Zcash Market Update: ZEC Rises 9% as Shielded Pool Reaches 4.97M

ZEC traded at $1,342.73 on October 12, posting a 24-hour gain of 9.08%, with market capitalization at $22.79 billion and trading volume of $880.93 million. The asset ranked tenth by market cap.

The Zcash shielded pool reached 4.97 million ZEC, adding 1,216 ZEC in the prior 24 hours and representing 29.25% of total ZEC supply. Network height stood at 3,514,844, with the next halving 891,556 blocks away. Network difficulty was 254,177,780.

On-chain transaction activity for October 11 totaled 6,278, down 3.74% from the prior day. Of those transactions, 42.72% involved the shielded pool, down 3.38 percentage points, with 1,040 shielded-only transactions and 1,642 mixed transactions.

The Grayscale Zcash Trust (ZCSH) held net assets of $674.22 million, up 2.78%, with a market price of $32.02 as of October 9.