$ZEC climbed ~4x to ~$1,250 in roughly a year
You're probably thinking the privacy ship has already sailed, but you'd be mistaken
Beyond Zcash, emerging protocols are bringing privacy to payments, trading & internet access
Three names on our watchlist:
1)
@NullMaskio $MASK
Brings shielded transfers and swaps that obscure the trader’s identity to existing EVM wallets such as MetaMask and Rabby through a custom RPC
Founded by Tomas Krnak, whose team developed shielded transaction support for Trezor, it reported $50m+ in combined deposit, withdrawal and swap volume between 1–19 October
Using familiar wallets makes adoption easier, although deposits, withdrawals and swap amounts remain public, and the operator can read private balances and history
2)
@UmbraPrivacy $UMBRA
Supports private balances, payments and swaps on Solana, helping users protect financial information such as holdings, salaries and commercial transactions
Its October 2025 MetaDAO token sale attracted ~$155m in commitments against a $3m cap, followed by its public wallet launch in March 2026
Payroll and treasury management offer practical applications, where public transactions can expose compensation, counterparties and business relationships
Deposits, withdrawals and network metadata still carry privacy limitations
3)
@urnetwork on Bittensor SN25
Encrypts and routes internet traffic through distributed connections, founded by former Palantir engineer Brien Colwell
The existing URnetwork has reported 350K+ monthly users, with 100K+ providers being transitioned into Bittensor miners following October’s mainnet launch
Bittensor adds incentives for supplying connectivity and validators that check delivery, building on an existing network and user base
Each addresses a different privacy need, with different trust assumptions and token economics
Our comparison looks at adoption, who pays for each service and how that activity benefits the token
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@KhalaResearch for research on emerging crypto protocols