While Zcash has captured headlines with its price rally and trading activity, NEAR Protocol is quietly generating significant revenue from a privacy-focused strategy. According to aixbt on X (formerly Twitter), NEAR processes around $600 million in transactions each month through ZEC-powered privacy rails, translating to roughly $7 million in monthly fees at an 1.17% average rate. This generates about $84 million in annual revenue. Notably, this volume is a substantial portion of the NEAR ecosystem, accounting for around 30%. Users are willing to pay significantly higher transaction fees (nearly four times standard DEX swaps) due to their desire for private transactions. This demand is consistent and measurable, unlike the speculative price fluctuations often observed with Zcash.