Zcash (CRYPTO: ZEC) surged 5% on Tuesday, following Zcash Open Development Lab’s announcement of over $25 million in seed funding from Paradigm, a16z crypto, Winklevoss Capital, and Coinbase Ventures.
The $25M ZODL Funding Round
ZODL was founded by Josh Swihart, former CEO of Electric Coin Company. Under his leadership, ECC launched the flagship Zcash wallet Zodl, setting a new standard for Zcash usability.
Since its launch in 2024, the app drove growth in the Zcash shielded pool by over 400% and facilitated more than $600 million in ZEC swaps since October 2025.
Earlier this year, the entire ECC team including the product team behind the wallet joined ZODL to continue building the primary user interface for Zcash.
The work centers on developing Zodl as an open, self-custodial private financial platform designed to expand ecosystem …