Most on-chain users actually do not want to expose their activity records; they are simply making a trade-off between privacy and experience—because the most user-friendly products often prioritize ease of use. This is why privacy features continue to underperform: they always come with friction.

Imagine if Solana launches a privacy product that works exactly like Phantom, indistinguishable in every way—what would happen? Users' choices are already clear—the privacy experience will win. The key has never been about privacy itself, but whether the product is good enough.