Zcash (ZEC) is a privacy-focused cryptocurrency, and like Bitcoin, it undergoes a "halving" event approximately every four years. During a halving, the block reward given to miners is reduced by 50%, which decreases the rate at which new ZEC coins are generated.
### Key Points about Zcash Halving: 1. **Purpose**: The halving process is designed to reduce inflation over time and control the total supply of Zcash. The total supply is capped at 21 million ZEC, similar to Bitcoin.
2. **Next Halving**: Zcash’s last halving occurred in November 2020, which reduced the block reward from 6.25 ZEC to 3.125 ZEC. The next halving is in 49 days, further reducing the reward to 1.5625 ZEC.
3. **Impact**: The reduction in supply typically generates interest in the market, as fewer new coins are introduced, potentially affecting ZEC's price. Past halvings for cryptocurrencies have often led to increased market activity and speculation about price appreciation.
4. **Mining**: Zcash uses a proof-of-work consensus mechanism, and the halving impacts miners directly by reducing their earnings per block mined. This could lead to reduced miner participation if prices do not rise proportionally to offset the reduced rewards.
5. **Privacy Focus**: A unique aspect of Zcash is its zero-knowledge proof protocol called zk-SNARKs, which allows transactions to be shielded for privacy. The halving event does not affect the technology itself but is significant from a supply-demand perspective.
Overall, Zcash halvings are an important mechanism that can influence market dynamics, miner behavior, and ZEC’s price over time.
$CAKE vs $UNI , the market is pricing the wrong DEX.
@Uniswap has the brand. @PancakeSwap has the machine.
UNI sits at $4.83B market cap on $3.5B TVL.
CAKE sits at $550–600M on $2.3B TVL.
Uniswap is still the @ethereum $ETH default. Fine. But look at what actually compounds for token holders:
1. Volume already showed up. PancakeSwap did $2.36T in 2025 and is now $4.2T+ lifetime. Official numbers, not vibes. @BNBCHAIN flow, Base, Solana, Infinity, it became a volume factory while people kept calling it a “BSC farm token.”
2. Supply is already shrinking. CAKE has a 400M hard cap. Years of net burns. Tens of millions destroyed. Month after month of deflation while UNI spent most of its life as pure governance with almost no fee accrual. UNI only flipped the fee switch recently. CAKE has been buying and burning from real usage for a long time.
3. The multiple is broken. CAKE mcap/TVL is roughly 0.25. UNI is closer to 1.
Same category. One token is priced like a bluechip. The other is priced like the protocol doesn’t exist.
4. Product surface is wider. UNI is a great AMM. CAKE is an AMM plus farms, prediction, IFOs, lottery, RWAs, multichain routing. More reasons for users to stay. More fee sources. More burn fuel.
5. The chain argument is outdated. “But it’s just BNB.”
$BNB is cheap, fast, and still where a huge share of retail DEX volume lives. Cheap blockspace is a feature when you’re competing for flow. Uniswap winning Ethereum TVL does not cancel PancakeSwap winning throughput.
The bear case on CAKE is reputation and concentration. The bull case is simpler: high usage, falling supply, tiny market cap.