Social contract, dev fund, hardware wallets, ZF, outreach, POS… all great.
If the usage is function of all those variables we are in trouble.
Usage is the most important metric now.
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I guess I’m the outlier, because Zcash is working for me? Use ywallet everyday (mobile). Use zebrad + lightwalletd at home everyday. Use zcashd on my raspi4 everyday. What am I missing? Is it we don’t know how to use it, or we just are not using it and complaining because price is low vs the dollar? Not directed you @Cris83 , this is more a rhetorical question for the community.
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I use Zingo!. No Issues there.
But without a solid hardware wallet I will keep holding 99% of my coins on trezor.
Beside that, Zcash is not widely accepted.
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How many people do you estimate have funds in a shielded pool at the ready to sign a transaction right now? What’s your best guess?
We have good mobile wallets. Of course one more is better, but hardware wallets are essential
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~1.4 M coins shielded. 80% in the hands of 10 miners/big investors. the remaining 300K divided among 300 users… I’d say <500 people.
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How we looking now?
As of block 3032731,
Size of Zebra node on disk | 269684224914 bytes
ZEC in the Transparent Pool | 12607681.39484069
ZEC in the Sprout Pool | 25781.7816951
ZEC in the Sapling Pool | 875319.69425437
ZEC in the Orchard Pool | 2662055.04475464
ZEC in the Lockbox | 57437.25
--------------------------------------------------
Shielded Supply | 3563156.520704111
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You’re conflating usage with the total number of coins in the pools.
Actual usage, as in the number of transactions being added to the blockchain on a daily basis, has been decreasing since 2020 with visible drops occurring during the second half of 2023 and again during the second half of 2024.
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More self custodied shielded ZEC is where we start to change that, imho. Real business needs privacy.
Here is what I’ve been measuring using zebrad:
Excited for the future.
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Potentially super silly question here but it’s related—I just saw on a ZecHub post there are 58 running nodes. I run a zebrad node on my raspberry pi 5. Are there only 57 other nodes running or is what I’m doing different from what ZecHub is counting?
Doesn’t impact my enthusiasm at all, I’m just curious.
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We are using the open source code found here:
Using a cURL wrapper we count user agents
./toCurl.sh getmetrics | jq .user_agents | grep 'Zebra*\|MagicBean:5.10\|MagicBean:6.0\|MagicBean:6.1\|MagicBean:6.2\|MagicBean:6.3'
We run this every Sunday and output to JSON which our site graphs. I assume we have more nodes than is being counted but this is our baseline which we run as indicated above.
I have noticed a big drop after zcashd 6.3 dropped, I assume because users / CEX’s need to update, but it is just a guess.
Thanks for running a node! 
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Awesome thank you so much for the reply. The future of zcash is bright. Ever upward.
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Here’s what the trend looks like over a 3 year period.
This appears to contradict your thesis. As the shielded pools have consistently increased over the past couple of years the number of transactions in the blockchain have continued to drop. As of yet, there doesn’t appear to be a positive correlation, unless I’m missing something.
~1,152 of the daily transactions are outputs related to the initial coinbase distribution. Neither the graph that I posted nor your table make note of that. The number of transactions initialed by users is roughly 55-60% of those daily or weekly totals.
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This is a fantastic point, I’ll try and extract those seperately!
I see a low that is holding. It is my belief we have found the bottom as shown by the self-custody numbers. You are correct in your analysis thus far, but I think the next few years will be quite interesting, espeically with the postive news coming out of a now pro-crypto governement? Time will tell 
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Starting next week, we will add coinbase tx percentage, thanks for the suggestion.
Last 100 blocks,
================================================================================
Between [3033947],[3034047]
265 txs
101 coinbase txs (=> 62.00% Coinbase txs)
433 t transfer txs
72 s transfer txs
98 o transfer txs
603 total transfer txs
T txs : 193 (=> 28.00% Shielded)
S txs in : 10
S txs out : 28
S txs : 38 ( 14.00 % )
S Inflows : -343.61260057 ZEC
S Outflows: 365.92685888 ZEC
S flow => : 22.31425831 ZEC
O txs in : 6
O txs out : 38
O txs : 44 ( 16.00 % )
O Inflows : -416.37407517 ZEC
O Outflows: 1668.57772885 ZEC
O flow => : 1252.20365368 ZEC
Total Chain supply: 16172647.41554480
Total Transparent supply: 12614384.13069
Total Sprout supply: 25781.7816951
Total Sapling supply: 872337.82245576
Total Orchard supply: 2660143.68070394
Total Lockbox supply: 57684.0
-------------------------------------------
Total Shielded supply: 3558263.28485480
\_-ZECHUB-_/
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As a follow up here are last weeks numbers. Can see these weekly with our shielded newsletter “network stats”.
================================================================================
Between [3032645],[3040709]
18619 txs
8065 coinbase txs (=> 57.00% Coinbase txs)
32640 t transfer txs
2502 s transfer txs
14400 o transfer txs
49542 total transfer txs
T txs : 13915 (=> 26.00% Shielded)
S txs in : 575
S txs out : 742
S txs : 1317 ( 7.00 % )
S Inflows : -125131.81795582 ZEC
S Outflows: 34624.99735039 ZEC
S flow => : -90506.82060543 ZEC
O txs in : 753
O txs out : 2812
O txs : 3565 ( 19.00 % )
O Inflows : -252518.63825437 ZEC
O Outflows: 124725.72401705 ZEC
O flow => : -127792.91423732 ZEC
Total Chain supply: 16182013.91554480
Total Transparent supply: 12478135.03478394
Total Sprout supply: 25781.7816951
Total Sapling supply: 903586.2384224
Total Orchard supply: 2774510.86064336
Total Lockbox supply: 58961.25
-------------------------------------------
Total Shielded supply: 3703878.88076086
\_-ZECHUB-_/
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