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Enterprise Note: Is this Zcash rally different?
Key Insights
- ZEC surged 1,019% YTD, outperforming other privacy coins. Rising usage through Zashi and NEAR Intents, rather than speculative trading, has helped fuel this rally.
- Privacy has outperformed every sector in crypto with a 300% gain YTD, making it the only sector besides Bitcoin and exchange tokens to post positive returns.
- Zcash accounts for an average of 24% of daily volume routed through NEAR Intents, second only to Bitcoin.
- Shielded supply at record 4.98M ZEC, 30% of circulating supply, marking a clear shift toward privacy use.
- Following Naval’s post, ZEC rallied 566% over the next month, with mindshare up 1,082% since. The endorsement reignited attention to privacy assets as a hedge within crypto.
Zcash Catches a Bid (again)
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Youssef is a Research Analyst on the Protocol Research team. Prior to joining Messari, Youssef was a Product Analyst at Fidelity Digital Assets. Youssef graduated from Northeastern University, where he led the Northeastern Blockchain club as President.
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