Zcash weekly shielded transactions reach highest level since 2022
Zcash recorded 62,379 shielded native transactions last week, marking its highest weekly total since 2022 and the fourth-highest on record according to the Zcash Open Development Lab.
A total of 62,379 shielded native transactions were recorded on the Zcash network last week, according to data from the Zcash Open Development Lab (Zodl). The tally marks the highest weekly shielded activity for the privacy network since 2022 and represents the fourth-highest weekly volume across its historical on-chain records.[1][2]
The resurgence in shielded activity coincided with strong market performance, with Zcash gaining 36% over seven days and rising 216% year to date to reach $1,610. Meanwhile, social media user @alexxxx attributed the multi-year high in transaction activity to the @zksnarks_ project, claiming it prompted many users to shield Zcash for the first time.[2][3]
Key facts
- Zcash recorded 62,379 shielded native transactions last week, according to the Zcash Open Development Lab.
- The transaction volume was Zcash's highest weekly total since 2022 and the fourth-highest week in the project's recorded on-chain history.
- Zcash increased 36% over a seven-day span and reached $1,610, representing a 216% year-to-date gain.
- X user @alexxxx credited the @zksnarks_ project for driving the four-year peak in shielded transactions, claiming it led numerous users to shield ZEC for the first time.
Sources · 3 sources
- CB
Crypto Banter@crypto_banterPost on X ·
🚨ZCASH SHIELDED TXS HIT A 4-YEAR HIGH! @zodl_co says 62,379 shielded zcash:native transactions went through last week, the most since 2022 and the fourth-highest week on their record. That is the product getting used. Privacy only matters for Zcash if coins actually move inside the shielded pool.
Open source - BS
BSCN@BSCNewsPost on X ·
Zcash Shielded Activity Returns to Levels Not Seen Since 2022 Zcash zcash:native shielded activity is showing a sharp resurgence after years of relatively low usage. A total of 62,379 shielded transactions were recorded last week. This marks the highest weekly total since 2022, according to Zcash Open Development Lab. The figure also ranks fourth in the chart's full on-chain series. Zcash has also surged 36% over the past seven days. The token is up 216% year to date, reaching $1,610.
Open source - AL
alex@alexxxxPost on X ·
Shoutout to @zksnarks_ for Zcash shielded transactions reaching a four year high. A lot of people shielded Zcash for the first time ever due to this project and that is very much being overlooked. https://t.co/3k0C7sO7t9
Open source