#ZEC上涨隐私推动 $ZEC ZEC's increase in 2025 exceeds 700%. The core driving force behind this surge is the significant increase in market privacy demand due to tightening global regulations, compounded by factors such as technological optimization and institutional recognition, which amplify the market trends. The specific logic is as follows:
1. Privacy demand becomes a market igniter: With global cryptocurrency regulations tightening, the implementation of the EU MiCA legislation, and the strengthening of anti-money laundering frameworks in the United States, the traceable characteristics of mainstream on-chain transactions have made privacy trading a scarce demand. The balance of ZEC's shielded pool has increased by 25% within a month, and currently, 30% of ZEC is in a protected state. Its optional privacy features and compliant design for viewing keys are more favored than other hardcore privacy coins. In August, the demand for privacy had already manifested through the growth of shielded pool data, becoming a core driving force for the initial rise.
2. Technical upgrades consolidate privacy core competitiveness: On one hand, the Orchard protocol upgrades integrate the Halo 2 proof system, eliminating trusted setups and improving the efficiency of private transactions, leading to a significant influx of funds into the corresponding Orchard pool; on the other hand, in December, Shielded Labs proposed a dynamic fee proposal, pricing based on the median fee of the last 50 blocks' transactions, and set up priority channels, which can avoid network congestion and high transaction fees while maintaining privacy features. Following this news, ZEC saw an increase of nearly 14% in 24 hours. Additionally, Starknet's Ztarknet brings scalable programmability and post-quantum security to ZEC, further strengthening the foundation of privacy technology.
3. Institutional layout amplifies the upward trend: Institutional recognition of ZEC continues to deepen, with Grayscale restarting the ZEC trust and planning to convert it into a spot ETF, the Winklevoss brothers' Zcash Treasury Fund has purchased 200,000 ZEC, and Reliance Global has shifted its entire digital asset portfolio to ZEC. These actions not only bring stable capital inflows to ZEC but also enhance its credibility in the privacy coin sector, attracting more capital to follow suit and pushing the price from purely demand-driven to an accelerated upward phase.
4. Regulatory compliance expectations strengthen the rationality of the rise: The SEC invited Zcash's founder to participate in a mid-December roundtable on 'Privacy and Financial Monitoring,' and relevant regulations have made ZEC a compliant investment tool recognized by institutions, breaking the inherent perception that privacy coins exist in a regulatory gray area. This positive signal on the compliance front has alleviated the concerns of investors who were hesitant due to privacy attributes, further releasing buying demand, and shifting ZEC's narrative from 'avoiding regulation' to 'compliant privacy protection', aligning better with the market's long-term allocation logic.
