Privacy is quietly making a comeback in crypto, and this time it's not about ideology... it's about survival. A wave of high-profile hacks, wallet drainers, on-chain doxxing, and address clustering attacks in 2025-2026 has turned transactional privacy from a nice-to-have into a must-have. The market is already pricing this shift. Here's how the top privacy projects stack up right now: Zcash - $8.78B FDV Monero - $7.09B FDV Canton Network - $5.91B FDV Midnight - $763M FDV Zano - $164M FDV ZEROBASE - $162M FDV Status - $67.7M FDV The sector is splitting into three clear tiers: retail privacy coins like Zcash and Monero, institutional/compliance infrastructure like Canton and ZEROBASE, and programmable privacy L1s and apps like Midnight, Zano, and Status. Each layer serves a different need, but the narrative is converging on one truth: privacy isn't optional anymore. It's becoming the default. The quiet accumulation phase might already be happening. Are you watching the right charts?