quick shot
- A CoinJoin is “essentially a combination of many separate individual transactions into a single larger one, such that it is not possible to link the transaction inputs (the source of the coins) to the outputs (the destination addresses of the coins) with the data in chain .”
- CoinJoins has been used in the Bitcoin base layer for years to improve transaction privacy.
- According to Glassnode, CoinJoin volumes have skyrocketed since June 2022.
- Over a 7-day moving average, the output count today is approximately 18,500 BTC. Unlike June 2022, of approximately 3,500 BTC.
- Outflow volume is 3,900 BTC over a 7-day moving average, up from 226 BTC in June 2022.
- Several different services and wallets work CoinJoin transactions, such as Wasabi and Samourai, and have reduced fees. Also, Wasabi 2 went live.
- Wasabi Wallet 2.0 launched in June 2022 to offer more privacy for less.
- With privacy being further eroded, many investors may be looking for new ways to offset that.
The charge CoinJoin Volume Explodes as Investors Apparently Opt for Privacy first appeared in CryptoSlate.
