Market Performance Overview
Privacy coins are experiencing substantial gains while the broader cryptocurrency market is in decline. An analysis report from the analytics firm CryptoQuant highlights price increases ranging from 20% to 700% for assets such as Zcash and Dash. This trend stands in stark contrast to a 1.5% drop in the overall crypto sector's value.
Trading volumes for these privacy-focused assets have reached unprecedented levels. Zcash, in particular, has managed to reposition itself among the top twenty cryptocurrencies, with its price surpassing six hundred dollars, a level not seen in almost seven years.
Trading Volumes Set New Historical Records
The futures trading volume for Zcash alone reached twenty billion dollars. Dash saw an increase of nearly 50% in a single day, achieving its highest value since early 2022, with its trading volume reaching 5.4 billion dollars.
Monero reported a futures volume of 461.8 million dollars. Verge and Secret Network posted figures of 403.98 million and 228.35 million, respectively. These current figures surpass all previous peaks of interest in these coins.
The market capitalization for the privacy coin sector climbed to 41.7 billion dollars, representing a 41% increase in a single day during November.
Retail Traders Show Renewed Interest
CryptoQuant's data indicates a sharp rebound in activity from retail traders. Futures trading for Zcash and Dash experienced considerable jumps, suggesting a return of the fear of missing out.
The Binance platform concentrates approximately 78% of all privacy coin trading volume. Bybit holds the second position with a 17% share.
Privacy coins now constitute 6% of the total crypto trading volume, marking the highest share recorded in history. This implies that one in every sixteen transactions involves a privacy-focused token.
Current Overview of Top Privacy Tokens
As of November 2025, the top privacy tokens by market capitalization are dominated by projects emphasizing anonymity, scalability, and cryptographic innovation. These leading privacy coins continue to face both technological evolution and regulatory scrutiny, particularly in regions enforcing strict KYC/AML policies. Below is a current overview:
- Monero (XMR) — The largest privacy-focused cryptocurrency, valued at over $2.3 billion in market cap. It utilizes ring signatures, stealth addresses, and bulletproofs to ensure untraceable transactions.
- Zcash (ZEC) — With a market cap around $400 million, Zcash is powered by zero-knowledge proofs (zk-SNARKs) that enable shielded and transparent transactions.
- Dero (DERO) — A hybrid blockchain combining smart contracts with privacy through homomorphic encryption, boasting a market cap near $250 million.
- Firo (FIRO) — Formerly known as Zcoin, Firo integrates the Lelantus protocol for full transaction privacy, holding approximately $90 million in market cap.
- Haven Protocol (XHV) — A fork of Monero focusing on private stable assets, currently valued around $60 million.
The privacy sector remains one of the most innovative yet controversial areas in cryptocurrency. While technological advancements such as zk-proofs and privacy layers enhance user confidentiality, regulatory challenges continue to limit exchange listings and liquidity. Nevertheless, investor interest persists as data privacy becomes increasingly vital in the digital economy.
The information presented in this article is for informational purposes only and should not be interpreted as investment advice. The cryptocurrency market is highly volatile and may involve significant risks. We recommend conducting your own analysis.