Zcash Market Update: ZEC at $1,337 as Shielded Activity Grows

ZEC traded at $1,337.25 on October 6, up 1.60% over the previous 24 hours. Market capitalization stood at $22.69 billion, with daily trading volume of $805.85 million. ZEC maintained the #10 ranking by market cap.

Shielded-pool holdings totaled 4.94 million ZEC, representing 29.08% of circulating supply, down 0.01 percentage points in 24 hours. On-chain activity showed 7,007 transactions on October 5, a 22.91% increase from the prior day. Of those transactions, 39.22% involved shielded addresses (up 1.94 percentage points), comprising 956 shielded-only transactions and 1,792 mixed transactions.

The Grayscale Zcash Trust (ZCSH) reported net assets of $781.96 million as of October 5, with a market price of $35.75 per share. Settled flows totaled -$3.57 million.

On the network side, the blockchain height reached 3,507,973 with a difficulty of 358,231,835. The next halving was estimated 898,427 blocks away.