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.