Live · updated 8 minutes ago
Railgun Price chart
Key stats
Performance
How the price moved over each period.
Supply
60.00M of 100.00M RAIL are in circulation.
- Circulating
- 60.00M
- Total supply
- 60.00M
- Max supply
- 100.00M
ⓘ Circulating · Total supply · Max supply
Circulating supply: coins currently available to trade, as reported by the data provider.
Total supply: coins created so far, minus any burned. It includes locked or not-yet-released coins.
Max supply: the hard cap on coins that can ever exist. Shown as “No max supply” when the protocol sets no cap.
CryptoWave Health score
Five measurable signals. Each ring segment’s length is its weight; how full it is shows the score.
Volume is 0.20% of market cap. Thin trading; small orders can move the price.
$127.77M market cap, rank #220. Bigger is harder to push around.
60% of the maximum supply circulates. Little dilution ahead.
62.4% below its all-time high of $5.66.
Largest recent swing: 7.68% a day. Volatile.
Describes market structure today. Not a price forecast and not investment advice.
How this score is calculated
A weighted average of five signals computed from the market data on this page. Each signal is scored from 0 to 100:
- Liquidity (25%): 24-hour trading volume divided by market cap.
- Market depth (25%): market cap, on a logarithmic scale from $10 million to $1 trillion.
- Supply (15%): circulating supply divided by max supply, or by total supply when there is no cap. More supply already in circulation scores higher.
- Distance from peak (15%): the current price compared with the all-time high.
- Stability (20%): the largest recent price swing among the 1-hour move (×3), the 24-hour move and the 7-day move (÷2.6).
Bands: 75 and above strong, 55–74 fair, 35–54 weak, below 35 fragile.
Limits: the score describes current market structure only. It is not a price forecast, an audit or investment advice, and it does not consider the team, code or token unlocks. A missing input counts as a neutral 50.
Time machine
Drag the date. See what a one-off buy or a regular buy would be worth today. Real daily closing prices, fees not included.
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What is Railgun (RAIL)?
Railgun is a privacy system made of smart contracts that hides the sender, recipient, token type and amount of on-chain transactions using zk-SNARK proofs. It works directly on public blockchains with no bridge or separate layer 2. RAIL is its governance token. The RAIL token launched in July 2021, and the protocol is governed by the Railgun DAO.
How Railgun works
Users move ERC-20 tokens from a public address into a shared private balance, a process called shielding. Inside that pool, they can send tokens and interact with DeFi apps without exposing their identity or balances. Each user has a public 0x address and a private 0zk address. Transactions can be submitted through Broadcasters, which pay gas on the user's behalf so the activity does not trace back to a personal wallet. Privacy strength depends on how many users and how much activity share the pool.
- Private transfers and private DeFi interactions.
- Governance voting by RAIL stakers on DAO proposals.
- Protection from front-running and wallet tracking.
RAIL supply and token design
RAIL has a maximum supply of 100,000,000 tokens. Live circulating supply is shown in the market data on this page. The protocol charges a 0.25% fee on shielding and unshielding, which goes to the DAO-controlled treasury. Railgun is deployed on Ethereum, Arbitrum, Polygon and BNB Chain. The Ethereum RAIL contract is 0xe76c6c83af64e4c60245d8c7de953df673a7a33d.
The design avoids a separate chain: the privacy contracts live on each supported network, and users keep control of their keys. Developers can build on the same system through its open-source SDK and repositories on GitHub, which lets wallets and apps add private balances. Railgun's own documentation notes that privacy is stronger for widely used tokens such as major stablecoins than for assets with little activity, since a bigger crowd makes individual transfers harder to link.
Official information is on railgun.org.
What to check before using RAIL
- Privacy depends on the pool. Small or low-use tokens give weaker anonymity.
- Smart contract risk. Funds in the shielded pool rely on audited but still complex contracts.
- Regulatory attention. Privacy tools face scrutiny in some jurisdictions, and some platforms restrict users or deposits that touch them.
- Governance token only. RAIL gives voting rights, and the protocol works without holding it.
- Operational mistakes. Careless withdrawals or timing can leak the link between private and public addresses.
Railgun project profile
- Open source
- No
- Hardware wallet support
- Yes
Token contracts
- Ethereum:
0xe76c6c…a7a33d
Always confirm links on the project's own official channels before connecting a wallet or sending funds.
Railgun market analysis
With a market capitalisation of $127.77 million, Railgun (RAIL) is classed as a small-cap asset and ranks #220 of 406 cryptocurrencies with a reported market cap on CryptoWave, larger than about 45.8% of them. It accounts for roughly under 0.01% of the combined tracked market value. Small-cap assets can move quickly on news or exchange listings, and liquidity can thin out fast in sell-offs.
Over the last 24 hours roughly $253.0 thousand of RAIL changed hands, equal to 0.20% of its market cap, which puts its trading volume ahead of about 27.3% of tracked assets. Trading activity is very low relative to market cap, which usually points to poor liquidity. Its turnover ratio is higher than that of about 24% of tracked assets.
Price action: RAIL moved −7.68% in 24 hours and −10.80% over 7 days. It underperformed Bitcoin by 5.50 percentage points over 24 hours and by 7.21 points over 7 days. Against the median tracked coin (behind by 5.69 points on the day and behind by 6.31 points on the week), it has been a relative laggard in recent sessions.
To overtake lium (SN51) just above it, Railgun would need to grow its market cap by about 0.1%; it is 0.1% larger than The Sandbox (SAND) just below. Its market cap is under 0.01% of Bitcoin's.
Based on market data; not investment advice.
Railgun FAQ
What is Railgun (RAIL)?
Railgun is a smart contract privacy system that uses zero-knowledge proofs to hide transaction details on public chains. RAIL is its governance token.
What is RAIL used for?
RAIL is used to vote on proposals in the Railgun DAO. Using the privacy system itself does not require holding it.
How many RAIL tokens are there?
The maximum supply is 100,000,000 RAIL.
Which chains does Railgun support?
Railgun is deployed on Ethereum, Arbitrum, Polygon and BNB Chain.
Price history
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