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The privacy network Zcash has recently seen a significant increase in transaction numbers, with a 24-hour mainnet trading volume of approximately $1.17 billion.

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On November 17, the privacy network Zcash (ZEC) recently saw a rise in mainnet transaction counts, with 44,505 transactions completed in the last 24 hours. On November 13, the transaction count reached a recent peak of 73,862 transactions, while the average daily transaction count in October was about 10,000 transactions. Before the price of ZEC tokens began to pump at the beginning of October, the average daily transaction count was about 3,000 transactions. In addition, the trading volume on the Zcash mainnet in the last 24 hours was 1,679,199 ZEC, equivalent to approximately 1.17 billion USD. According to CEX market information, ZEC is currently priced at 716 USD, with a 24-hour increase of 1.62%. Notable Silicon Valley angel investor Naval stated on October 1 that “ZCash is insurance against BitCoin,” when ZEC was around 75 USD.

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