The share in the privacy-focused altcoin was fixed at 23%.

Zcash shows that the share of hidden balances in the total supply has stabilized at 23 percent. This indicates that interest in privacy usage continues and that demand for this sector of the market has not retreated. In the first quarter of the year, as the privacy theme gained strong momentum within the crypto market, this interest was most prominently reflected in the Zcash ecosystem.

The ratio of Zcash's shielded supply, representing private transactions, has increased significantly in a short period. Although the excitement around the token has normalized somewhat in recent months, the retreat in the use of hidden balances shows that users are determined to adopt privacy features. The current picture indicates that a large segment of users maintaining their habits of utilizing these features has turned on-chain privacy transactions from a temporary trend into a practical necessity.

Moreover, the interest in privacy is not limited to Zcash. Projects like Monero are also experiencing a revival in terms of usage and price. This reveals that the market is assessing various privacy solutions instead of focusing on a single protocol. Simultaneously, teams in different blockchain networks have been observed to accelerate their development of compatible privacy features.

Analysts believe that the narrative of privacy will remain on the agenda independent of the speculative fluctuations expected towards 2026. Particularly, the increasing prevalence of stablecoin payments and daily on-chain transfers is making the issues created by the open ledger structure more apparent. Making a payment with a wallet means exposing the entire balance and transaction history to the other party. This situation creates serious privacy concerns in both trade and individual usage.

This fundamental contradiction between blockchain transparency and user privacy makes privacy solutions inevitable on the path for cryptocurrencies to become daily payment instruments. Therefore, although interest may shift to other areas, privacy technologies are expected to maintain their importance in the long run.