Zcash ($ZEC ) Explodes: Grayscale Volume Doubles, Sets a New Privacy Record! ๐๐ก๏ธ
Privacy-focused coin Zcash (ZEC) is currently gaining significant attention in the market. According to recent reports, the trend has shifted both on the institutional and on-chain fronts.
Key Points:
๐ Increase in Trading Volume: The Grayscale Zcash Trust's daily trading volume reached approximately $1.7 million in April.
๐ Double from the previous month: According to NS3.AI, this is more than double the previous month (March), indicating increased institutional interest.
โ๐ Record Shielded Balances: Approximately 30% of Zcash's circulating supply is now held in "Shielded Balances" (private addresses). This is the highest ratio ever!
What does this mean?
The increased use of Zcash's privacy features and the doubling of volume at large trusts like Grayscale indicate that investors are turning back to "privacy coins." A record seven Shielded Balances is a strong sign of the network's security and adoption.
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#zcash #zec #Grayscale #CryptoNews #PrivacyCoins #Blockchain #ZECUpdate