SUI Increased by 9.6% and Elevated to CoinDesk 20

Summary

SUI strengthened the CoinDesk 20 index with a 9.6% increase. This rise stands out among market-focused cryptocurrencies.

Key Developments

Zcash (ZEC) has seen a significant increase in encrypted transactions. Currently, 20-25% of the ZEC in circulation is held in encrypted addresses. Additionally, transactions conducted through the encrypted pool are recorded at a rate of 30%.

Zashi Wallet has made encrypted transfers the default, turning privacy from an option into a standard practice. This allows users to conduct transactions with greater privacy.

Project Tachyon is an initiative led by Sean Bowe. The aim of this project is to increase the number of private transactions to thousands per second.

Meanwhile, Zcash has overtaken Monero in terms of market share, achieving the position of the largest privacy-focused cryptocurrency by market capitalization.