Overview
- ZEC traded in the $600–$750 range after spiking to nearly $735, lifting its market value to roughly $10–$11.2 billion and marking its highest level since 2018.
- Derivatives activity surged with open interest led by Binance (~$340 million), Hyperliquid (~$332 million) and Bybit (~$157 million), while CoinGlass tracked about $51 million in short liquidations and over $59 million total.
- Shielded adoption expanded materially—roughly 20–30% of circulating ZEC now sits in encrypted addresses and the shielded pool approaches 5 million ZEC—reducing liquid supply.
- Product momentum includes the Zashi wallet, which makes shielded transfers simpler by default, and Project Tachyon upgrades, alongside deep spot liquidity with daily volume above $1.8 billion.
- Network economics strengthened as analysts flagged record miner profitability and a fast‑rising hash rate, while high‑profile investors such as Arthur Hayes disclosed sizable positions and promoted bullish targets.