Zcash NU7 upgrade activates, removing 60% of transaction fees from circulation

Zcash activated its NU7 upgrade at block 3,543,405 at 9:34 p.m. ET Thursday, per Blockchair data. The upgrade switches on Shielded Labs' Network Sustainability Mechanism, which removes 60% of transaction fees from circulation. Traders watching ZEC supply dynamics will note the reduced sell pressure from fees, though the immediate price impact is likely modest.