#ALEO a16z released the latest encryption report stating that privacy protection is regaining focus and may become a prerequisite for large-scale applications. Signs of rising attention include: a surge in Google search volume related to encryption privacy in 2025; the supply of Zcash's shielded pool increasing to nearly 4 million ZEC; Railgun's monthly transaction volume exceeding 200 million USD. Meanwhile, the Ethereum Foundation has established a new privacy team; Paxos has partnered with Aleo to launch a private and compliant stablecoin (USAD); the Office of Foreign Assets Control has lifted sanctions on the decentralized privacy protocol TornadoCash. As encryption technology continues to mainstream, this trend will gain greater momentum in the coming years.