Much of that sector-wide gain comes down to one token, Zcash, which now represents about 62% of the privacy market.

Privacy coins have climbed 213% since Bitcoin’s October 2025 peak even as BTC itself remains well below that high, according to a breakdown posted today by analyst Wise Crypto.

It is a narrow corner of the market, but one token in particular, Zcash (ZEC), has pulled the entire privacy sector into positive territory while most of crypto is still digging out of a year-long drawdown.

One Sector, but Mostly One Coin

Wise Crypto’s numbers show the privacy sector’s combined market cap growing from $7.1 billion a year ago to $33.6 billion now. Zcash accounts…