Zcash (ZEC) is rapidly narrowing the gap with Hyperliquid as their market capitalizations approach parity. ZEC’s market capitalization stands at roughly $19.3 billion, only about $570 million—less than 3 percent—behind Hyperliquid, which currently sits at $19.87 billion. If Hyperliquid’s valuation remains steady, ZEC would surpass it as the ninth-largest cryptocurrency by market capitalization once its price breaks between $1,178 and $1,180.