Solana infrastructure company Helius acquires Light Protocol to advance on-chain privacy infrastructure
Odaily Odaily Planet Daily News Solana infrastructure company Helius has announced the acquisition of Light Protocol, whose team will refocus on developing Solana privacy solutions.
Light Protocol was founded in 2021, initially focusing on zero-knowledge proof-based privacy tools for Solana, before later shifting to co-develop ZK Compression with Helius. The solution, launched in 2024, aims to reduce data storage costs on the Solana blockchain using zero-knowledge proofs, supporting large-scale consumer and enterprise applications.
This acquisition will drive Light back to its original mission, combining its cryptographic expertise with Helius's infrastructure and distribution advantages to develop ZK privacy protocols for Solana, covering use cases such as private payments and private DeFi. Helius plans to open up relevant privacy infrastructure to developers in the coming months.
The transaction occurs against a backdrop of accelerated consolidation and tightening fundraising conditions in the crypto industry, while also echoing the rising demand for on-chain privacy. Helius founder Mert Mumtaz stated that privacy will become as fundamental to blockchain scaling as HTTPS was to the internet.
