Cypher is a decentralized trading and expiry-futures protocol built on Solana that aimed to replace centralized exchanges for on-chain derivatives. Cypher's Twitter Score is 57 out of 1000 (a Good rating) as of July 2026, ranking #17,559 (top 5%) among 531,432 tracked accounts.
Cypher raised a $2.1M seed round in November 2021, co-led by Sino Global Capital, SkyVision Capital, and Blockwall Capital. The protocol was formerly integrated with Serum and previously used Pyth Network as its price-feed provider. Cypher has posted 2,819 times on the platform, though the account has shown no activity for roughly two years, suggesting the project is no longer operational.
Cypher suffered a significant exploit in August 2023 that drained approximately $1M from the protocol, prompting the team to freeze its smart contracts. The situation worsened in May 2024, when core contributor Hoak admitted to misappropriating funds from the hack-reimbursement pool; founder Barrett subsequently referred the matter to law enforcement. Cypher has been mentioned by 60 accounts a total of 134 times.
Who follows Cypher on X?
The accounts that follow Cypher include 175 founders, 44 angel investors, 163 influencers and 8 VCs. Among them are Toly, Ansem, John Wang, DeFi Dad defidad.eth, DEGEN NEWS and Soby.