2026 will be the first year of privacy payment explosion But the direction of traditional privacy coins is likely to be wrong The cruel data is there. More than 90% of Zcash transactions still use transparent addresses, rendering privacy features virtually non-existent. Users see it as digital gold with privacy features, rather than a real payment tool. Even more deadly is that in the past two years, mainstream exchanges such as Binance, OKX, and Upbit have successively taken down XMR and ZEC. Privacy coins are being systematically marginalized, and compliance funds cannot enter at all. But the demand for privacy itself is exploding. Enterprises urgently need to protect the confidentiality of business relationships and capital flows Individual users are increasingly rejecting completely transparent payment channels The tightening of regulation has actually given rise to a huge demand for compliant privacy tools Under this differentiation, the following two key judgments are becoming a reality: Firstly, users are more willing to achieve privacy within the existing on chain ecosystem rather than purchasing privacy coins specifically. Secondly, the true demand for privacy payments is stablecoins, not stablecoins. No one is willing to use XMR or ZEC for daily payments with volatile prices. The real pain point is' sending USDT/USDC privately '. AnomalPay is stepping on this node. It is not another privacy coin, but an infrastructure that enables any token to receive enterprise level privacy protection. The private beta version has been launched on Base, and I really enjoyed it. In short, compared to privacy coins, its core breakthrough lies in: No need to change existing asset allocation No need to set up a new wallet or download new software One click call to privacy function The fee can be paid with any supported token I hope to open beta as soon as possible to support more chains and features. Looking ahead to the future In 2026, the landscape of privacy payments will rapidly shift from "privacy coins" to "privacy layers/applications". Narrative level: The concept of privacy coins is still stronger than privacy protocols. On a practical level, privacy infrastructure is devouring the market share of privacy coins. This differentiation will become more pronounced in 2026.