PANews reported on November 10th that, according to Coindesk, Zenrock's Zcash-encapsulated token, zenZEC, has accumulated a trading volume of $15 million since its launch on the Solana blockchain on October 31st. zenZEC combines Zcash's privacy features with Solana's high speed, and enhances security through Zenrock's decentralized multi-party computation (MPC) network.

ZenZEC backs native ZEC at a 1:1 ratio and uses MPC technology to distribute private keys across multiple independent nodes, avoiding single points of failure and enhancing security. This token seamlessly integrates with decentralized exchanges and yield protocols on Solana, providing Zcash holders with their first truly on-chain DeFi experience in seven years.

Currently, zenZEC is driving liquidity and adoption on Solana's well-known DEX Orca, and will expand to more DeFi protocols and support token staking in the future.

Previously, it was reported that Zenrock planned to launch a decentralized custody service and wrap Bitcoin zenBTC .