CoinDesk 20 Update: AAVE dropped by 3.5%

CoinDesk 20 Performance Report

AAVE experienced a decline of 3.5% in the CoinDesk 20 index. However, there are significant developments regarding Zcash (ZEC). The adoption rate in encrypted addresses has reached about 20-25%. Additionally, 30% of transactions made with Zcash occur through encrypted pools.

The Zashi wallet has increased user privacy standards by making encrypted transfers the default option. This change is normalizing privacy practices.

Project Tachyon, led by Sean Bowe, aims to significantly enhance efficiency by enabling private transactions to occur thousands of times per second.

On the other hand, Zcash surpassed Monero in market capitalization, becoming the largest privacy-focused cryptocurrency.