ZCash Experiences 125% Value Surge, Boosting Mining Revenue and Transaction Activity

ZCash Sees Significant Growth in Mining Revenue and Transaction Activity

According to Bitcoin.com News, ZCash (ZEC) has experienced a remarkable 125% increase in its monthly value, which has significantly boosted miner revenues and driven the Zcash hashrate to record highs. This surge in value has coincided with a peak in mining and transaction activity on the ZCash blockchain, indicating a robust interest in the cryptocurrency.

"The recent price surge of ZEC has raised suspicions that it may be manipulated by whales as an exit strategy."

As a result of this increased activity, ZCash miners have seen their earnings rise substantially, reflecting the growing demand for this privacy-focused cryptocurrency. The hashrate reaching new heights suggests that more miners are entering the network, likely in response to the favorable market conditions.

Key Insights:

• ZCash has seen a 125% increase in monthly value.
• Miner revenues have significantly increased due to this price surge.
• The Zcash hashrate has reached record highs, indicating increased mining activity.

ZCash Outperforms Ethereum and Solana in Fee Generation

In a report by Cryptopolitan, ZCash has outperformed both Ethereum and Solana in fee generation over the past month, generating $47.5 million in fees. This achievement is particularly notable as ZCash does not have its own applications, yet it has managed to surpass these major cryptocurrencies in terms of transaction fees.

The ZCash network has also seen a significant increase in transaction volume, with daily transactions peaking at over 73,000 on November 13. This surge in activity has contributed to ZCash capturing 2.6% of all fees generated by major blockchains, placing it second only to TRON in fee generation.

Key Insights:

• ZCash generated $47.5 million in fees, surpassing Ethereum and Solana.
• Daily transactions peaked at over 73,000 on November 13.
• ZCash accounts for 2.6% of all fees generated by major blockchains.

Sources:

• Der 125% monatliche Anstieg von ZEC steigert die Miner-Einnahmen und treibt die Zcash-Hashrate auf Rekordhöhen.
• ZCash übertrifft Ethereum und Solana im letzten Monat bei der Gebührengenerierung.