The Zcash Foundation published its Q1 2026 report, revealing that the U.S. Securities and Exchange Commission closed its investigation into the privacy-focused blockchain without recommending enforcement action.
The foundation described the quarter as one of the most consequential in its history, citing ecosystem transitions, new infrastructure, and technical work tied to Network Upgrade 7.
ZEC was trading near $573 at press time, extending a rebound of more than 160% since late March, following a surge from $74 in October 2025 to over $630 last year driven by privacy-focused demand and institutional attention.
The report highlighted network resilience amid governance disputes at Electric Coin Company, where departures of much of the development team did not disrupt block production or transaction settlement.
Zcash Foundation reported strengthening infrastructure with new DNS seeders, Zebra updates, and progress on the Z3 stack, zcashd deprecation, NU7, and FROST tooling.
Average monthly operating expenses were approximately $272,539 in Q1, with total quarterly expenses of $817,618. The simplified balance sheet showed $36.7 million in total liquid assets, including 85,412 ZEC valued at $21.2 million.