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Ethereum is no longer the leader in private crypto.
On January 1, 2024, there was $34.7m shielded $ZEC. Comparatively, private TVL on Ethereum was $357.2m:
- $343.6m in @TornadoCash
- $13.7m in @RAILGUN_Project
Now, after the recent ZEC rally, Zcash has flipped Ethereum in private TVL.
There is $2.6b shielded ZEC, and only $1.2b in TVL on privacy protocols on Ethereum.

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