Zcash zkSNARKs auction closes at 1.5 ZEC with 16,971 bids
- —The uniform clearing price was 1.5 ZEC per identity
- —16,971 bids for a total volume of 25,305 ZEC
- —8,000 of 10,000 identities were sold, 1,000 via SNARKLIST, 1,000 held in the treasury
- —Cross-chain bids in ETH, SOL and stablecoins via NEAR Intents
Why it matters: It demonstrates real demand for private on-chain identities and growing use of Zcash shielded transactions.
Source: Crypto Briefing