Key Highlights
- Zcash generated $112.6 million, trailing only Tron ($204.8M) among Layer 1s and ranking fourth overall. It leapfrogged Avalanche, Polygon, Bitcoin, Solana, and Ethereum from near-zero visibility in September 2025.
- Daily transactions on Zcash hit an all-time high of 73.8K in November 2025, with the surge tied to late-2025 privacy debates, Zooko Wilcox appearances, zk-SNARKs adoption, and users choosing Zcash over Monero for selective privacy.
- The U.S. SEC closing its Zcash investigation in January 2026 with no action, further fueled interest in the network.
Zcash, the privacy focused blockchain network, is now ranking second among all blockchain in 30 days fees. The shift follows renewed interest in Zcash’s on-chain activity, largely occurring after recent debates around privacy in crypto from late 2025.
As per TokenTerminal data, the network has generated over $112.6 million in the past 30 days, trailing only behind Tron’s $204.8 million in Layer 1 blockchain segment, and overall at the fourth position among all crypto projects.
Zcash was nowhere to be found in September 2025 charts but it swiftly overtook a number of prominent blockchain like Avalanche, Polygon, and even Bitcoin. Alongside the jump in fees, Zcash also witnessed stark spikes in ZEC transactions volume, gaining an edge over its closest competitor Monero.
Behind Tron and Zcash, Solana and Ethereum positioned themselves at third and fourth place, generating $26.9 million and $19.2 million in fees, respectively. Overall, Tron has continuously dominated the chart, with the majority of transactions volume and fees coming through USDT transfers.
Surge in Zcash’s popularity
Onchain data, tracked by BitInfoChats, further reveals that Zcash witnessed a significant surge in its transaction volumes from October 2025. It peaked at 73.826K in November 2025, which is decent compared to other popular blockchain networks like Ethereum, Tron, or Solana, but highest in the history of the network itself.
Zcash’s resurgence is not just about raw numbers, it’s also tied to a broader pushback against creeping surveillance in crypto. Late 2025 saw heated debates kick off around privacy tools, from regulatory roundtables featuring Zcash Founder Zooko Wilcox to prominent voices questioning Bitcoin’s transparency in the face of advanced chain analysis.
At the time, a number of high-profile figures and institutions started openly eyeing privacy coins as a hedge, especially as concerns grew over traceable ledgers clashing with real financial confidentiality needs.
This narrative shift lit the fuse and Zcash went from off the radar to drawing serious capital inflows. Its shielded pool adoption climbed steadily and users rotated into ZEC for its zk-SNARKs edge over competitors like Monero in selective transparency.
This explosion, essentially reflecting the surge in fees, led to ZEC demand as people started paying up to use the privacy features. Moreover, the U.S. SEC ending its probe on Zcash in January 2026 further fueled the interest in the network. All these developments collectively pushed Zcash ahead of chains with far bigger ecosystems.
At the time of publishing, ZEC trades near $290, up nearly 28% in the past seven days. Although the legacy cryptocurrency is still down 95% from its all-time high of $5,941—marked nine years ago on October 29, 2016—as per CoinMarketCap data.
Also read: RLUSD Enters CoinMarketCap’s Top 50 as Binance Opens XRPL Deposits
