Zcash Labs launched on August 6 to expand ZEC usage in businesses and institutions by funding integrations upfront and later seeking retroactive reimbursement from ZEC holders with a 20% markup. Its first supported project, zcashtocash, connects ZEC with Venmo, Revolut, Cash App, Chime, Monzo and Zelle across more than 100 geographies. Shielded pools held 4.37 million ZEC on August 12, representing 25.9% of supply for approximately $2.1 billion, with 5,059 shielded transactions per day, up 117% year-over-year. The initiative comes as Ethereum and Solana are also adding privacy features, increasing competitive pressure on Zcash.
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