Zcash Halving 2025: Driving Forces Behind Privacy-Focused Market Trends and Changes in Miner Earnings
- Zcash's 2025 halving reduced block rewards by 50%, triggering a 472% price surge to $730 and boosting market cap to $8.9B. - Institutional adoption (e.g., MaelstromFund, Grayscale) and zk-SNARKs-driven privacy fueled demand amid regulatory shifts like EU MiCA. - PoS transition lowered energy costs but redistributed mining power, with hash rate stabilizing at 55.5 EH/s via institutional staking. - Privacy coins now dominate $41.7B market cap, balancing compliance needs (view keys) against U.S. anti-money
Market Perspective: Privacy as a Valued Asset
Zcash’s market value has climbed to $8.9 billion, overtaking
Arthur Hayes, BitMEX’s co-founder, has made Zcash the second-largest liquid asset in his family office, MaelstromFund, after
Mining Returns: Shift to PoS and Halving Aftermath
The halving immediately impacted miners’ earnings, cutting rewards in half and lowering annual inflation to 4% by late 2025, according to
According to blockchain analytics firm Bitget, Zcash’s hash rate stabilized after the halving, bolstered by institutional staking, as outlined in
Privacy Coin Landscape: Regulatory Challenges and Institutional Growth
The privacy coin sector has expanded alongside Zcash’s rally. The total market cap for privacy coins reached $41.7 billion in November 2025, led by Zcash and Monero (XMR), according to
Yet, obstacles remain. U.S. initiatives to require reporting of unhosted wallet transactions and sanctions against Tornado Cash underscore the ongoing conflict between privacy and regulatory demands, as reported by
Conclusion: Is Privacy the Next Frontier?
The November 2025 Zcash halving has reinforced its status as a top privacy coin, with positive market sentiment and institutional interest fueling a price rally that outpaces the broader crypto market. While miners face immediate profitability challenges, the move to PoS and rising institutional demand for privacy solutions help offset these pressures. As regulatory oversight grows, Zcash’s future will depend on its ability to preserve privacy while meeting compliance standards. For investors, this halving is more than a technical milestone—it marks a strategic turning point in the journey of privacy-centric digital currencies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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