u/Okan01616161

The September contest is done, and the turnout was genuinely impressive, builders across multiple disciplines shipping real apps before mainnet even launches. Here are the three that stood out to me:

1. Caravel (@caravelxyz)

A private neo bank on the Ootle. Wallet with private and public balances, plus encrypted chat with payments built in. This one's my own project, and I'm backing it all the way.

https://x.com/Caravelxyz/status/2104892257396535768

2. Tari L1 Web Wallet (by Erebus Lab)

A browser-based Tari wallet with an Ootle account built in. Its standout feature is burning XTM to the Ootle in one click, auto-claimed to your Ootle account. Effectively the on-ramp to the L2.

https://x.com/Erebus_Lab/status/2105254665265016978

3. Private Ballot (by GSXRspartan)

Open-source anonymous voting built on Tari's Triptych ring proofs. Prove you're an eligible voter without revealing who you are, with results anchored to the Ootle. A great example of Tari privacy beyond payments.

https://x.com/phillip_d33221/status/2096997652789613011

October contest is now live

Theme is Spooky Secrets, the best demonstration of Tari's privacy capabilities. 1M XTM for first, 500K second, 250K third. Note this month entries must be announced on Bluesky or Reddit, so this sub is a valid place to post yours.

https://community.tari.com/t/october-build-contest-thread-spooky-secrets/396

Builders, assemble 🐢

The Tari Ootle ecosystem is starting to pick up, with a wave of projects shipping.

A few worth checking out (full disclosure, I build Caravel, but excited

about the whole space):

Caravel, a privacy focused wallet and encrypted chat, aiming to be a neobank on

the Ootle: https://x.com/Caravelxyz/status/2104524984727343468

https://caravellabs.net/

Sooonfun, running an ICO on the Ootle: https://x.com/sooonfun/status/2103917787643290049?s=20

And there's more building under the Tari September contest, worth a browse if you

want to see what people are working on:

https://community.tari.com/t/september-contest-thread/324/22

Exciting times for the ecosystem

With the Ootle launch coming up, I got curious how Tari stacks up against projects already in the CMC top 100, and what it would actually take to get there. Sharing the analysis.

The math:

Top 100 entry currently sits around a $400M market cap. XTM is at ~$0.002 with a ~$13M market cap. To break in, XTM would need roughly $0.06, about a 30x from here. Big number, but worth putting in context with real comparables.

Midnight (NIGHT) - #98, ~$400M:

This is the most direct comparison. Similar pitch to Tari: programmable privacy, selective disclosure, private but compliant. But look at where it actually is. Federated mainnet run by 9 corporate node operators, and its smart contract layer (the "programmable" part) is still in development, preparing to deploy. The market values that at ~$400M, and it peaked near $2B at launch.

Tari, by comparison, has a live PoW base layer, permissionless, moving toward community-run governance, with its programmable privacy L2 going live 11.11. Similar scope, arguably more decentralized, at a fraction of the valuation.

SEI - #95, ~$446M:

Included this one to make a different point. SEI is a speed-focused general-purpose L1 with no privacy angle, competing directly with Solana/Sui/Aptos. Its TVL has fallen from ~$626M to ~$40M, and its daily chain revenue has been in the $10-30 range (per DefiLlama). Yet it's still valued at ~$446M. The takeaway: top 100 valuations aren't really driven by revenue or current fundamentals, they're driven by narrative and positioning.

So Tari at $13M isn't necessarily a "fundamentals" problem, it's early. And it sits in what's arguably the strongest narrative in the market right now (privacy).

I think the comparables are interesting. Curious what others make of it, especially anyone who thinks the $400M/top-100 framing is unrealistic.

https://preview.redd.it/ta7u08khd1rh1.png?width=3200&format=png&auto=webp&s=fff1c6922d5d5b6d7185cf1b423413215ec3e066

While most attention goes to price, I've been keeping an eye on the developer-side metrics, which tend to matter more long term.

The https://www.npmjs.com/package/@tari-project/ootle-wasm on npm is at 619 weekly downloads and trending up. It's a modest number in absolute terms, and some of that will be CI/automated pulls rather than distinct devs, but the direction is what's interesting: steady growth in people pulling the Ootle tooling to build with.

Worth noting because adoption tends to start on the developer side before it shows up anywhere else. Anyone can point an agent at the Tari docs and start building on the Ootle now, so the onboarding friction is low.

Link: npmjs.com/package/@tari-project/ootle-wasm

https://preview.redd.it/8t3av83gouph1.png?width=1524&format=png&auto=webp&s=d3f5447ca84630e950df6d791b8a82409e1464b0

With the Ootle launch approaching, I went back and re-read Hack VC's investment thesis on Tari from 2025 (they were an early backer, also funded Solana among others). What stood out is how well the core points have aged. A few worth highlighting:

1. Stablecoin payments as crypto's #1 use case, with privacy as the missing piece.

Their argument: stablecoin payments are faster and cheaper than wires, trillion-dollar market, but nobody wants their salary or balance sitting on a public ledger. What was a "nice to have" in 2025 looks more serious now. Chainalysis reported violent "wrench attacks" on crypto holders are having a record year, $30M+ stolen in H1 2026, with attackers using on-chain data to identify targets and their balances before robbing them. Having your wealth visible on-chain is turning into a genuine safety problem, not just a privacy preference.

2. A regulatory shift toward compliance.

They flagged the US moving toward clearer crypto/stablecoin rules. The CLARITY Act keeps progressing, slower than many hoped, but the direction of travel favours compliant assets. Tari's design (private by default, but able to meet compliance when needed) fits that better than most privacy coins, which tend to get delisted.

3. A confidential, compliant stablecoin being built.

The thesis noted an issuer had already committed to building on Tari. That's since firmed up, the issuer is Brale, a US-regulated stablecoin issuer, with a launch planned shortly after the Ootle goes live on 11.11.26.

Not financial advice, and obviously a VC that invested has an interest in the project doing well, so read it with that in mind. But three years on, the thesis reads less like a bet and more like something playing out. Curious what others here think, especially anyone skeptical of the privacy-narrative angle.

Link to the original thesis: https://x.com/DNodeCapital/status/2099802899521913097

https://x.com/DNodeCapital/status/2097633510932496471?s=20

https://preview.redd.it/ekn07sgu2hoh1.png?width=1200&format=png&auto=webp&s=40c874d2f6f4b43e8f7b8f61dcf0fe3ae8949825

I thought the early KAS price action is similar to XTM .. but the ROI much more favourable for XTM given the narrative ... thoughts?

With the Ootle going live 11.11.26, I've been thinking about what people would actually build once you have real privacy AND smart contracts in one place. Basically ZEC-level privacy with ETH-style programmability.

So, genuine question for this community: what use case would you want to see? A dApp, a private stablecoin application, a DeFi idea, a payment tool, anything.

I'm collating ideas across a few platforms and the best ones will get shortlisted for a poll on the Tari community forum, with a small XTM prize (50,000XTM) for the winner.

Drop your ideas below. Curious what people come up with.

I did some digging and it appears a sizeable amount of XTM could be out of circulation due to seizure of Trade Ogre assets by Canadian police ... any Canadian anons know how the legal process works and what could the potential fate of these tokens be ???

im gonna speculate and say 100m XTM may be out of circulation because of this?

https://x.com/DNodeCapital/status/2096591314376618298

$ZEC just crossed $1,000 The privacy narrative is strong, and ZEC is selling it hard: "private Bitcoin," a Swiss bank account in your pocket, a new era of compliant privacy.

So how does Tari compare? Same concept, confidential by default with optional disclosure, but arguably a cleaner execution under the hood supporting programable privacy I broke down exactly how it works (confidential vs revealed balances) here go give it a look and let's amplify this across CT. https://x.com/DNodeCapital/status/2095831506656674202

Thank you for your attention to this matter

Been seeing some "Tari is dead" takes and wanted to offer a different view, since a fair bit has changed recently.

I get where it came from, it was quiet for a while. But a few things have shifted:

- The Layer 2 (the Ootle) now has a firm launch date in November. That moves it from an open roadmap item to something concrete and close.
- The project moved to a community-run model, with an elected council and a contributor program. There's also a months-long community contest series running right now, which has brought a lot of activity back.
- The wider privacy-focused crypto space has been getting more attention generally, and Tari sits in that category.

Not financial advice, and I'm making no claims about price. I just don't think "dead" fits a project that's weeks from a major launch with an active community.

Curious what others think, especially anyone who stepped away during the quiet stretch.