important notes
- Electric Coin Capital CEO has confirmed that the shielded Zcash swap feature will launch next week on the Zashi wallet via the NEAR protocol.
- ZEC bucked the market trend by raising $10.3 million in short-term liquidations during the crypto crash that wiped out $1.34 billion across the market.
- Zcash, the leader among privacy coins, ranks 14th with a market capitalization of $9.34 billion, posting annual returns of 1,436% and impressive UX improvements.
Shielded Zcash ZEC $569.6 24 hour volatility: 18.5% Market capitalization: $9.30B Vol. 24 hours: $23.1 billion According to Electric Coin Capital CEO Josh Swihart, decentralized purchasing powered by NEAR Intents is coming to Zashi Wallet. This is a long-awaited feature that will allow users and investors to exchange from other coins to ZEC, which is fully private and shielded, as prices of leading privacy coins soar.
The announcement was made in a teasing post on Nov. 14, with Swihart promising “shipping next week.” The image shows a swap simulation of 1 BTC worth $96,432 for 170.30 ZEC at the same nominal value and a cross-shaped shield next to the Zcash logo.
Shipping next week.
Directly replaces Zashi’s shielded ZEC. pic.twitter.com/hwALfStuGO— Josh Swihart🛡 (@jswihar) November 14th
Zashi implemented the “Swap to ZEC via NEAR Intents” feature in its wallet app on October 1st. It uses the NEAR protocol chain abstraction stack and the Intents protocol to enable decentralized purchasing of Zcash using transparent addresses. Prior to that, major wallets natively implemented the NEAR intent to swap the opposite route: shielded ZEC to other supported blockchains such as NEAR, Solana, Bitcoin, and Ethereum.
Related article: Leap Therapeutics rebrands as Cypherpunk Technologies to focus on Zcash
Interestingly, the cross-pay feature was highlighted but partially criticized by prominent on-chain researcher ZachXBT. “Zashi is a fun wallet experience that ensures privacy and fixes some of the UI/UX complaints we had with Monero,” Zashi said, while also warning about the potential for information leakage by using Zcash’s transparent address, which is also used for Zec purchases, for refunds.
Josh Swihart and Illia Polosukhin commented on this and said that additional shielded Zcash features are on the roadmap for both Zashi and NEAR Intents to fix these potential leaks.
Definitely want a secured refund. on the roadmap.
— Ilia (root.near) (🇺🇦, ⋈) (@ilblackdragon) October 21, 2025
ZEC price analysis during virtual currency crash
November 14th started with a massive market crash, with more than $1.34 billion liquidated within 24 hours, according to Coinglass data. ZEC was one of the largest liquidations, but unlike the others, Zcash had a large liquidation from short positions and recorded notable gains while other cryptocurrencies tumbled and liquidated most of their long positions.
In total, $17.2 million of ZEC was liquidated, of which $10.3 million came from short positions. Meanwhile, $1.16 billion of the $1.34 billion in liquidations came from long positions, a pattern that was replicated in most if not all of BTC, ETH, SOL, and other cryptocurrencies.
Liquidation heatmap and total liquidation within 24 hours (as of November 14, 2025) |Source: Coinglass
As of this writing, Zcash is trading at $572.88 and has a market capitalization of $9.34 billion, ranking 14th on CoinMarketCap and currently the top privacy coin by market capitalization. ZEC registered an increase of 16.55% in the past 24 hours and a 1,436% increase year-on-year, crossing the 10x appreciation mark and garnering support from various industry players.
Zcash (ZEC) price and market data as of November 14, 2025 | Source: CoinMarketCap
Zcash’s rise is mainly due to its superior privacy features and improved user experience thanks to Zashi. Additionally, NEAR Intents has also been cited as a core contributor to ZEC’s success as a “universal liquidity layer” that makes it easy for people to buy and use coins personally, and has been praised by various ecosystem figures, similar to what happened before Zcash’s rise, as reported by Coinspeaker.
Disclaimer: Coinspeaker is committed to providing fair and transparent reporting. This article is intended to provide accurate and timely information but should not be taken as financial or investment advice. Market conditions can change rapidly, so we recommend that you verify the information yourself and consult a professional before making any decisions based on this content.
