Binance-Peg ZEC
zec
#168Binance-Peg ZEC
Binance-Peg ZEC
zec#168
Mcap$281M$1,279.873.14%
zec Metrics
Spot Volume (24H)
$9.06M+207.50%
Marketcap
$281M
Last Updated: Oct-29-2026 10:44 UTC
Binance-Peg ZEC: Project Update
Note: Binance-Peg ZEC is a wrapped representation of Zcash (ZEC) issued on the Binance Chain, allowing the privacy-focused ZEC asset to circulate within Binance's ecosystem. The updates below reflect developments in the underlying Zcash protocol and ecosystem, which drive the value and utility of the pegged token.
Currently Interesting
Over the past week, the most significant development centers on Zcash's ongoing transition to its new Ironwood shielded pool, which has now surpassed $260 million in total value and eclipsed the older Sapling pool 1. A "shielded pool" is a collection of funds where transaction details—sender, receiver, and amount—are cryptographically hidden rather than publicly visible on the blockchain. Ironwood launched on July 28 at block 3,428,143 following the discovery of a critical vulnerability in the prior Orchard shielded pool, which security researcher Taylor Hornby identified on May 29 and which was patched by the Zcash Open Development Lab by June 2 1. The flaw could have allowed a malicious actor to mint unauthorized ZEC undetected, though exploitation risk was deemed low because the pool's privacy made verification difficult for users 1. Ironwood now blocks new deposits and internal transfers in Orchard, permitting exits only through Zcash's "turnstile" mechanism to ensure verifiable circulating supply, and it adds security measures including independent audits, formal verification, and quantum-recoverable notes under ZIP 2005 1. This migration matters because it restores confidence in Zcash's supply integrity and privacy guarantees, and it could lead to broader institutional adoption if the new pool proves secure and stable over time 1.
Get Caught Up
Zcash Labs Launch and Institutional Push. Zcash Labs launched on August 6 to drive Zcash deeper into business and institutional use, focusing on integrations, infrastructure, and adoption projects, with an upfront financing model reimbursed retroactively by ZEC holders at a 20% markup 2. Its first supported project, zcashtocash, connects ZEC with payment platforms including Venmo, Revolut, Cash App, and Zelle across more than 100 geographies 2. This matters because Zcash's growth increasingly depends on turning privacy into usable payment rails rather than relying solely on cryptographic strength 2.
Major Governance Vote on NU7. Zcash prepared for a pivotal on-chain governance vote centered on the NU7 network upgrade, coordinated by Valar Group and Project Tachyon using the Tokenholder Voting Chain 3. The vote required a strict participation quorum of at least 1,000,000 ZEC, with ballot topics including a Network Sustainability Mechanism (NSM) to smooth the issuance schedule, transaction fee reissuance, deprecating the legacy Sprout format, and reducing block times from 75 seconds to 25 seconds 3. This matters because coinholders are directly deciding issuance, fee policy, and block-time changes that shape the protocol's long-term economics and security 3.
Institutional Accumulation by Cypherpunk. Cypherpunk Technologies reported strong Q2 results driven by its Zcash holdings, disclosing 323,394.38 ZEC at an average cost of $341.83, representing about 1.92% of circulating supply 4. The firm has helped fund ecosystem growth, including a $5 million March commitment to the Zcash Open Development Lab (ZODL) 4. This matters because sustained off-exchange accumulation by institutional players could tighten available supply and signals growing corporate demand for ZEC 4.
Biggest Stories of 2025
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Cypherpunk expanded its Zcash treasury to 290,062.67 ZEC, acquiring 56,418.09 ZEC for approximately $29 million at an average price of $514.02, bringing its holdings to roughly 1.76% of circulating supply with a cumulative average cost of $334.41 per ZEC 56. The firm reiterated its goal of accumulating 5% of the Zcash network, positioning itself as one of the first Digital Asset Treasury companies anchored primarily in Zcash (December 30, 2025) 6.
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Zcash led the Q4 2025 privacy coin rally, surging over 600% for the quarter, with a pseudonymous analyst projecting ZEC could reach $1,000 due to a potential supply squeeze 7. ZEC also surpassed Solana in global perpetual volumes, ranking third in futures market speculation behind only Ethereum and Bitcoin (December 2025) 8.
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Zcash was named the top-performing crypto asset of 2025, surging approximately 800% year-to-date, fueled by a "privacy comeback," endorsements from figures like Naval Ravikant, and major repricing in September–November 9. ZEC reclaimed a top 12 market cap ranking as traders rotated into privacy tokens (December 29, 2025) 9.
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ShapeShift announced support for Zcash, with the initial phase supporting unshielded ZEC addresses and shielded address support "under development," extending privacy-preserving functionality while maintaining self-custody (December 19, 2025) 10.
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Arkham integrated Zcash transaction labeling, reporting it had labeled 53% of all ZEC transactions and attributed $420 billion in volume to known individuals and institutions, with 37% of all ZEC balances (totaling $2.5 billion) now labeled (December 8, 2025) 11.
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Zashi 2.4.9 was released, introducing interface adjustments and technical revisions, including a switch to a single CoinMarketCap API for ZEC–USD exchange rates and an option to enable Tor protection from the Restore screen (December 4, 2025) 12.
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The Zcash Foundation released its Q3 2025 Report, reporting total liquid assets of $15,866,134 in unrestricted funds as of September 30, 2025, with no liabilities (November 17, 2025) 13.
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Electric Coin Company released its Q4 2025 roadmap, prioritizing reduction of technical debt, improvements to Zashi wallet privacy and usability, and management of the Zcash development fund (November 3, 2025) 14.
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Zcash v6.10.0 was released, preparing for Network Upgrade 6.1 scheduled to activate on mainnet at block height 3,146,400, deploying ZIP 271 (Deferred Dev Fund Lockbox Disbursement) and ZIP 1016 (Community and Coinholder Funding Model, partially) (October 4, 2025) 15.
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Zashi CrossPay was introduced, a feature within the Zashi wallet enabling shielded ZEC holders to conduct cross-chain payments in NEAR-supported cryptocurrencies using NEAR Intents (September 16, 2025) 16.
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The Zcash Foundation released its Q2 2025 Report, reporting total liquid assets of $11,437,092 in unrestricted funds as of June 30, 2025 (August 28, 2025) 17.
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Zcash v6.3.0 was released, preparing for Network Upgrade 6.1 on testnet and deploying ZIP 271 and ZIP 1016, while fixing a bug affecting Orchard note spends (July 31, 2025) 18.
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The Zcash Foundation released its Q1 2025 Report, reporting total liquid assets of $11,558,409 in unrestricted funds as of March 21, 2025 (May 6, 2025) 19.
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Zcash v6.2.0 was released, announcing that zcashd is "being deprecated in 2025," with full nodes migrating to zebrad and the Zallet wallet being built as a replacement (April 18, 2025) 20.
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Electric Coin Company announced its Q2 2025 Engineering Roadmap, emphasizing the deprecation of zcashd and the deployment of Zcash Shielded Assets, alongside prospective items including Memo Bundles, Governance, Quantum Resilience, and supporting a Proof-of-Stake transition (April 17, 2025) 21.
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Zcash announced its full integration with NEAR Protocol's Intents stack, enabling cross-chain decentralized token trading, multichain abstraction, and AI-powered payment systems for ZEC without fees (February 8, 2025) 22.
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Zcash v6.1.0 was released, a maintenance release introducing a new end-of-service height to ensure continuity of services (January 6, 2025) 23.
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