The Ethereum Foundation deployed 47 full-time engineers on privacy infrastructure. Monero has 50 contributors total, not even full-time. Zcash has 30. Ethereum just committed more privacy talent than any privacy chain ever assembled. The December Fusaka upgrade starts delivery. SWIFT is already building on Linea, validating the thesis. The market is pricing ETH on ETF flows, not protocol dominance in $100T TradFi privacy requirements.
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