Common Launches Web App for Private Multichain Transactions

Common, a new privacy-first decentralized finance (DeFi) platform, has launched its Web App, marking a significant milestone in the crypto space. Built on Aleph Zero’s infrastructure, the platform enables users to conduct private transactions across multiple blockchains with subsecond proving times, eliminating the need for waiting periods or technical barriers. The Web App, which supports Arbitrum and Aleph Zero’s EVM, is designed to be user-friendly, allowing users to shield their transaction history and trade privately in a fraction of a second. The mobile version of the app is set to launch at the end of May, further expanding the platform's accessibility and ease of use.

The platform serves as an intuitive interface for Aleph Zero’s Shielder Network, a system of smart contracts, relayers, and zero-knowledge cryptography that facilitates private transactions across multiple chains. This infrastructure allows users to protect their onchain activity without relying on centralized exchanges. The core feature of the platform is “Shielding,” which involves depositing tokens into a shielded pool to break the link between public wallet activity and future transactions. Users can later unshield by withdrawing to a fresh public address, maintaining privacy throughout the process. Unlike other privacy solutions, Common does not commingle funds, preserving full provenance for compliance or auditing if needed.

Adam Gagol, Co-Founder of Aleph Zero and Co-Creator of Common Labs Inc., emphasized the importance of privacy in crypto, stating, “Privacy shouldn’t be a luxury in crypto. It should be the default.” He highlighted that the platform delivers privacy in a way that anyone can use, without the need for plugins or compromises, and without trusting a third party. The launch of Common represents a significant step towards building a truly private, multichain financial layer for web3.

The Common Web App is compatible with popular wallets such as MetaMask, Ledger (via Metamask), and Rabby, requiring no migration and allowing users to begin transacting immediately. The Mobile App will offer the same privacy benefits in a mobile-native experience, including fiat on-ramp support via Banxa and seamless dApp connectivity. As a non-custodial and completely decentralized platform, Common adheres to core DeFi principles, with the entire platform built on open-source, audited smart contracts, allowing users to verify rather than trust the system.

This launch is the first step in a larger rollout of Common’s ecosystem. Future features will include Shielded Yield, allowing users to earn yield on shielded assets without exposing wallet activity, and Smart Yield, automated strategies designed to optimize returns hands-free. The platform also plans to introduce Staking Rewards, aligning platform growth and user commitment by distributing a share of privacy fees and yield success fees to stakers. Additionally, Common aims to extend privacy support to key EVM chains and emerging Layer-2 networks, enabling private asset transfers between supported blockchains, and streamlining access to/from TradFi via off-ramps, IBAN support, and crypto payment cards for everyday use.

For more information about Common and to apply for early access, users can visit the official website. Common is poised to revolutionize the DeFi space by making financial privacy simple, accessible, and multichain, empowering users to take control of their on-chain privacy with intuitive UX, fiat on-ramps, and non-custodial architecture.