Obscuro Labs

Name: Obscuro Labs
Brand: Obscuro Labs

AI Native

Contributing to the TEN Network. An L2 that encrypts Ethereum

Est 2022|Raised $18M

LinkedIn 594|Website|FTEs 16

01Competitive Landscape

Narrative analysis

TEN vs Aztec: Both address privacy on Ethereum, but TEN emphasizes TEEs while Aztec emphasizes cryptographic privacy via ZK. If the security model rejects TEEs, Aztec may be better aligned; if a team prefers to avoid ZK tooling and associated proving costs, TEN may be considered.
TEN vs Optimism/Arbitrum: Optimism and Arbitrum have greater adoption and liquidity; they are often the default choice when base-layer confidentiality is not required. TEN targets a narrower confidentiality-focused use case.

- TEN vs Aztec: Both address privacy on Ethereum, but TEN emphasizes TEEs while Aztec emphasizes cryptographic privacy via ZK. If the security model rejects TEEs, Aztec may be better aligned; if a team prefers to avoid ZK tooling and associated proving costs, TEN may be considered. - TEN vs Optimism/Arbitrum: Optimism and Arbitrum have greater adoption and liquidity; they are often the default choice when base-layer confidentiality is not required. TEN targets a narrower confidentiality-focused use case.

Market share/adoption signals (directional)

Public metrics indicate Optimism and Arbitrum have historically held the larger share of L2 TVL; TEN appears earlier-stage by comparison. Standardized metrics for TEN adoption were not found in the reviewed sources.

	TEN (Obscuro Labs)	Aztec Network	Optimism
Starting price	Network gas/fees (protocol-based; not SaaS)	Network fees (protocol-based)	Network fees (protocol-based)
Primary use case	Applications needing confidentiality on EVM-like execution; iGaming/AI-agent patterns; MEV-sensitive workflows	Applications seeking privacy via ZK rollup approach; privacy-first smart contracts	General-purpose Ethereum scaling with broad ecosystem and adoption
Key strength	TEE-based confidentiality; selective transparency concept; EVM adjacency	ZK-privacy focus; established visibility and funding	Largest ecosystem effects among the three; strong integrations and liquidity
Key weakness	TEE trust and hardware attack surface; smaller ecosystem; limited mainstream reviews	ZK tooling complexity and prover constraints; network maturity risk	No built-in protocol confidentiality; privacy typically provided at the application layer; MEV not fully eliminated

Obscuro Labs

01Competitive Landscape

Narrative analysis

Market share/adoption signals (directional)

02Market Map

01Competitive Landscape

Narrative analysis

Market share/adoption signals (directional)

02Market Map