Solana Has Two 'Confidential Transfer' Systems in 2025 — Here Is How They Differ
Helius demonstrated a confidential transfer feature on Solana on September 7, prompting confusion about whether it was the same as Solana's native Token-2022 extension. The two are actually unrelated systems: Solana's native confidential transfer extension encrypts token balances in place on existing accounts, hiding amounts but not transaction parties, and was re-enabled on mainnet in June 2025 after five audits. Helius's own protocol, called Solana Rings and built by the acquired Light Protocol team, uses a shielded pool of encrypted notes to hide sender, recipient, and amount — but remains on devnet only as of September 2026. A key limitation of the native extension is that token issuers must opt in at the time of mint creation, making it unavailable for existing tokens. The two designs share a marketing category but differ fundamentally in architecture, trust assumptions, and deployment status.
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