Payy Debuts Privacy-Enabled Ethereum Layer 2, Supporting MetaMask Wallets

TheNewsCrypto2026-02-05 tarihinde yayınlandı2026-02-05 tarihinde güncellendi

Özet

Payy has launched a new privacy-focused Ethereum Layer-2 network designed to make everyday crypto transactions private by default while remaining compatible with popular wallets like MetaMask. The network addresses transparency issues on public blockchains, where wallet activities are visible and susceptible to tracking, exploitation, and front-running—factors that have hindered institutional and retail adoption. The solution operates by routing transactions through private ERC-20 pools, making fund tracing difficult without requiring users to switch wallets. Transactions are private by default, and interactions with DeFi platforms use newly generated addresses to dissociate user identity from on-chain activity. Users can customize privacy levels based on application rules. Aimed at institutions and privacy-conscious users, Payy’s system enables confidential payments and reduces operational complexity. The launch begins with an existing base of 100,000 users and support from major stablecoin providers. According to CEO Sid Gandhi, privacy is essential for mainstream crypto adoption, as public transaction data remains a key barrier to global on-chain payment adoption.

Payy has launched a new privacy-focused Layer-2 network built on Ethereum, which makes the everyday crypto transfers invisible to the public by default while still running on popular wallets like MetaMask.

On the public blockchains wallets transactions and balances are visible, and this can be tracked, which leads to the exploit and front running. Payy says that this level of transparency has slowed the adoption of the institutions, Fintech companies, and everyday stablecoin users. So the New layer 2 network makes the transactions private automatically.

How Payy’s Layer 2 Network Works

Payy network works on Ethereum by adding a privacy layer without changing it. When users send the token, the transactions are routed through private ERC 20 pools, which makes it harder to trace the funds, and users can continue using the existing wallet. ERC20 transfers are private by default, and when interacting with the DeFi platform, funds are sent to newly created addresses, which prevents activity linked to the user. These private transactions are stored in the privacy vaults, and the users can choose how much privacy they want, depending on the rules of the apps they interact with.

Payy says that this is designed for the two main groups, such as Institutions and crypto users who value privacy. For the institutions that want to move payments without exposing financial data on-chain and for the users who want privacy and want to avoid managing multiple wallets, Payy says that their system allows privacy-focused transactions, which prevent competitive risks and keeps user experience simple.

Payy already operates a privacy-focused crypto wallet and Visa powered crypto card. This new Ethereum layer 2 network is being launched with an initial base of 100,000 existing users and support from major stablecoin players. Sid Gandhi, CEO of Payy, said that privacy is the final hurdle stopping crypto from going mainstream and argues that global payments cannot move on-chain if every transaction becomes public data.

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İlgili Sorular

QWhat is the main feature of Payy's new Ethereum Layer 2 network?

AThe main feature is that it provides privacy by default, making everyday crypto transfers invisible to the public while still being compatible with popular wallets like MetaMask.

QHow does Payy's network achieve transaction privacy for users?

AIt routes transactions through private ERC-20 pools, making funds harder to trace, and sends funds to newly created addresses when interacting with DeFi platforms to prevent activity from being linked to the user.

QWhich two main user groups is Payy's new network designed for?

AIt is designed for institutions that want to move payments without exposing financial data on-chain, and for crypto users who value privacy and want to avoid managing multiple wallets.

QWhat existing user base and support does Payy's new Layer 2 network launch with?

AIt launches with an initial base of 100,000 existing users and has support from major stablecoin players.

QAccording to Payy's CEO, what is the 'final hurdle' stopping crypto from going mainstream?

APrivacy is cited as the final hurdle, arguing that global payments cannot move on-chain if every transaction becomes public data.

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