📊 DATA: Privacy is clearly the trade of the year, according to Glassnode.

While Bitcoin remains 36% below its October 2025 peak, the median top-200 crypto asset is down 58%.

But privacy coins are playing a completely different game.

The sector is currently up 213%, making it the only crypto sector trading above its market-top level.

Everything else is still underwater:

• DeFi: -27%
• Gaming: -74%

And the growth in the privacy sector is pretty crazy.

Its market cap has gone from $7.1B to $33.6B in one year, with nearly half of that growth coming in just the past month.

Of course, $ZEC is leading the move.

But the interesting part is that this rally isn’t just about ZEC.

All 8 privacy coins with a one-year history are currently in the green.

Even excluding $ZEC , the privacy basket is still up 85%, while $XMR has more than doubled.

And among the top 25 largest crypto assets, only 4 are above their October 6 levels:

ZEC, HYPE, XMR and WBT.

Two of them are privacy coins.

The market is starting to bounce across the board, sure.

But if I had to pick the narrative currently dominating the market, the answer is pretty clear: PRIVACY
#ZEC #XMR