Mina

Monero

Zcash

Oasis

Coin

<ul class="news-points"> 
 <li>Privacy coins lost 44.3% of their market share to privacy blockchains, CoinGecko noted.</li> 
 <li>The top two privacy blockchains are Mina Protocol and Oasis Network.</li> 
 <li>The decline of privacy coins’ dominance is linked to delisting.</li> 
</ul> 
Privacy-focused coins have witnessed a significant decline in their market shares after facing stiff competition from privacy blockchains, as per a report from CoinGecko.&nbsp; 
Privacy coins have lost 44.3% of their market share to privacy blockchains since 2021, according to CoinGecko. The top two privacy blockchains include Mina Protocol, with a 23.2% market share, and Oasis Network, with a 13.6% market share. 
CoinGecko <a href="https://www.coingecko.com/research/publications/privacy-blockchains-vs-privacy-coins" target="_blank" rel="nofollow">noted</a> that in January 2021, privacy coins had a 96.6% share of the crypto privacy market, amounting to a $4.62 billion market capitalization. However, as of February 2024, they held 52.3% of the privacy sector.&nbsp; 
In contrast, privacy-focused blockchains have reportedly seen their market shares skyrocket by 14 times, from 3.4% ($0.16 billion) to 47.7% ($2.81 billion). Meanwhile, privacy coins Monero (XMR) and Zcash (ZEC) witnessed their market share decline from 54.8% to 40.9% and 19.1% to 5.8%, respectively.&nbsp; 
Furthermo…
The post <a href="https://coinedition.com/privacy-coins-lost-44-3-of-market-share-to-privacy-blockchains/">Privacy Coins Lost 44.3% of Market Share to Privacy Blockchains</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Privacy Coins Lost 44.3% of Market Share to Privacy Blockchains

Coin Edition

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