What is the current price of Tornado Cash?
The current price of Tornado Cash is $4.06
Supply and ATH/ATL data provided by CoinGecko
Delisted / inactive on checked exchanges. On 2026-10-08, no active market was found on Binance, KuCoin, Gate, Bybit, Bitget, Kraken or OKX. Last recorded price at that check: 2026-06-25.
Hyperliquid perpetuals only. One snapshot every 5 minutes, up to 20 returned price levels per side. Liquidity beyond those levels is unknown. This is not a liquidation heatmap or a fill estimate.
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Prices and notionals are USD-equivalent venue units, with USDC collateral. No currency conversion is applied. Notional = venue price × base-asset size. Contract specifications
Derivatives and mapped ecosystem data, with source timings and coverage.
Tornado Cash is a non-custodial privacy protocol for Ethereum and other EVM networks that uses zero-knowledge proofs (zk-SNARKs) to break the on-chain link between the address that deposits funds and the address that withdraws them. TORN is its ERC-20 governance token, used to vote on protocol changes and to stake in the governance vault, where stakers receive a share of relayer fees. It matters both as one of the best-known on-chain privacy tools on Ethereum and as the subject of sanctions and a criminal case that shaped the debate over privacy software and developer liability.
The Tornado Cash documentation describes it as a "non-custodial privacy protocol allowing permissionless shielded transactions on Ethereum and derivative networks." Users deposit a fixed amount of a supported asset into a smart-contract pool and later withdraw it to a different address. Because many users deposit identical amounts, an outside observer cannot tell which deposit a given withdrawal came from.
The documentation states that the protocol is non-custodial: while assets are in a pool, only the holder of the secret note (or shielded key, for Nova) controls them.
Tornado Cash was created by a small team of developers. CoinDesk describes Roman Storm as a co-founder. The documentation does not publish a full team list. Key events:
Classic pools. A user generates a random secret, hashes it (Pedersen hash) and deposits a fixed amount along with the hash, which is added to a Merkle tree. The user keeps a private note. To withdraw, the user submits a zk-SNARK proof showing they know a secret in the tree, plus a "nullifier" hash that prevents the same deposit from being withdrawn twice. The proof reveals nothing about which deposit is theirs.
Relayers. A fresh withdrawal address has no ETH for gas. Relayers submit the withdrawal on the user's behalf and take a fee from the withdrawn amount, so the new address is never funded from a traceable source.
Nova. Tornado Cash Nova supports arbitrary amounts and shielded transfers inside the pool, using a shielded key derived by signing a message with an Ethereum address.
The documentation describes TORN as an ERC-20 token with a fixed supply. Its documented allocation, which adds up to 10,000,000 TORN, was:
Governance. Holders lock TORN in the governance contract to vote. The voting period is 5 days, quorum is 25,000 TORN, and passed proposals go through a 2-day timelock. Locked tokens used to vote stay locked for about 8 days.
Staking. Relayers lock TORN in the Relayer Registry (the documentation cites a 2,000 TORN listing amount). A registry fee is taken from each processed withdrawal and paid to TORN holders staked in governance.
Tornado Cash was one of the first privacy tools to run entirely as immutable smart contracts on Ethereum, with no operator holding funds. The documentation argues it "is not a mixer, as assets are never commingled," because zero-knowledge proofs let each depositor withdraw only their own deposit. Its relayer registry, funded by TORN staking, was built to keep the IPFS front end usable without a central operator.
Tornado Cash is an application on existing chains, not its own blockchain. Zcash and Monero build privacy into their own base layers, while Secret runs private smart contracts on its own network. Aztec is building a privacy-focused rollup on Ethereum. Tornado Cash instead adds privacy pools to Ethereum-compatible chains, so users keep their existing assets.
When the sanctions were lifted, CoinDesk quoted U.S. Treasury Secretary Scott Bessent on the need to secure the digital asset industry from abuse by North Korea and other illicit actors.
Privacy relies on zk-SNARKs built on research published by Zcash and on the 2020 trusted setup; the documentation argues that the large number of contributors makes forging proofs "implausible." The classic pool contracts are immutable. Governance changes are protected by quorum and timelocks. Privacy in practice depends on pool size and on user behaviour, such as using a relayer and not withdrawing immediately after depositing.
Tornado Cash is at the center of the question of whether open-source privacy software can be sanctioned or prosecuted. The Fifth Circuit ruling and the Treasury delisting, together with the criminal case against a co-founder, are reference points for developers, users and regulators working out how on-chain privacy tools will be treated.
TORN trades on decentralized exchanges on Ethereum, and it has also traded on some centralized exchanges, though listings have changed over time. Verify the Ethereum contract 0x77777feddddffc19ff86db637967013e6c6a116c on Etherscan before trading. A BNB Chain version exists at 0x1ba8d3c4c219b124d351f603060663bd1bcd9bbf.
TORN is an ERC-20 token and can be held in any Ethereum wallet, such as MetaMask, or on a hardware wallet such as Ledger or Trezor. To vote or stake, you must lock TORN in the governance contract through the Tornado Cash app. Keep your recovery phrase offline.
Track Tornado Cash live price, chart, market cap, and volume in real time. Practice mock trading and demo trading for Tornado Cash on CoinRithm before using real money.
Use a crypto paper trading account to demo trade Tornado Cash with real-time prices, AI trade feedback, and trading leagues. Test strategies, learn risk management, and build confidence before trading Tornado Cash with real money.
Read the complete paper trading guideThe current price of Tornado Cash is $4.06
The daily trading volume is $490,754
The market capitalization of Tornado Cash is $19,469,458.
The fully diluted valuation (FDV) of Tornado Cash is $40,600,000, calculated assuming the maximum supply of 10,000,000 TORN is in circulation.
Circulating: 4,792,435. Total: 9,999,997. Max: 10,000,000.
TORN/USDTTether USDT4.06 USDT
The attacker moved $744,000 in ETH and BNB to Tornado Cash after exploiting Cysic’s bridge to mint 10 million tokens on BNB Smart Chain.
Wallets tied to April's Drift Protocol exploit resurfaced after two months, laundering ETH through Tornado Cash while victims await recovery.
Drift exploiter-linked wallets reportedly send $109 million in ETH to Tornado Cash over two days, while $138 million remains in tracked wallets after the hack.
Wallets linked to the $295 million April hack still held $138 million in Ether after sending another $46 million to the mixer Wednesday.
The North Korea-linked attacker behind April's $295 million Drift heist pushed 25,700 ETH through the mixer in two hours, and still controls roughly $198 million more.
The April 1 hack caused about $295 million in losses and was later attributed to a North Korean threat group in a Mandiant investigation.
