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 of encrypted addresses has reached 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 improve efficiency by allowing private transactions to be processed thousands of times per second.

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