<p><span style="font-weight: 400;">The privacy pool value on Tornado Cash appears to be spiking, according to </span><a href="https://www.theblockcrypto.com/data/decentralized-finance/asset-management/tornado-cash-privacy-pool-usd-value-daily"><span style="font-weight: 400;">data</span></a><span style="font-weight: 400;"> compiled by The Block. </span></p> <p><span style="font-weight: 400;">In just three days, the pool grew from $15.54 million on December 17th to $23.89 million on the 20th — a 54% increase. </span></p> <p><span style="font-weight: 400;">A possible explanation for the increase is that Tornado Cash launched its governance token, TORN, on December 18th. TORN holders can collectively change the protocol of Tornado Cash, allowing the mixer “to evolve under the stewardship of its community,” according to a </span><a href="https://tornado-cash.medium.com/tornado-cash-governance-proposal-a55c5c7d0703"><span style="font-weight: 400;">post</span></a><span style="font-weight: 400;"> from its developers.</span></p> <p><iframe title="Tornado Cash Privacy Pool USD Value" src="https://embed.theblockcrypto.com/data/decentralized-finance/asset-management/tornado-cash-privacy-pool-usd-value-daily/embed" width="100%" height="420" frameborder="0"></iframe></p> <p><a href="https://www.theblockcrypto.com/daily/86973/crypto-exchanges-mixers-fincen-money-laundering"><span style="font-weight: 400;">Tornado Cash</span></a><span style="font-weight: 400;"> is an Ethereum-based mixer, which obscures the on-chain tie between transaction recipient and sender. Tornado Cash launched in 2019 and supports ETH, DAI, cDAI, and USDC through four mixer contracts. </span></p>