Privacy Coin Performance - Zcash generated the 2nd highest protocol fees across all blockchains last week, outearning every DeFi protocol except Ethereum [1] - Zcash trading near multi-year lows while generating top-tier fees represents an inefficiency [1] Privacy Infrastructure Development - Ghostpay and Hush Wallet just launched native privacy on Solana [1] - Ethereum Foundation made privacy a "first-class property" of the protocol [1] Market Trend - Transparent chains expose treasurers' strategies, driving demand for privacy infrastructure [1]