COTI

COTI is a confidentiality layer built on top of Ethereum, designed to give developers and users a way to handle private data on a public blockchain. It claims to address the problem that most blockchain transactions are fully transparent, which limits their use in settings where data protection matters, such as finance, identity, and artificial intelligence applications. The COTI token is the native asset of this network.

COTI uses a cryptographic technique called Garbled Circuits to enable computations on encrypted data without exposing the underlying information, with Ethereum providing the security settlement layer beneath it. The token operates within the COTI ecosystem to pay for network services and participate in the protocol, though no consensus algorithm or block time is recorded in the data stored here. The project is classified as a Layer 2 scaling and privacy infrastructure solution within the Ethereum ecosystem.

The protocol collected 525.29 USD in fees over the trailing 12 months and 11.04 USD over the trailing 30 days, with the annualized fee rate based on recent activity running at 134.32 USD. Fees over the most recent 24-hour period were 0.20 USD, and the 30-day fee figure grew 17.65 percent over the last 30 days. These are very small absolute amounts relative to a market capitalization of 49,523,070 USD, producing a fee yield of 0.000281 percent on an annualized basis. The data does not specify who receives these fees or how they are distributed within the protocol.