Privacy Cash Launches Private Token Swaps on Solana

Privacy Cash, a growing Solana-based mixing protocol, has expanded its product suite with the introduction of a hidden token swap feature that enables private trading across six supported assets. The launch comes as Privacy Cash continues to gain traction among privacy-focused users on Solana, with daily active addresses reaching new all-time highs.

Privacy Trading Gains Momentum Despite Claims the Trend Is Over

While some commentators have suggested that the so-called “privacy meta” has already peaked, recent price action across leading privacy tokens suggests otherwise. Strong rallies in the sector indicate that demand for privacy-preserving tools and assets remains far from exhausted.

Privacy Cash Introduces Protected Token Swaps

After quietly establishing itself as the largest mixer on Solana and processing more than $174 million in private transfers, Privacy Cash has expanded into private token swaps. The new feature allows users to exchange assets without exposing transaction trails on-chain.

How the Privacy Cash Swap Mechanism Works

The application obscures user activity by routing swaps through a temporary, client-side ephemeral wallet before re-delivering the swapped asset back to the user’s original wallet. Swaps are executed via the Jupiter aggregator, with users paying a 0.35% fee on top of standard aggregator costs.

Supported Assets and Current Limitations

At launch, the Privacy Cash pool supports swaps involving SOL, USDT, USDC, ZEC, ORE, and stORE. The team has not yet made any public statements regarding the potential addition of further assets in future updates.

Competition Exists, but Privacy Cash Leads on Adoption

Although Privacy Cash remains one of the most widely used privacy tools on Solana, it is not the first platform to offer hidden swaps. Competing services such as vanish.trade and encrypt.trade have supported private exchanges for several months, though they currently trail Privacy Cash in both total value locked and daily active users.

Daily Active Addresses Reach Record Levels

As onchain privacy returns to the center of crypto culture, Privacy Cash has continued to accelerate. Since its launch in August 2025, the protocol has shown steady adoption, processing more than $174 million in transfers and growing its TVL beyond $2.1 million.

Dune Analytics Shows Strong User Growth

According to Dune Analytics data, Privacy Cash recorded a new all-time high this week with 1,192 unique wallets interacting with the protocol in a single day, underscoring rising interest in privacy-preserving activity on Solana.

Privacy Cash Still Small Compared to Industry Giants

Despite its growth, Privacy Cash remains modest in scale compared to established privacy heavyweights such as Tornado Cash. Current data suggests Privacy Cash accounts for roughly 8% of the overall privacy mixer market, though the introduction of private swaps could help narrow that gap.

Privacy Narrative Reignites Across Crypto Markets

Renewed concerns around regulation, including scrutiny of digital assets and the potential impact of the CLARITY Act on DeFi protocols with KYC controls, have pushed privacy back into focus across the crypto landscape.

Regulatory Relief Boosts Confidence in Privacy Protocols

Following internal turmoil within the Zcash ecosystem, the Zcash Foundation announced that the SEC had recommended no enforcement action against the privacy protocol, helping restore confidence in the sector.

Monero Surges as Privacy Demand Intensifies

At the same time, Monero has captured the attention of a new generation of privacy advocates. Riding renewed optimism, XMR surged 57% over the past week, reaching new all-time highs and overtaking ZEC to become the largest privacy coin by market capitalization.

Solana Privacy Tokens Yet to See Capital Inflows

Despite strong momentum in major privacy assets, capital has not yet flowed meaningfully into Solana’s privacy token sector. Tokens such as UMBRA have remained largely flat over the past seven days, even as broader enthusiasm for privacy continues to build.