Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Zcash privacy and Solana Decentralized Finance achieve a volume of 15 million dollars through Zenrock's Wrapped ZEC.

robot
Abstract generation in progress

Since its launch on Solana on October 31, Zenrock's wrapped token zenZEC has reached a volume of 15 million USD. zenZEC utilizes Solana's speed advantage to introduce privacy features for Decentralized Finance. This 1:1 backed token employs Decentralization longer computing (MPC) technology, distributing the Private Key across multiple independent Nodes, thus eliminating single points of failure and achieving cross-chain compatibility. Zenrock co-founder Aditya Dave pointed out that this addresses the issue where the principles of Crypto Assets privacy are “sacrificed” after institutional investors enter the crypto space. zenZEC has integrated with Solana DEXs like Orca, and since September, its price has pumped 16 times, reaching 659 USD.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)