Tornado Cash is a non-custodial privacy protocol on Ethereum that enables anonymous transactions by breaking on-chain links between sender and recipient. Zama develops fully homomorphic encryption (FHE) for blockchain, allowing computations on encrypted data without revealing it. Tornado Cash is best for users seeking transaction privacy, while Zama targets developers building privacy-preserving smart contracts and data processing.
| Token Price | $5.72 | $0.0501 |
| 24h Change | ▼ 0.75% | ▲ 20.55% |
| Market Cap | $57.2M | $110.3M |
| TVL | $536.1MDefiLlama | $45.2MDefiLlama |
| MCap Rank | #768 | #252 |
| Total Raised | — | — |
| Founded | 2019 | 2020 |
| Stage | — | — |
| X / Twitter | 73K | 269K |
| GitHub Stars | 52 | 25K |
| Chains | arbitrumavalanchebnb-chain | bnb-chainethereumsolana |
| Tags | Decentralized Finance (DeFi), BNB Chain Ecosystem, Ethereum Ecosystem | Privacy, Infra, FHE |
Tornado Cash is a non-custodial privacy protocol that enables anonymous transactions on Ethereum and other blockchains. By breaking the on-chain link between sender and recipient, it provides financial privacy for users, which is significant for protecting identities and enabling censorship-resistant transactions.
Zama is an open source cryptography company that develops Fully Homomorphic Encryption (FHE) solutions for blockchain, enabling confidential on-chain transactions and smart contracts. Its technology is used by institutional partners like ApexGlobalGroup for tokenized assets, and it ranks among the top projects in Ethereum developer activity.