Token Dossier
Zcash ($ZEC), taken apart the way the desk does.
Zcash (ZEC) Token Dossier · Token edition, as of 2026-11-13
The ZEC dossier is the desk's Zcash teardown written out as a document, with the figures a short video cannot hold in one place: the token in numbers, the supply in circulation against the total and the maximum, the protocol's fees and revenue where they are tracked, and the level map rebuilt from the latest price. A token files no quarterly report, so this is a shorter document than a stock dossier, and it is priced as such.
Look inside before you buy
1,389 words · about 6 min to read · 10 sections · data as of 13 November 2026
Table of contents
- What is in this dossier
- What this is not
- 1. The teardown
- The setup
- The upgrade: nu7
- The usage
- The fees
- The division
- The token
- The risks
- The chart: Sunday's close
- The verdict
- 2. What changed since it was written
- 3. The token in numbers (as of 2026-11-13)
- 4. Fees and revenue of the protocol
- 5. The level map (as of 2026-11-13)
- 6. Sources
- 7. What this dossier cannot do
- More dossiers in this theme
Excerpt
1. The teardown
Written 2026-11-09, with prices as of 2026-11-09. Figures in this part are as the desk read them that day; parts 2 to 5 carry the numbers as of 2026-11-13.
The setup
On Friday, Zcash switched on its biggest upgrade in years. Blocks now come 3x faster, and 60% of every fee leaves circulation. Zcash closed Sunday at $1212, about double a year ago. Does the new fee rule matter next to what miners are paid? The answer is one division, and I will do it before the end.
The upgrade: nu7
The upgrade is called NU7, and it went live early on November 6. Blocks now arrive every twenty five seconds, down from seventy five. The upgrade also shut down Sprout, Zcash's oldest private pool. About 12,200 coins left there can no longer move. The mining schedule, halvings included, stays the same.
The usage
Coins can sit in shielded pools, where amounts and addresses are encrypted. On November 7, ZecStats counted about 4.99 million coins shielded. That is 29.3% of the supply. A year ago the share was about 30.4%. It barely moved while the price doubled. Activity is a different story. In the third quarter, Blockworks counted shielded transactions at 52.7% of ordinary ones, up from 27.4. Most of it runs through Ironwood, the new private pool launched in July.
One table from the document
4. Fees and revenue of the protocol
| Source | Fees, 30 days | Fees, one year | Revenue, 30 days | Revenue, one year |
|---|---|---|---|---|
| Zcash | $69.88K | $714.88K | $0.00 | $0.00 |
The preview stops here. The full document is delivered by email after purchase.
What the dossier has that the video does not
One dated table for the token: price, market value, fully diluted value, supply in circulation, total and maximum supply, volume and the record high, with a plain read of what the table says. Where a data provider tracks the protocol, its fees and revenue over 30 days and one year, and how many times annualised fees the token trades at, said as an estimate.
Kept current
The dossier carries an "as of" date. The tables are rebuilt on a regular schedule and the desk's daily check flags any dossier left more than 45 days without a refresh. The written teardown keeps its date, and a line says how far the price has moved since.
What is inside
- The teardown in writing: what the token is, who earns it, the weak points and the verdict, dated.
- What changed since it was written: the price then and now.
- The token in numbers: market value, fully diluted value, supply in circulation, total and maximum supply, with a plain read.
- Fees and revenue of the protocol over 30 days and one year, where a public data provider tracks them.
- The level map rebuilt from the latest price: the 52-week range and the 50 and 200-day averages.
- Sources: a link to every data page used.
Buy it if
- You hold or watch $ZEC and want a structured read before acting.
- You want figures you can check yourself, not an opinion.
Skip it if
- You want a buy signal. A dossier explains and maps; it does not signal.
- You expect audited accounts. A token has none: the figures come from public data providers and are labelled as such.
How delivery works
Pay through Stripe, and the document arrives by email within seconds as a permanent link tied to your address. Read it in the browser or print it to PDF. Nothing to install, nothing recurring: a one-time purchase. Lost the email? Sign in to your library with the same address and it is there.
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An educational research publication, not investment advice, trade signals, a managed account, or an advisory service. Nothing in it is a recommendation to buy or sell any security. See our disclosures.