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Messari 2023 thesis on private L1s: Zcash, ETH hybrid and Aleo

Thread46 words

Quotes the Messari 2023 thesis that Ethereum may not solve base layer end-to-end privacy for years, leaving room for a pure-play private L1 like Zcash or a ZEC-ETH hybrid, and points to Aleo as a candidate.

Key claims
Messari: Ethereum won't solve base layer, end-to-end privacy for many years if ever
Opens the door for a pure play private L1
in his 2023 @MessariCrypto Thesis @twobitidiot writes: "Ethereum won’t solve base layer, end-to-end privacy for many years (if ever). That opens the door for a pure play private L1 like Zcash, or as Balaji suggests, a ZEC-ETH hybrid." (see link in comments) @AleoHQ anyone? 🥷👀 x.com/balajis/status/1573472350951145472?s=20&t=PiDAaWCstVY50uZQsPXVbA
Open on X

What came next · since 31 Dec 2022

Show how the 2 covered assets moved

This market take reads the setup without making a call on the token, so price moves since publication are shown as market context.

Mentioned for context
$ZECZcashsince publication+3,120%+556% vs BTC
$ETHEthereumsince publication+99.8%−59% vs BTC
Since then

Zero has written 1 more piece on Messari since this one.

Daily closes in USD from DefiLlama and Yahoo Finance. Only a bullish or bearish call in a thesis or market take is tracked; explainers, lists, maps and mentions are neutral context. Not financial advice.

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