CoinDesk 20 Update: AAVE Dropped 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 of 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 for users. 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 has surpassed Monero in terms of market capitalization, becoming the largest privacy-focused cryptocurrency.