Zenrock’s zenZEC merges Zcash’s privacy with Solana’s speed, signaling rising demand for secure, privacy-focused DeFi solutions since its October 31 launch.
Zenrock’s wrapped Zcash token zenZEC has reached $15 million in trading volume on Solana since launching October 31. Backed 1:1 by native ZEC and leveraging Zenrock’s decentralized MPC network, zenZEC integrates Zcash’s privacy features with Solana’s high-speed transactions. The MPC system splits private keys into independent secret shares across third-party-operated nodes, eliminating single points of failure. zenZEC enables Zcash holders to participate in Solana-based DeFi for the first time in seven years, with active liquidity incentives on Orca and planned use as collateral in DeFi protocols. Zcash itself has surged in price and adoption, with shielded addresses holding 20–25% of circulating ZEC and 30% of transactions involving the shielded pool.