Zenrock’s Wrapped Zcash Hits $15M in Volume, Bringing Privacy to Solana DeFi

zenZEC introduces Zcash privacy to Solana’s fast-growing decentralized finance ecosystem

Zenrock’s wrapped Zcash token, zenZEC, has reached $15 million in trading volume on the Solana blockchain since its launch on October 31.

While modest compared with billion-dollar trading volumes seen in major crypto tokens, the milestone marks a significant step for privacy-focused DeFi, combining Zcash’s confidentiality features with Solana’s high-speed blockchain infrastructure.

Aditya Dave, co-founder of Zenrock, emphasized the importance of privacy in crypto:
“Privacy is so core to the ethos of crypto. Over the past two years, traditional finance has dominated via stablecoins and institutional flows, and privacy as a tenet has been compromised. Zenrock brought ZEC to Solana to combine Solana’s speed with Zcash’s privacy.”

Backed 1:1 by native ZEC, zenZEC leverages Zenrock’s decentralized multi-party computation (MPC) network. Private keys are split into multiple secret shares and distributed across independent nodes, enabling transactions or public key generation without exposing the full key—eliminating single points of failure and enhancing security.

Operating off-chain, Zenrock’s MPC network supports cross-chain applications, making zenZEC compatible with Solana’s decentralized exchanges and yield protocols. Users can already trade the token on Orca, one of Solana’s leading DEXs, with plans to deploy it as collateral across DeFi protocols in the near future.

Zcash itself has been on a strong upward trajectory, rallying 16-fold to $659 since September, highlighting renewed interest in privacy-focused crypto.