The TVL (TVL) of a 100 ETH pool on Tornado Cash has decreased by 40% in the past week, with over 120,000 ETH being transferred.
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TL;DR
A 100 ETH pool on Tornado Cash saw a 40% TVL drop in a week, with 120,600 ETH transferred. The address is linked to developer Richard Heart and his project ProveX, which uses zero-knowledge proofs for trustless P2P crypto transactions.
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EthereumLayer 1Smart ContractsTornado CashTVLRichard HeartProveXzero-knowledge proof
According to Mars Finance, on January 11th, crypto analyst Cryptosolv reported that the TVL (TVL) of a 100 ETH pool on Tornado Cash decreased by 40% in the past week, with 120,600 ETH being transferred. Onchain Lens stated that the relevant address belongs to crypto developer Richard Heart, and the wallet may be related to his new project, ProveX. In the past four months, he has transferred 162,937 ETH through Tornado. Public information shows that ProveX aims to achieve completely trustless, peer-to-peer (P2P) cryptocurrency transactions and settlements using zero-knowledge proof technology.