Avalanche and AVAX (+9.0%) showed strong performance, while laggards included ICP (-18.1%) and BTC (+2.4%). The CoinDesk 20 is a broad-based index traded on multiple platforms across several regions globally.
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### Inside Zcash: Encrypted Money at Planetary Scale
*By CoinDesk Research | Nov 3, 2025*
*Commissioned by Gen Zcash*
Zcash has undergone a significant transformation in 2025, evolving from niche privacy technology into a fully functioning encrypted-money network. This evolution is marked by substantial growth in shielded adoption and a shift towards privacy becoming standard practice.
Currently, between 20-25% of circulating ZEC is held in encrypted addresses, while 30% of all transactions involve the shielded pool. This increase in privacy usage is largely attributed to the Zashi wallet, which has made shielded transfers the default option, pushing privacy from being optional to a standard feature.
Additionally, Project Tachyon, led by Sean Bowe, is underway to amplify transaction throughput to thousands of private transactions per second, further enhancing Zcash’s scalability and usability.
Zcash’s advancements have recently led it to surpass Monero in market share, establishing it as the largest privacy-focused cryptocurrency by capitalization.
Stay tuned for more updates as Zcash continues to develop its zero-knowledge architecture and expand its encrypted transaction ecosystem.
https://www.coindesk.com/coindesk-indices/2025/11/05/coindesk-20-performance-update-sui-gains-9-6-leading-index-higher