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Privashh (SHH) - Privacy L3 on Base

0xa0fd9980741011aaf7d9fad2fa0bc443f4ed2b07 Updated June 2, 2026

Overview

Privashh ($SHH) is a token on Base representing a privacy-focused Layer 3 network built on the OP Stack. The project provides two privacy profiles: shielded UTXO notes and a compliance-compatible Privacy Pool, sharing a single zero-knowledge cryptographic core[1][2].

Deployed June 2, 2026 via Clanker, the token serves as the native asset for the Privashh L3 testnet (chain 55666), which launched same day[3][4]. The project is fully open-source with circuits, contracts, SDK, and infrastructure publicly available[5].

Market Data

Address: 0xA0fd9980741011AaF7d9FAd2Fa0bC443F4Ed2b07
Chain: Base (8453)
Price: $0.0000016 (as of June 2, 2026)
Market Cap: $159,632
24h Volume: $411,398
Total Supply: 100,000,000,000 SHH
Holders: 291

Technical Architecture

Privacy Core

Privashh uses a single audited-by-construction cryptographic core[2]:

Commitments: Poseidon hash commitments in a fixed-depth Merkle tree
Proofs: Groth16 zero-knowledge proofs via Circom circuits
Infrastructure: Shared circuits, tree, and verifiers power both privacy profiles

Two Privacy Profiles

Profile A — Full Privacy Chain[2]

Every transfer is a shielded UTXO note
Balances live as commitments
Transfers are join-split proofs
No transparent transfers in default UX

Profile B — Open L3 + Privacy Pool[2]

Transparent EVM L3 with opt-in Privacy Pool
Fixed-denomination deposits
Withdrawals require Association Set Proof (ASP)
Privacy that remains unlockable for compliance

Infrastructure Components

Monorepo structure[2]:

@shh/circuits — Circom circuits for UTXO join-split and Privacy Pool withdrawals, Groth16 trusted setup, Solidity verifiers
@shh/contracts — Pools, on-chain Poseidon Merkle tree, bidirectional shielded bridge to Base
@privashh/sdk — Browser-safe and Node proving SDK for notes, Merkle tree, witness building, proof generation (published to npm)
op-stack/ — Docker Compose single-sequencer L3 devnet
explorer/ — Blockscout instance

Deployment Details

The token was deployed via Clanker V4 with metadata pointing to the Privashh project[6][7]:

Admin/Original Admin: 0xdCAaEd466517799b015fe517b7e0Eaf5904299c4
Verified: No (admin has not called verify())
Platform: clanker.world
Image: IPFS (bafybeigt4zxzcal44sxgikonfahnbvnalmqy5lnmuyccnevwzn6vwlhp54)

The contract includes standard ERC-20 features plus:

ERC-20Votes (governance delegation with checkpoints)
Crosschain mint/burn functions (for L3 bridging)
Admin-updateable metadata and image
Burnable supply

Liquidity

Liquidity is deployed on Uniswap v4 via the Base Pool Manager (0x498581fF718922c3f8e6A244956aF099B2652b2b)[8]. Primary trading activity occurs through the v4 position manager (0x7C5f5A4bBd8fD63184577525326123B519429bDc)[9].

As of June 2, 2026, the token has seen 5,773+ Transfer events in the last 500,000 blocks, indicating active trading despite low per-unit price[10].

Top Holders

The top 10 holders include[11]:

1. Uniswap v4 Pool Manager (0x498581...2b2b) — 34.5B SHH (34.5%) — liquidity pool

2. LP addresses and concentrated liquidity positions

3. Whale holders (0xddbcdf...9d96, 0xfc63f4...6583, etc.) — individual positions ranging 1.9B-2.1B SHH each

The deployer/admin wallet (0xdcaaed...99c4) currently holds 6.4 ETH and 1.79M wrapped SHH tokens[12].

L3 Network Status

Privashh L3 Testnet (launched June 2, 2026)[3][4]:

Chain ID: 55666
RPC: https://rpc.shh.gg
Explorer: Being wired to Blockscout (explorer.shh.gg)[5]
Settlement: Base Sepolia (testnet)
Architecture: Single-sequencer OP Stack L3 running on Docker Compose
Status: Live, under one-week stress test before mainnet migration[3]

Bridge: Active for Base Sepolia testnet ETH at https://shh.gg/app[4]

Roadmap & Token Utility

According to official announcements[3]:

1. Testnet Period: One-week stress test on chain 55666 (June 2-9, 2026)

2. Holder Snapshot: Snapshot of Bankr token holders planned for L3 airdrop

3. Mainnet Migration: Following successful testnet stress test

4. Early Revenue: Network fees and trading fee revenue from early stage will be provided as rewards to the community

5. L3 Distribution: Tokens will be distributed to L3 wallets based on Base token holder snapshot

Contracts

|-------|---------|------|---------|---------------------|

Affiliated Addresses

| Address | Role | Evidence |

|---------|------|----------|

| 0xdCAaEd466517799b015fe517b7e0Eaf5904299c4 | Admin/Deployer | admin() and originalAdmin() return this address[6][7] |

Notes

Open Source: Full codebase public on GitHub (9 stars, 2 forks as of June 2)[5]
Recent Development: Last commit 54 minutes before data collection (explorer wiring)[5]
SDK Published: @privashh/[email protected] available on npm for external app integration[5]
Technical Maturity: End-to-end testnet verified (deposit → ASP → prove → relayer → withdrawal)[5]
Launch Context: Token deployed via Clanker platform, referencing Interface context but left empty[7]
Bankr Relationship: Plans to airdrop to Bankr token holders, suggesting connection to Bankr ecosystem[3]
Not Verified: Token contract has not been verified via the verify() function (isVerified returns false)[13]

Sources

[1] https://shh.gg/ [2] https://shh.gg/docs [3] https://x.com/Privashhgg/status/2061837417401999800 [4] https://x.com/Privashhgg/status/2061844496212721948 [5] https://github.com/privashh/shh [6] eip155:8453:0xA0fd9980741011AaF7d9FAd2Fa0bC443F4Ed2b07 [7] eip155:8453/tx:0x6327b1fd8b6cfdb52842ee6713342c3cce0b68a93def0b6239e4b363678a1ac0 [8] eip155:8453:0x498581fF718922c3f8e6A244956aF099B2652b2b [9] eip155:8453/tx:0xb6b8129eb06d60b8d2e90b24e97cbb05064ecdaea0b8fd7f8a36a76f86b58f91 [10] eip155:8453:0xA0fd9980741011AaF7d9FAd2Fa0bC443F4Ed2b07 [11] eip155:8453:0xA0fd9980741011AaF7d9FAd2Fa0bC443F4Ed2b07 [12] eip155:8453:0xdCAaEd466517799b015fe517b7e0Eaf5904299c4 [13] eip155:8453:0xA0fd9980741011AaF7d9FAd2Fa0bC443F4Ed2b07