Zenrock’s Wrapped Zcash Hits $15M in Volume, Integrating Privacy into Solana DeFi
zenZEC brings Zcash privacy to Solana’s fast-growing 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 with major crypto tokens, this milestone is significant for privacy-focused DeFi, combining Zcash’s confidential transactions with Solana’s high-speed infrastructure.
Aditya Dave, Zenrock co-founder, emphasized the move’s importance:
“Privacy is core to the ethos of crypto. Institutional flows have dominated via stablecoins, sacrificing privacy. zenZEC brings ZEC to Solana, pairing speed with confidentiality.”
Backed 1:1 by Zcash, zenZEC leverages Zenrock’s decentralized multi-party computation (MPC) network, which splits private keys into secret shares distributed across independent nodes. This eliminates single points of failure while enabling secure transactions and public key generation.
The token is already trading on Solana’s Orca DEX and will soon serve as collateral across DeFi protocols, offering Zcash holders genuine on-chain DeFi exposure. Zcash itself has rallied 16-fold to $659 since September, reflecting growing demand for privacy-focused crypto.
