Core Insights - TornadoCash generated a total revenue of 693,412 ETH tokens in 2025, valued at approximately $2.5 billion [1] - Railgun, a privacy transfer protocol, has seen a net inflow of funds reaching $1.4 billion in 2025, primarily driven by ETH tokens, indicating a strong demand for Ethereum-based privacy transfers over stablecoins in the crypto-native sector [1]

RT AJC (@AvgJoesCrypto)Ethereum is no longer the leader in private crypto.On January 1, 2024, there was $34.7m shielded $ZEC. Comparatively, private TVL on Ethereum was $357.2m:- $343.6m in @TornadoCash- $13.7m in @RAILGUN_ProjectNow, after the recent ZEC rally, Zcash has flipped Ethereum in private TVL.There is $2.6b shielded ZEC, and only $1.2b in TVL on privacy protocols on Ethereum. ...