Tusima Network (TSM) Explained: Privacy‑Focused Layer 2 Crypto
Oct, 4 2025
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How Liquidity Affects Your Trades
Tusima Network's TSM token has extremely low liquidity, with daily trading volume under $2K. This means even small trades can cause significant price movements. The calculator below estimates potential slippage based on current market data.
Estimated Slippage
Trying to figure out whether Tusima Network is worth a closer look? You’re not alone. The crypto world is flooded with privacy coins, but only a handful claim to blend regulatory compliance with real‑world business use. This guide breaks down the tech, tokenomics, market standing, and practical steps you need to decide if TSM belongs in your portfolio or development roadmap.
What is Tusima Network?
Tusima Network is a Layer 2 privacy‑first blockchain built on zk‑rollup technology. Launched in 2022, the network aims to bridge Web3.0 applications with real‑world business processes through what the team calls “controllable privacy.” In plain English, transactions stay hidden on‑chain, but authorized parties can reveal specific data when regulators demand it.
Technical Architecture
At the core, Tusima relies on three cryptographic pillars:
- Zero‑knowledge proof (ZKP) validates transactions without exposing the underlying data.
- Recursive proof compresses multiple ZKPs into a single proof, cutting verification costs.
- Homomorphic encryption enables computation on encrypted data, so financial calculations can happen without ever decrypting the inputs.
These components sit inside a Multi‑Version Database (MVD) model that treats accounts like mutable objects rather than the static UTXO set used by Bitcoin‑style privacy coins. The MVD approach lets enterprises update balances or permissions without rebuilding the entire ledger, a feature highlighted in the project’s 2023 whitepaper.
Controllable Privacy and Business Use Cases
The term “controllable privacy” is more than marketing fluff. It means the network embeds selective disclosure keys directly into transaction metadata. A regulator or compliance officer can request a proof that a specific transaction satisfies AML/KYC rules without seeing the full transaction history. This satisfies GDPR‑style data‑subject rights while keeping the bulk of the ledger opaque.
Potential use cases include:
- Confidential enterprise payments where invoices need verification but not public exposure.
- Supply‑chain tracking of high‑value goods that require both privacy and auditability.
- Decentralized finance (DeFi) platforms needing to prove solvency to regulators without revealing user balances.
Because the privacy layer is built into the consensus layer, developers don’t need to add off‑chain encryption wrappers; the network handles it natively.
Tokenomics & Market Data
The native token, TSM, is a BEP‑20 asset on the BNB Chain. The contract address (as of the 2023 migration) is 0x2bD236Ad144753bD5839D82c46eE2C2225B9E0C0. Sources differ on maximum supply - CoinCarp lists 1 billion tokens, while CoinStats mentions 10 billion. The most widely cited figure is 1 billion, with a circulating supply of roughly 120 million as of October 2023.
Market capitalization hovers around $440 K, placing the project well outside the top‑500 crypto assets. Daily trading volume stays under $2 K, making price swings highly sensitive to even modest orders. The token’s price fell from an all‑time high of $0.00586 in December 2024 to $0.00044 in October 2025, a 92 % drop.
How Tusima Stacks Up Against Other Privacy Solutions
Below is a quick side‑by‑side look at Tusima and four well‑known privacy projects. The table focuses on the dimensions most relevant to businesses: regulatory compliance, transaction speed, ecosystem maturity, and market liquidity.
| Project | Privacy Model | Compliance Friendly? | TPS (claimed) | Market Cap (Oct 2025) |
|---|---|---|---|---|
| Tusima Network | Controllable privacy via zk‑rollup + homomorphic encryption | Yes - selective disclosure built‑in | ~5,000 (unverified) | $0.44 M |
| Monero (XMR) | Ring signatures, stealth addresses (full anonymity) | No - no built‑in selective disclosure | ~1,000 | $2.8 B |
| Zcash (ZEC) | Selective disclosure via zk‑SNARKs (optionally shielded) | Partially - shielded transactions can be disclosed | ~2,500 | $320 M |
| Aztec Network | zk‑Rollups on Ethereum (confidential transactions) | Yes - proof‑of‑knowledge can be revealed to auditors | ~3,000 | $210 M |
| Optimism | Optimistic rollup (no privacy layer) | No - focuses on scalability | ~4,500 | $1.1 B |
Community, Development, and Adoption Challenges
Development activity is moderate. The GitHub repo (tusima-network/core) shows 12 contributors, 86 closed issues, and a recent commit adding detailed MVD examples (Sept 2023). The team communicates through a Telegram group of ~4,800 members and a Discord channel for developers. While technical transparency has improved, community sentiment remains cautious. Reddit users flag the ultra‑low liquidity as a price‑manipulation risk, and Trustpilot reviews describe “slippage nightmares” on PancakeSwap.
Adoption hurdles include:
- Liquidity scarcity: Daily volume under $2 K makes even small trades shift the market dramatically.
- Enterprise integration complexity: Companies must overhaul existing ERP systems to talk to the zk‑rollup API.
- Competitive pressure: Established privacy stacks like Aztec and Secret Network already have institutional pilots.
On the upside, the project announced partnerships with three Southeast Asian payment processors in late 2023, a move that could gradually feed real‑world transaction volume into the network.
How to Get Started with Tusima
If you’re a trader, the steps are straightforward:
- Install a BNB‑Chain compatible wallet (MetaMask, Trust Wallet, or Binance Chain Wallet).
- Switch the network to BNB Chain Mainnet and add the TSM contract address.
- Purchase BNB on an exchange, then swap it for TSM on PancakeSwap or a similar DEX.
- Transfer TSM to a hardware wallet if you plan to hold long‑term.
Developers who want to build on Tusima should follow the 45‑minute onboarding guide on the official site:
- Clone the tusima-network/core repo.
- Set up a BNB‑Chain testnet node (or use the public RPC).
- Deploy a simple confidential transfer contract using the supplied Solidity templates.
- Run the example script that creates a zero‑knowledge proof and broadcasts it.
Knowledge of Solidity, ZKP libraries (like snarkjs), and basic cryptography is essential. Expect a learning curve similar to other privacy‑first Layer 2 platforms.
Future Roadmap & Outlook
Looking ahead, Tusima’s roadmap outlines three major milestones:
- Q2 2024: Integration with ERP systems (SAP, Oracle) for automated confidential invoicing.
- Q4 2024: Expansion to Ethereum mainnet via a cross‑chain bridge, allowing assets to flow between BNB and Ethereum while preserving privacy.
- 2025: Targeted institutional pilots in Southeast Asia, leveraging the “controllable privacy” feature to meet local regulator requirements.
Analysts at Delphi Digital argue that the niche of regulatory‑compliant privacy could attract institutional capital, even if today’s retail interest is low. However, the token’s price volatility and limited liquidity remain red flags for risk‑averse investors.
Frequently Asked Questions
What makes Tusima Network different from Monero?
Monero provides total anonymity with no built‑in way to disclose transaction details. Tusima introduces “controllable privacy,” letting businesses reveal specific data to regulators while keeping the rest of the ledger hidden.
Is the TSM token ERC‑20 or BEP‑20?
TSM is a BEP‑20 token on the BNB Chain. It was migrated to a new contract address in 2023, but the token standard remains BEP‑20.
Can I use Tusima for anonymous personal transactions?
While Tusima hides transaction details by default, the controllable privacy model is optimized for enterprises that may need to disclose data later. For pure anonymity, privacy coins like Monero or Zcash are more suitable.
How do I create a zero‑knowledge proof on Tusima?
The official SDK includes a CLI command tusima prove --tx txID that generates a recursive proof. The proof is then attached to the transaction payload and broadcast to the network.
Is there a mainnet launch already?
The mainnet went live in Q1 2024 after a successful testnet phase in 2022‑2023. Since then, the team has been adding features like cross‑chain communication and ERP integrations.
What are the biggest risks to investing in TSM?
Low liquidity, a small holder base, and intense competition in the privacy sector are the main concerns. Price swings can be extreme, and regulatory shifts could affect the demand for controllable privacy solutions.
