After Eight Years, Behind Monero's New High, the Privacy Narrative Is Returning to the Core of Crypto
Eight years after its last peak, Monero (XMR) has surged past its 2017 all-time high, rising over 500% since early 2024. This signals a broader revival of the privacy narrative in crypto, moving beyond short-term trends to become a core infrastructure theme.
Zcash (ZEC), another major privacy asset, recently faced governance turmoil as its development team resigned amid disputes with the board, causing a sharp price drop. Despite this, Zcash remains a decentralized protocol.
Other projects are expanding privacy beyond currency. Humanity Protocol uses palm recognition and zero-knowledge proofs to create private digital identities. Railgun offers privacy for DeFi interactions, with over $4.49 billion in cumulative transaction volume. Pirate Chain enforces 100% privacy on all transactions.
Tornado Cash, despite U.S. sanctions and legal battles, continues to see significant usage, with $2.5 billion in ETH inflows in 2025. Meanwhile, Dusk Network takes a compliance-friendly approach, offering auditable privacy for regulated applications like RWA tokenization.
Together, these developments show privacy is evolving from a niche tool into a fundamental layer of the crypto ecosystem.
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