Zenrock’s Wrapped Zcash Surpasses $15M in Volume, Bringing Privacy to Solana DeFi
zenZEC combines Zcash privacy with Solana’s fast DeFi ecosystem
Zenrock’s wrapped Zcash token, zenZEC, has recorded $15 million in trading volume on the Solana blockchain since launching on October 31.
While smaller than the multi-billion-dollar volumes of major crypto tokens, the milestone signals a major step for privacy-focused DeFi, integrating Zcash’s confidentiality features with Solana’s high-speed network.
Aditya Dave, co-founder of Zenrock, said:
“Privacy is core to crypto’s ethos. Institutional flows via stablecoins have reduced privacy, and zenZEC brings ZEC to Solana to pair speed with confidentiality.”
Backed 1:1 by Zcash, zenZEC uses Zenrock’s decentralized multi-party computation (MPC) network, splitting private keys into shares across independent nodes. This removes single points of failure while enabling secure transactions.
Trading is active on Solana’s Orca DEX, and zenZEC will soon be usable as collateral across DeFi protocols, giving Zcash holders true on-chain DeFi exposure. Since September, Zcash has surged 16-fold to $659, highlighting rising interest in privacy-centric crypto.
