Zcash Users Move $80 Million to New Ironwood Pool

Zcash saw a flurry of activity in its first day as roughly 80 million dollars worth of ZEC moved into the new Ironwood pool. This transition represents about 5 percent of the total supply previously held in the now retired Orchard pool.

The Orchard pool is currently closed to new deposits, meaning any users still holding funds there must move their assets to remain active. This shift is a necessary step for the network as it updates its infrastructure to support new features.

While the majority of funds remain in the old pool for now, the quick start shows that users are paying attention to the transition. Traders should keep an eye on how fast the remaining assets move over the coming weeks, as this will show how active the Zcash community is during this technical upgrade.