SphereX provides an on-chain security solution that prevents malicious transactions from finalizing during smart contract execution, ensuring continuous operation and compliance for Web3 applications. By implementing real-time transaction analysis and damage prevention mechanisms, SphereX protects businesses from cyber threats and operational disruptions.
Funding
Funding not disclosed
Founders
Product
Problem
Web3 applications are vulnerable to cyber attacks and exploits that can lead to smart contract failures, operational disruptions, and financial losses. Existing security measures often fail to prevent zero-day exploits and unauthorized manipulations during smart contract execution.
Solution
SphereX provides an on-chain security solution that prevents malicious transactions from finalizing during smart contract execution, ensuring continuous operation and compliance for Web3 applications. By implementing real-time transaction analysis, SphereX allows legitimate transactions to continue to be processed while reverting malicious transactions, preventing damage to the smart contract and its users. The platform enables defining and enforcing rules and limits to prevent damages caused by third parties or human error.
Target Audience
SphereX targets Web3 application developers, DeFi protocols, and TradFi institutions deploying blockchain-based capabilities that require continuous operation, cyber resilience, and compliance with regulatory requirements.
Features
- Real-time transaction analysis to detect and revert malicious activity before it's finalized.
- On-chain security control layer for policy enforcement and compliance with regulatory requirements.
- Security patching mechanism for quick remediation of discovered exposures, preventing exploitation by hackers.
- Legitimate behavioral baseline creation to detect and revert zero-day attacks or abnormal transactions.
- Compatibility with mandatory standards derived from regulatory frameworks in cyber aspects and prevention of illegal activity.