Whether COTI will “recover” depends on how you define recovery - price action, relevance, or ecosystem strength. While price is driven by market forces, COTI’s shift to COTI V2 shows that it’s focused on something more durable: building real infrastructure with long-term value. After launching in 2019 as a payment-oriented Layer 1, COTI went through early phases of hype, adoption, and eventual cooldown. Like many tokens, its market cap declined during broader bear cycles. But behind the scenes, the team didn’t pause. Instead, they rebuilt the protocol from the ground up.
COTI V2 marks a strategic pivot. Instead of competing as another Layer 1, COTI is now positioning itself as a confidential computing Layer 2 on Ethereum - a far more focused niche with growing demand. By using garbled circuits, COTI enables privacy-preserving smart contract execution - a capability Ethereum doesn’t natively support. From a product roadmap perspective, this pivot is significant. COTI is no longer dependent on payment partnerships or DeFi hype to stay relevant. Instead, it’s becoming the infrastructure for a new class of private financial applications, enterprise integrations, and zero-knowledge-based tooling.
COTI also continues to support and operate Djed, the official Cardano stablecoin, which provides it with steady external utility and visibility in a separate ecosystem. Will the price recover? Possibly but that’s not what the team is building around. COTI’s recovery is being driven by technological evolution, not speculation. If adoption of confidential computing in Web3 grows, COTI could be a leading player in that category.
In short, COTI isn’t betting on a comeback - it’s evolving to stay ahead.