Ethereum EIP-8182 enables native privacy (soon to be included in the Hegotá upgrade). Base also launched Base Privacy (enterprise-grade private transactions) yesterday. Additionally, Ethereum has another privacy initiative, the Kohaku open-source privacy framework, which integrates existing privacy protocols into Ethereum natively. With the current market hype around Zcash, there’s both application demand and capital enthusiasm. Privacy is a field that must be watched this cycle.