Tornado Cash attracted huge ETH volumes last year



Analytical data from the Bittrace platform shows that in 2025, the privacy protocol Tornado Cash became the target of significant Ethereum transfers. A total of 693,412 ETH were sent there, which at the current valuation of $3.36 thousand per token amounts to approximately $2.5 billion USD.

Ethereum dominates among deposits

Ethereum clearly dominates the deposit structure directed to Tornado Cash. Considering the net inflow of funds throughout 2025, the net profit was $1.4 billion USD, with Ethereum accounting for the vast majority of capital movement. This indicates sustained user interest in privacy solutions within the Ethereum ecosystem.

What do these numbers mean for the market

The scale of this phenomenon is highlighted by a comparison with the ETH price – each deposited token had significant market value. Tornado Cash remains one of the largest liquidity-mixing protocols, regardless of the regulatory changes it has undergone in recent years.
ETH-0.56%
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