Zcash Leads in Hype — But Monero (XMR) Is Quietly Dominating Where It Matters

Privacy coins, led by Zcash (ZEC) and Monero (XMR), are a major crypto narrative. Although ZEC currently boasts higher daily spot trading volume, often nearing $1 billion, Monero demonstrates superior underlying utility and stability. Data from BitInfoCharts shows XMR averaging about 26,000 daily on-chain transactions, more than triple ZEC's 8,000, indicating more consistent user adoption for anonymous transfers. ZEC's volume surges appear tied to temporary speculative excitement, leading to higher volatility, such as a recent 40% price drop compared to XMR's 12% decline. Furthermore, a MEXC Research report highlighted that Monero accounted for 93% of total privacy coin trading volume and 72% of users in Q3-Q4, reinforcing its dominance where real usage matters. Experts predict privacy coins will remain a dominant narrative in the coming years.

(Source：BeInCrypto)