Wu said that, according to Bitrace monitoring, TornadoCash's business address earned a total of 693,412 ETH tokens during 2025, with a total value of approximately $2.5 billion. The on-chain privacy transfer protocol Railgun had a net inflow of funds reaching $1.4 billion in 2025, with the fund inflow dominated by ETH tokens, indicating that at least in the crypto-native sector, industry participants' demand for Ethereum's privacy transfers exceeds that for stablecoins.
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Wu said that, according to Bitrace monitoring, TornadoCash's business address earned a total of 693,412 ETH tokens during 2025, with a total value of approximately $2.5 billion. The on-chain privacy transfer protocol Railgun had a net inflow of funds reaching $1.4 billion in 2025, with the fund inflow dominated by ETH tokens, indicating that at least in the crypto-native sector, industry participants' demand for Ethereum's privacy transfers exceeds that for stablecoins.