21Shares: Privacy coin market cap surges nearly 5x to $30 billion, potential for 18-27x growth

A report by 21Shares AG researcher Matt Mena highlights that the privacy coin sector's market cap grew from $6.2 billion to $30 billion over the past year, a 111% compound annual growth rate. Zcash (ZEC) leads the sector with a $20 billion market cap. The report notes institutional interest in privacy solutions, citing the Canton network's adoption by major financial institutions. With the SEC closing its review of the Zcash Foundation and the approval of a ZEC spot ETP, the report suggests the sector could reach $550 billion to $800 billion if it captures 5% of the offshore wealth market.