Zcash Privacy Network Mainnet Activity Sees Significant Increase, Average Daily Transaction Count Surges Over 1300% Since Price Rally

BlockBeats News, November 17th. The privacy-focused network Zcash (ZEC) has recently seen a significant increase in on-chain transactions on its mainnet, with the network becoming more active. In the past 24 hours, there have been 44,505 transactions, a more than 1300% increase from the daily average of around 3,000 transactions before the price surge of ZEC tokens began in early October.

On November 13th, the number of on-chain transactions on the Zcash mainnet reached a recent peak of 73,862 transactions, compared to a daily average of about 10,000 transactions in October. Additionally, the Zcash mainnet trading volume in the past 24 hours was 1,679,199 ZEC, equivalent to around 1.17 billion USD.

According to HTX market data, ZEC is currently trading at $716, with a 24-hour price change of 1.62%. When well-known Silicon Valley angel investor Naval said on October 1st that "ZCash is insurance against Bitcoin," ZEC was priced at around $75.