Bera
Ethereum-Focused Crypto Trader
ZKsync's bigger update makes ZK fundamentally stronger while the privacy narrative runs hot. Vitalik congratulated the ZKsync team on this milestone; his previous shout-out preceded a threefold ZK move in 3-5 days in a similarly weak market. At a $180m market cap, how high could ZK go this time? x.comÂ
zkSync's collaboration with DTCC on Prividium privacy features strengthens the long-term bullish case for ZK by extending its institutional reach. Per zkSync, Matter Labs is providing privacy features as a collaborator on DTCC's Tokenization Service; DTCC handles custody and asset servicing for over $114 trillion in securities. x.com x.comÂ
Real money is showing up for privacy, one of the biggest narratives this year, which is good news for Zcash. Per @MSBIntel, Grayscale's Zcash ETF has raised over $1 billion in 30 trading days, ranking among the best ETF launches of the last ten years. x.comÂ
Berachain, Sonic, zkSync and Scroll lack the real economic activity needed to justify running their own financial systems. Aave is winding down on six chains that each made under $5k a quarter and set a roughly $2M annual revenue hurdle for new ones. The top five chains hold about 91% of stablecoins and TVL and 94.5% of chain fees. Berachain earns $22 a day in chain fees, Sonic's TVL is down 98.67% to $14M, zkSync earns $166 and Scroll $21. Crypto may end with only 5-10 real financial centers. … Show more
Midnight's NIGHT token could catch the privacy rotation as Zcash draws attention to the category, while private apps give it a reason to stay relevant. Zcash focuses on private payments; Midnight lets developers build privacy into apps like lending and identity checks, which @IOHK_Charles says could make it bigger than Zcash, and contracts now deploy freely on mainnet. Holding NIGHT generates DUST to pay fees, so apps may buy it for users, provided people actually use them. x.comÂ
Private payment rails are becoming a competitive necessity, and the privacy sector could expand 7x as stablecoin rails mature and institutions demand confidential execution by default. Privacy coins reached a $17.9b market cap; Zcash's shielded pool holds about 30% of supply, with rising shielded activity and a price above $500, and Aztec leads L2s in GitHub activity with live programmable privacy. Private payments should take a growing share of on-chain volume over the next 24-36 months. x.comÂ
