Jeremiah(@jeremiahrogers):Over time a private SOV should attract capital. We can see this in a new analysis mapping NEAR swaps across assets. Relative to its market cap, Zcash is more than 18× over-weighted in its centrality in the swap graph. So people aren't swapping to Zcash randomly because it's a common asset. They are picking it for some other reason. Likely speculation or privacy. If my thesis plays out I expect Zcash to become an even larger attractor of capital as it's price stabilizes/grows. More details at the link.

Jeremiah

@jeremiahrogers

Independent Analyst | ex-Meta, Flexport, Fin | Building

Joined October 2010

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Jeremiah@jeremiahrogers

2026.06.30 12:00

Over time a private SOV should attract capital. We can see this in a new analysis mapping NEAR swaps across assets. Relative to its market cap, Zcash is more than 18× over-weighted in its centrality in the swap graph. So people aren't swapping to Zcash randomly because it's a common asset. They are picking it for some other reason. Likely speculation or privacy. If my thesis plays out I expect Zcash to become an even larger attractor of capital as it's price stabilizes/grows. More details at the link.