Zcash (ZEC) has experienced a significant reduction in its inflation rate, dropping to approximately 3.5% following its 2024 halving event. This development has contributed to a circulating supply of around 16.3 million ZEC and a market capitalization exceeding $5 billion as of October 2025. The supply compression of Zcash is drawing parallels to early Bitcoin cycles, with the added appeal of its privacy features. This alignment of price and scarcity fundamentals is positioning Zcash as a notable player in the cryptocurrency market, leveraging its unique privacy-centric approach.