
Nillion is executing its Encrypted Markets roadmap across seven phases that build toward privately settled onchain trading. The first phase, Dusk (Aug–Nov 2026), brings Covenants to Ethereum L1 with the first app already live, condition-gated events, permissionless nodes, tokenomics, a node kit, and an SDK.
Phase two, Darkfall (Nov 2026–Feb 2027), expands Covenants further. The roadmap follows Dusk's launch on Sepolia and the first Covenants-powered app going live on testnet, with NIL also recently debuting on Hyperliquid and Upbit alongside a new website. Founder John Alan Woods laid out the full seven-phase plan as part of the August recap.
Nillion
Nillion is building a public network based on the invention of a new cryptographic primitive, Nil Message Compute (NMC)