NYM Price

NYM (NYM) is a cryptocurrency designed to enhance privacy and security in the Web3 ecosystem. Launched in 2022, it operates on the Ethereum platform and aims to provide distributed computing, interoperability, and smart contract functionality. NYM is currently ranked 760 with a price of $0.05257, showing a 24-hour change of +4.7%. The token has a circulating supply of 815.66M NYM out of a total supply of 1B NYM. NYM's market cap stands at $42.87M, with a 24-hour trading volume of $114.07K. Key features include privacy-focused solutions, DeFi capabilities, and governance mechanisms. The project is backed by notable investors and is part of both the Ethereum and Osmosis ecosystems. NYM aims to revolutionize online privacy by offering decentralized infrastructure for secure communications and data protection in the evolving Web3 landscape.

NYM was created on January 19, 2022. It was officially launched as a cryptocurrency on the Ethereum platform, aiming to provide privacy-enhancing solutions for decentralized systems. Since its inception, NYM has gained traction in the Web3 and DeFi spaces, focusing on distributed computing, interoperability, and privacy protection. The project behind NYM aims to build a decentralized infrastructure that enables secure and private communication across various blockchain networks. As of 2025-08-23, NYM has been in circulation for over three years, establishing itself as a notable player in the privacy-focused segment of the cryptocurrency market.

The founders of NYM are Harry Halpin and Dave Hrycyszyn. Harry Halpin, the CEO, has a background in cryptography and privacy technology, having previously worked at the World Wide Web Consortium (W3C) and INRIA. Dave Hrycyszyn, the CTO, is an experienced technologist with expertise in distributed systems and blockchain technology. Together, they launched NYM in 2025 with the goal of creating a decentralized privacy infrastructure. The project aims to provide privacy-enhancing technologies for the internet, focusing on mixnet technology to protect metadata and user anonymity. Since its inception, NYM has gained traction in the Web3 and privacy-focused cryptocurrency space, currently ranking 760 with a market cap of $42.87M.

NYM operates on a decentralized network that prioritizes privacy and anonymity. It utilizes a mixnet infrastructure to obfuscate metadata and protect user identities. The system employs node operators who run mixnodes, gateways, and validators to maintain the network's integrity and security. NYM tokens serve multiple purposes within the ecosystem: 1. Incentivization: Node operators are rewarded with NYM for their contributions to the network. 2. Governance: Token holders can participate in decision-making processes through voting. 3. Service payments: Users can pay for privacy-enhanced services using NYM. The NYM network employs advanced cryptographic techniques, including Sphinx packet format and cover traffic, to ensure robust privacy protection. It also features a decentralized identity system and integrates with various blockchain platforms to enhance interoperability. As of 2025-08-23, NYM has a market cap of $42.87M and is ranked #760 among cryptocurrencies. The current price is $0.05257, with a 24-hour trading volume of $114.07K. The total supply is 1B NYM NYM, with 815.66M NYM in circulation. NYM continues to evolve, focusing on improving scalability, user experience, and adoption across different sectors, particularly in the realm of privacy-preserving Web3 applications.

NYM utilizes a multi-layered architecture to provide privacy and anonymity for network communications. At its core is the mixnet, a decentralized network of nodes that mix and route encrypted data packets. The architecture consists of: 1. Sphinx packet format: Ensures message uniformity and unlinkability. 2. Mix nodes: Perform cryptographic operations to mix and relay packets. 3. Validators: Maintain consensus and validate transactions on the blockchain. 4. Gateways: Entry and exit points for the mixnet. 5. Service providers: Offer privacy-enhanced services built on NYM. 6. Tokenomics: NYM tokens incentivize node operators and secure the network. 7. Smart contracts: Enable programmable privacy features. 8. Cross-chain bridges: Allow interoperability with other blockchains. This layered approach provides strong privacy guarantees while maintaining scalability and performance. The architecture is designed to resist various attacks and protect user metadata, making NYM a robust privacy-preserving infrastructure for Web3 applications.

The future of NYM looks promising. The project aims to enhance privacy and security in the Web3 ecosystem. Key roadmap milestones include: 2025: Expanding the mixnet infrastructure and improving scalability. 2026: Launching advanced privacy-preserving features for DeFi applications. 2027: Integrating with major blockchain platforms to offer cross-chain privacy solutions. 2030: Developing a comprehensive suite of privacy tools for decentralized identity and data management. NYM is focusing on partnerships with leading Web3 projects and continuous improvement of its core technology. The team is committed to making privacy a fundamental layer of the internet, which could drive adoption and potentially increase NYM's value. As the demand for privacy solutions grows in the crypto space, NYM is well-positioned to capture market share. While price predictions are speculative, if the project achieves its roadmap goals, NYM could see significant growth in the coming years. Investors should monitor the project's development progress, partnerships, and adoption rates as indicators of future success.