Tornado Cash Hits 2026 High With 968 Deposits in a Single Day

Tornado Cash processed 968 deposits on July 23, marking its busiest single day of 2026 so far. Fresh data from L2Beat shows that activity on the privacy protocol is picking up speed as users return in large numbers.

This spike suggests that large scale attackers and privacy seekers are using the platform heavily again. Usage has climbed steadily since the United States Treasury removed its sanctions in March 2025, bringing the protocol back into regular use for crypto holders wanting financial privacy.

Traders and industry observers should watch to see if this daily volume continues to rise through the rest of the year. Increased activity on privacy tools often draws fresh attention from regulators, so market participants will keep a close eye on future developments.