypto protects privacy by executing transactions locally and verifying them with STARK-based proofs, using a hybrid model in the Miden VM that supports both Ethereum-style accounts and note-based asset transfers. Miden is building its a native Bread Wallet that enables private and public modes for transaction history and wallet recovery features without loosing non-custodiality by storing user data on the user’s device. It became available because of the institutional backend for private Miden accounts - Miden Guardian that stores and syncs private account state, enables recovery and multisig, and can act as a policy or compliance layer without any access to users’ funds.

The Miden testnet is currently the main and only publicly accessible stage of the network. The project roadmap targets the mainnet release right after the v0.15 testnet version, which was launched on July 2, 2026.

🪙 Miden crypto token:

As of September 2026, the project has not announced a Miden crypto token, but there are some hints about it on the official X account. Miden completed a $25M Seed round with token warrants, meaning investors hold a right to future tokens rather than tokens themselves.

One of the criteria for receiving an airdrop on TGE may be activity on the Miden testnet. Our team has prepared a guide to make it easier for you to participate.

✅ Miden pros:

• $25M funding round from tier 1 funds;
• Hot privacy narrative;
• Security audit from OpenZeppelin;
• Team with experience and connections in the biggest companies;
• Above-average Digital Marketing score.

❌ Miden cons:

• No official revenue information;
• Poor SMM score;
• Weak ecosystem of partners;
• Lack of activities, a protracted testnet phase;
• No clear roadmap and tokenomics.