Secret Network Dilutes Supply 75% to Fund Its Own Survival

Secret Network minted 1.079 billion SCRT through its v1.26 community upgrade after Proposal 365 passed, cutting existing holders' collective share to about a quarter of the new total even as their token balances stay the same.

The mint is a survival mechanism: SCRT Labs, the Cosmos L1's core developer, ends its support on September 1, so the community voted to self-fund the chain. The new SCRT was split across foundation and core-development programs (299M each), an ecosystem fund (178M), and smaller buckets for advisors, R&D, validators, builders and remediation, with 308M liquid on day one and ongoing inflation set at 5%.

Holders were not airdropped anything; the dilution simply shrinks everyone's slice to keep development, infrastructure and validators funded. It also lands at a brutal moment: just four days ago Binance said it will delist SCRT on September 3, pulling the token from its largest order books only days after the developer exit.

Within a single week, Secret loses its lead developer, its biggest exchange's liquidity, and three-quarters of every holder's share, then leans entirely on community funding to survive. It is a stark test of whether community-run tokenomics can keep an orphaned Layer 1 alive.

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