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Grayscale Points to Zcash Developer Growth, but Valuation Link Remains Speculative

Zcash’s developer community has grown even as the broader crypto developer pool has retreated from its peak, according to Grayscale research head Zach Pandl. In a report carried by ChainCatcher on November 12, 2026, at 08:24 (UTC+8), Pandl said Zcash’s monthly active developer count had roughly doubled over the preceding two years.

Pandl said about 70% of Zcash’s active developers had more than a year of crypto development experience, compared with 58% across the industry. He also described the group as bringing expertise in zero-knowledge proofs and post-quantum cryptography.

For a privacy-focused project, sustained developer participation matters beyond token price: it is the work through which a community’s goals can become changes to a protocol. Pandl argued that Zcash’s developer community pairs a commitment to privacy with a goal of making private digital currency more accessible. His suggestion that this momentum could eventually raise ZEC’s valuation is a projection, not an established outcome.

Original report (ChainCatcher)

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