Zcash Hits 8-Year High as Futures Open Interest Soars to $1.8 B

Zcash briefly peaked at $888 – the highest level since 2018 – before pulling back to $843, marking a 7% rise over 24 hours and a 48% gain since August 20.

The Privacy Surge

In a market hungry for privacy, Zcash’s current price of $843—still far from its all‑time high of $3,191.93—has attracted investors with a staggering 1,800% annual return.

Futures Explosion: $1.8 B Open Interest

■$1.8B open interest, nearly double from $962.5M.

■$5.3B 24‑hour volume.

■Average 8‑hour funding rate of 0.0106% – long positions carry a premium.

Grayscale ETF and Ironwood Upgrade

■Grayscale is filing to convert its Zcash Trust into an ETF; the proposal is still under review.

■The Ironwood upgrade retired the Orchard shielded pool and introduced accounting safeguards to trap counterfeit ZEC.

Winklevoss‑Backed Mining Power

■Winklevoss‑backed Cypherpunk Technologies controls 18% of the network’s hash‑rate.

■Holding 323,394 ZEC (about $268M) and aiming for 5% of the circulating supply.

Zcash’s price rally and soaring futures open interest reflect a growing appetite for privacy‑centric assets; the Grayscale ETF filing and Ironwood’s security enhancements bolster market confidence, while Winklevoss’s mining operation strengthens network stability.