<p>Zcash 的隐私保护供应市场份额在 2025 年初约为 8% 后显著上升，目前稳定在 23% 左右。尽管 Zcash 的原生 ZEC 代币的炒作已趋于平稳，但隐私采用指标却保持稳定而非回落，表明对隐私保护交易的持续关注。</p>
<p>这种稳定性是在年初经历了一段急剧增长之后出现的，当时隐私解决方案在加密货币社区中引起了显著关注。目前的水平表明，采用隐私功能的用户大多仍然保持活跃。</p>
<p>隐私开发已超越 Zcash，其他项目也重新获得关注和价格表现。像 Monero 这样的项目已经取得显著增长，表明对隐私解决方案的兴趣正在多个实现中扩散，而不是集中在单一协议上。不同生态系统和区块链上的开发活动也加速，各个团队正在为其特定平台开发隐私增强功能。</p>
<p>隐私叙事似乎在 2026 年仍将保持相关性，这主要是由实际采用需求驱动，而非投机性动能。随着稳定币支付和主流链上交易的增加，隐私需求变得愈加明显。公共区块链的透明性为日常支付带来了摩擦。使用链上钱包进行交易会将您的完整钱包余额和交易历史暴露给对方，在商业和个人环境中产生明显的隐私问题。</p>
<p>区块链透明性与用户隐私之间的根本紧张关系表明，隐私解决方案在加密货币向实际支付应用转变时仍将保持相关性，即使投机性关注可能会转向其他叙事。</p>
<p><em>这是来自 The Block 数据与洞察通讯的摘录。深入了解构成行业最具启发性趋势的数字。</em></p>
<p>免责声明：The Block 是一家独立媒体机构，提供新闻、研究和数据。截至 2023 年 11 月，Foresight Ventures 是 The Block 的主要投资者。Foresight Ventures 还投资于加密领域的其他公司。加密交易所 Bitget 是 Foresight Ventures 的主要有限合伙人。The Block 继续独立运营，提供关于加密行业的客观、影响深远和及时的信息。以下是我们当前的财务披露。</p>
<p>© 2025 The Block. 版权所有。本文仅供信息参考。并不提供或意图作为法律、税务、投资、金融或其他建议。</p>

<p>Zcash 的隐私保护供应量在 2025 年初从 8% 上升至 23% 后已稳定，表明对隐私保护交易的持续关注。隐私的采用仍然强劲，像 Monero 这样的项目也在获得关注。对隐私解决方案的需求是由实际采用需求驱动的，因为区块链的透明性对交易构成了隐私担忧。预计这一趋势将持续到 2026 年，突显了隐私解决方案在加密货币中的相关性</p>

<p>Zcash's shielded supply market share has held steady around 23% after a notable climb from approximately 8% at the start of 2025. While hype around Zcash's native ZEC token has normalized, privacy adoption metrics have stabilized rather than reversed, indicating sustained interest in privacy-preserving transactions.</p>
<div class="lb-trans"><p>Zcash 的隐私保护供应市场份额在 2025 年初约为 8% 后显著上升，目前稳定在 23% 左右。尽管 Zcash 的原生 ZEC 代币的炒作已趋于平稳，但隐私采用指标却保持稳定而非回落，表明对隐私保护交易的持续关注。</p>
</div><p>This stabilization follows a period of sharp growth earlier in the year, when privacy solutions captured significant mindshare across the cryptocurrency community. The current levels suggest users who adopted privacy features have largely remained engaged with them.</p>
<div class="lb-trans"><p>这种稳定性是在年初经历了一段急剧增长之后出现的，当时隐私解决方案在加密货币社区中引起了显著关注。目前的水平表明，采用隐私功能的用户大多仍然保持活跃。</p>
</div><p>Privacy development has expanded beyond Zcash, with other projects capturing renewed attention and price performance. Projects like Monero have seen notable gains, indicating that interest in privacy solutions is spreading across multiple implementations rather than concentrating in a single protocol. Development activity also accelerated across different ecosystems and blockchains, with various teams working on privacy-enhancing features tailored to their specific platforms.</p>
<div class="lb-trans"><p>隐私开发已超越 Zcash，其他项目也重新获得关注和价格表现。像 Monero 这样的项目已经取得显著增长，表明对隐私解决方案的兴趣正在多个实现中扩散，而不是集中在单一协议上。不同生态系统和区块链上的开发活动也加速，各个团队正在为其特定平台开发隐私增强功能。</p>
</div><p>The privacy narrative appears positioned for continued relevance into 2026, driven by practical adoption needs rather than speculative momentum. As stablecoin payments and mainstream onchain transactions increase, privacy requirements become more apparent. The transparency of public blockchains creates friction for everyday payments. Using an onchain wallet for transactions exposes your complete wallet balance and transaction history to counterparties, creating obvious privacy concerns in commercial and personal contexts.</p>
<div class="lb-trans"><p>隐私叙事似乎在 2026 年仍将保持相关性，这主要是由实际采用需求驱动，而非投机性动能。随着稳定币支付和主流链上交易的增加，隐私需求变得愈加明显。公共区块链的透明性为日常支付带来了摩擦。使用链上钱包进行交易会将您的完整钱包余额和交易历史暴露给对方，在商业和个人环境中产生明显的隐私问题。</p>
</div><p>This fundamental tension between blockchain transparency and user privacy suggests privacy solutions will remain relevant as cryptocurrency moves toward practical payment applications, even if speculative attention cycles through other narratives.</p>
<div class="lb-trans"><p>区块链透明性与用户隐私之间的根本紧张关系表明，隐私解决方案在加密货币向实际支付应用转变时仍将保持相关性，即使投机性关注可能会转向其他叙事。</p>
</div><p><em>This is an excerpt from The Block's Data &amp; Insights newsletter. Dig into the numbers making up the industry's most thought-provoking trends.</em></p>
<div class="lb-trans"><p><em>这是来自 The Block 数据与洞察通讯的摘录。深入了解构成行业最具启发性趋势的数字。</em></p>
</div><p>Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.</p>
<div class="lb-trans"><p>免责声明：The Block 是一家独立媒体机构，提供新闻、研究和数据。截至 2023 年 11 月，Foresight Ventures 是 The Block 的主要投资者。Foresight Ventures 还投资于加密领域的其他公司。加密交易所 Bitget 是 Foresight Ventures 的主要有限合伙人。The Block 继续独立运营，提供关于加密行业的客观、影响深远和及时的信息。以下是我们当前的财务披露。</p>
</div><p>© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p>
<div class="lb-trans"><p>© 2025 The Block. 版权所有。本文仅供信息参考。并不提供或意图作为法律、税务、投资、金融或其他建议。</p>
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Zcash 的屏蔽供应量稳定在 23%，表明隐私采用具有持久性