Zcash’s shielded supply holds firm at 23% as privacy adoption proves sticky

Zcash's shielded supply market share has stabilized around 23%, a significant increase from approximately 8% at the start of 2025, suggesting that users who adopted privacy features have remained engaged despite the normalization of speculative hype around the ZEC token.

This sustained adoption highlights a broader trend where privacy solutions are gaining traction across the crypto space, evidenced by projects like Monero also seeing gains. The relevance of privacy is expected to continue into 2026, driven by practical needs as mainstream on-chain transactions increase.

The core driver for this continued relevance is the fundamental conflict between the transparency of public blockchains and the privacy required for commercial and personal payments, as exposing full wallet histories creates friction for everyday use.

(Source：The Block)