Zenrock’s zenZEC Brings Zcash Privacy to Solana’s High-Speed DeFi Ecosystem

Zenrock’s wrapped Zcash token, zenZEC (ZEC), has achieved nearly $15 million in total trading volume since its launch on the Solana blockchain on October 31. While modest compared to the billions traded by leading cryptocurrencies, this milestone represents a major step toward integrating privacy-focused assets into decentralized finance (DeFi) — a feature long missing from the broader ecosystem.

Zenrock aims to merge Zcash’s strong privacy features with Solana’s speed and scalability, giving traders and institutions a new way to balance privacy, usability, and security. “Privacy is core to the ethos of crypto,” said Aditya Dave, Zenrock’s co-founder, emphasizing that traditional finance’s growing presence through stablecoins has diminished crypto’s original focus on privacy.

The zenZEC token is backed 1:1 by native ZEC and powered by Zenrock’s decentralized multi-party computation (MPC) network. This system divides a private key into multiple secret shares distributed across independent nodes, ensuring that the full key never exists in one place. The result is enhanced security and the elimination of single points of failure, a vital component for cross-chain and omnichain applications.

By wrapping Zcash for Solana, Zenrock enables ZEC holders to participate in on-chain DeFi for the first time in over seven years. The token is already active on Orca, one of Solana’s top decentralized exchanges, with incentives boosting liquidity and adoption. In the near future, zenZEC will also serve as collateral for Solana-based DeFi protocols, expanding its utility further.

With ZEC prices surging 16x since September to over $659, the launch of zenZEC highlights a growing demand for privacy-driven crypto solutions that deliver both speed and decentralized security — positioning Zenrock as a key player in the next evolution of DeFi innovation.