These two pieces of news should be viewed together. Zcash privacy adoption steadily rises to 23% Zcash (ZEC) has disclosed that the usage rate of its shielded addresses has stabilized at 23%. As the concept of 'Pragmatic Privacy' takes root in 2025, the application of privacy protection technologies within a compliance framework has become a new industry focus. The market is showing sustained growth in interest for protocols with the dual characteristics of 'compliance + privacy.' Uniswap's 'Fee Switch Activation Proposal' passes final governance vote two days ago In addition to burning 100 million UNI tokens from the treasury, activating the protocol fee switch will use the fees collected by the protocol for programmatic UNI burning, achieving deflation.