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Ethereum Treasury Boom Drives Demand: Can The Market Handle The Risks?

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Tornado Cash’s $1.9 billion resurgence indicates growing demand for privacy

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Amidst significant legal battles and sanctions, Tornado Cash, a well-known crypto-mixing service, has witnessed a notable rise in deposit volumes in the first half of 2024. According to data from blockchain analytics firm Flipside Crypto , Tornado Cash accumulated around $1.9 billion in deposits over the past six months, marking a 50% increase compared to the total deposits for the entirety of 2023.  This surge highlights the ongoing demand for privacy-centric financial tools within the cryptocurrency ecosystem. Picks for you Grayscale prepares for Bitcoin and Ethereum ETF spinoffs in July 5 mins ago How rich is South Dakota's senator: Mike Rounds' net worth revealed 2 hours ago ...
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