Zenrock’s Wrapped Zcash Hits $15M in Volume, Expanding Privacy in Solana DeFi
zenZEC merges Zcash confidentiality with Solana’s high-speed DeFi ecosystem
Zenrock’s wrapped Zcash token, zenZEC, has surpassed $15 million in trading volume on the Solana blockchain since its October 31 launch.
Although modest compared to major crypto tokens, the milestone highlights a significant step for privacy-focused DeFi, combining Zcash’s confidential transactions with Solana’s fast infrastructure.
Aditya Dave, co-founder of Zenrock, noted:
“Privacy is core to crypto. Institutional flows via stablecoins have reduced it. zenZEC brings ZEC to Solana to unite speed with confidentiality.”
Backed 1:1 by Zcash, zenZEC leverages Zenrock’s decentralized multi-party computation (MPC) network, which splits private keys into shares across independent nodes, eliminating single points of failure while securing transactions.
The token trades on Solana’s Orca DEX and will soon be usable as collateral across DeFi protocols, giving Zcash holders authentic on-chain DeFi exposure. Since September, Zcash has surged 16-fold to $659, reflecting strong interest in privacy-focused crypto.
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