Altcoins saw a selective rebound on Tuesday, with Aave rising 11%, Quant gaining 17%, and Internet Computer climbing 14%. Aave was driven by founder Stani Kulechov’s proposal to add a token burn mechanism in the next Aavenomics update, though no vote or specific amount has been announced. Zcash fell 8.4% to around $1,410 despite progress on the Tachyon project targeting over 50,000 private transactions per second. Aztec Labs relaunched zk.money on Ethereum, a layer 2 private wallet with daily deposit caps of $50,000 and $2,500 per transfer. The total crypto market capitalization stood at approximately $2.86 trillion.
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