CoinDesk 20 Update: AAVE down 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 20-25%. Additionally, 30% of transactions made with Zcash occur through encrypted pools.

The Zashi wallet has increased privacy standards by making encrypted transfers the default option, normalizing privacy practices.

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

Meanwhile, Zcash has surpassed Monero in market capitalization, becoming the largest privacy-focused cryptocurrency.