web3: Zcash privacy transactions surpass 3.29 million, ZEC holds key support

The activity of Zcash's private transactions continues to rise, with both on-chain data and price trends attracting attention. Data shows that the total number of shielded transactions in the Sapling and Orchard pools has exceeded 3.29 million; after excluding spam transactions, there are still about 2.87 million transactions. Meanwhile, ZEC is quoted at around $493, remaining above the 200-day EMA.

Faster growth for Orchard

Sapling is still the shielded pool with the largest cumulative transaction volume. Data shows its total transactions amount to 2,070,024, with 1,764,256 transactions after filtering out spam. This lead is not surprising, as Sapling was launched earlier.

In contrast, Orchard, which was introduced with the NU5 upgrade, started later but is growing faster. The pool has accumulated 1,221,009 transactions, and 1,105,478 after filtering out spam—already more than half of Sapling's total.

Lower proportion of spam transactions

According to the raw data, the two types of shielded pools are affected by spam transactions to different degrees. For Sapling, the difference between unfiltered and filtered data is 305,768 transactions, about 14.8% of the cumulative transactions.

For Orchard, the difference is 115,531 transactions, accounting for about 9.5%. By this measure, Orchard is less affected by spam transactions.

• Sapling transactions after filtering: 1.764 million
• Orchard transactions after filtering: 1.105 million
• Total transactions after filtering: about 2.87 million

ZEC holds key support

In terms of price, ZEC is currently maintaining above the 200-day EMA, while also holding the upward trendline. The article mentions that the nearest resistance level currently watched by the market is around $550.

If buying momentum continues to strengthen, the price might further test the $636 and $740 regions. However, this trend still depends on whether the current support structure can persist and whether demand continues to follow.

Overall, the use of Zcash private transactions is still increasing, while the token price has not yet broken below key support. This means that on-chain activity and price structure are temporarily moving in the same direction.