The privacy track has recently been frequently discussed in major communities. Interestingly, it is gradually evolving from a niche concept into a mainstream narrative. If this trend continues until 2026, it is very likely to become one of the market's core focus points.

Let's look at the data first. In 2025, privacy coins significantly outperformed Bitcoin and Ethereum, with stronger anti-dip capabilities. The proportion of real on-chain transactions increased from 9.7% to 11.4%, and the market capitalization has already surpassed $24 billion. What does this reflect? Under the backdrop of continuously tightening global regulations, the market's demand for transaction privacy has shifted from theory to practice.

Interestingly, privacy capabilities are being integrated into the underlying architecture of blockchain rather than being added as an optional feature. This means privacy is shifting from an "option" to a "necessity." Monero and Zcash remain leaders, but more worth noting are projects with real application scenarios and relatively complete ecological support.

How should retail investors respond? It is recommended to adopt a phased approach. First, include the privacy track in your observation list but do not rush to heavy positions. Second, select projects with practical applications rather than pure conceptual hype. Third, maintain steady positions in mainstream assets like BTC and ETH, and keep the speculative funds for new narratives within a tolerable range.

Every new trend in a bull market may harbor opportunities; the key is to stay learning-oriented and maintain sharp judgment. Are you planning to wait and see, or cautiously test the waters?