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You said

> As it stands, any private transaction on the Zcash chain stands out like a sore thumb

Is that actually still the case or has the change to defaults made anonymity more common?

If you look at recent mined blocks, a majority of transactions are still public. So yes, even if the default is shielded wallets and private transactions for a specific wallet, most of the chain is not using them.

True, but as of this month 30% of zcash transactions are shielded, and 20-25% of addresses are private. That's a fairly large anonymity set. The percentage of shielded transactions is also increasing, at a rate that will make them a majority within a year if the trend continues.

https://www.coindesk.com/research/inside-zcash-encrypted-mon...

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