About $80 million ZEC crosses into Zcash’s new ‘Ironwood’ pool in the first day
Roughly 5% of the funds in the retired Orchard pool have gone through the turnstile. The rest sit in a pool that can no longer take deposits.
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Summary
- About 176,000 ZEC, or roughly $81 million, has moved into Zcash’s new Ironwood shielded pool in the first day after the upgrade, representing about 5 percent of the Orchard pool’s balance at activation.
- Orchard, which can no longer accept deposits, is steadily shrinking as coins exit through a turnstile mechanism that limits total withdrawals to the amount verifiably deposited.
- Migration to Ironwood is voluntary, leaving most of Zcash’s shielded supply temporarily stranded in a now-closed Orchard pool while holders, wallets and exchanges move funds at their own pace.
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Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters:
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
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