Privacy Tokens Surge – ZEC, DASH Lead $20B+ Weekly Trading Volume Rally

Privacy-focused tokens are gaining resurgence in the crypto markets. According to a report published by Phoenix, a company covering cryptocurrency news, a significant move in the trading trend occurred during the first week of November 2025. Zcash (ZEC), Dash (DASH), and Horizen (ZEN) all have billions in market capitalization and experienced exceptional gains in triple digits, clearly leading the way

DASH has a total volume of $11.1 billion, while ZEC has a total of $9.4 billion. Over a period of a week, ZEC’s price surged by 290%, DASH’s by 93.6%, and ZEN’s by 198.5%. These numbers are an indicator of a radical reawakening of the narrative of privacy in digital assets.

Privacy Tokens Lead Market Recovery

On November 1st, 2025, Privacy-oriented digital assets led the lists of top daily gainers, with Horizen jumping 56.0% and Dash rising 48.6%. This recovery exemplifies a reemerging trend towards financial control and a budding desire to be anonymous in transactions.

As governments worldwide tighten cryptocurrency regulations and expand Know Your Customer (KYC) requirements, investors are actively transforming capital into projects that provide enhanced anonymity. Zcash recently exceeded the $200 mark for the first time since 2021, with renewed interest coinciding with a bullish endorsement from BitMEX co-founder Arthur Hayes.

This data highlights additional privacy tokens gaining momentum: Monero (XMR), Beldex (BDX), Concordium (CC), Verge (XVG), and Secret Network (SCRT). Instead of following a singular narrative, investors are shifting around the entire privacy sector.

Technical Developments – Driven Adoption

Privacy tokens are gaining significant advantage due to technological advancements. Horizen’s November performance is based on its relocation to Base, the Ethereum Layer-2 network of Coinbase, making ZEN an ERC-20 token. This migration opens to DeFi integration and a wider adoption among Ethereum-native applications.

Dash’s recovery is remarkable, indicating a major turnaround in the privacy coin industry. After a prolonged bear market, DASH ended 968 days of decline, rising from approximately $20 in late September to over $68 in early November, indicating a 100%+ monthly gain. Analysts attribute this to tangible network developments such as Project Three Billion, aimed at boosting mass adoption in underserved markets.

ZEC’s 24-hour volume exceeds $83 million, resulting in a 63% day-over-day increase. Institutional interest is generating enthusiasm for retail participation. Zcash surpassed CoinGecko’s “Top Trending Cryptocurrencies” list with a 63% weekly increase and 191% monthly increase, demonstrating sustained interest.

Market Implications and Regulatory Dynamics

Increased regulatory scrutiny may be reducing the demand for privacy tokens, rather than reducing the demand for privacy tokens. Monero, worth approximately $5 billion, has demonstrated remarkable durability, with XMR gaining strong demand in decentralized exchanges despite delisting threats from centralized platforms.

This creates an intriguing market tension, centralized exchanges face compliance pressure, and decentralized platforms are experiencing increased activity. The result is a more divided, yet resilient ecosystem that will appeal to users who prioritize financial privacy over convenience.

The market caps of privacy tokens can now range from DASH’s $822.5 million to smaller projects, revealing both established and emerging players attracting participants. These distinctions further illustrate the notion that privacy is related to the number of viable competitors in this ongoing sector.

Conclusion

The emergence of privacy tokens indicates the development of the market, highlighting the differing forces of transparent blockchain use cases and those requiring privacy. As the cryptocurrency industry progresses, understanding the truth about transaction anonymity becomes increasingly crucial. The recent data may indicate an inflection point where privacy shifted from niche concerns to mainstream consideration in digital asset allocation.