Railgun is privacy software, made of smart contracts and backend tools, that other wallets can build into their own apps so users can send, receive, and use Ethereum tokens privately. Its pages make no dated promises we could check. It trades at $2.02, #235 of all coins by size, 64% below its highest ever price.
This week Nothing changed on its record.
A real job. No dated promises on its pages. Nothing dated ahead. #2 of 7 mev protection coins. Nothing to be careful of on the record.
Is it real?
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1 of 4
- ✓A real-world jobReal-world purpose: private payments
- –Real backingA named investor, an index, a major exchange, or a billion-dollar size.
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- –Room to growWorth at least four times less than the biggest coin doing the same job, so the gap is real, not a guess.
No named backer
- Origin9 November 2022about about 3 yearsFrom GB (CoinGecko)railgun.org, GitHub, Whitepaper
- DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
- BackingNo named investorNot on a big exchange we track
- Standing on the recordNo recordNo dated promise to judge yet8 headlines last month19,214 people keep it on a CoinGecko watchlistNo corrections needed so far
It is already worth more than the typical coin in MEV Protection ($15.17M). To match the leader, Gnosis ($300.72M), its price would need to rise 148%, to about $5.02.
Still to check
- No dated promise on record yet, so delivery cannot be judged
- Listed on fewer than two big exchanges
- No named investor among its tags
- Only 8 headlines named it last month
- Years younger than the group's leader
What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.
A gap is not a forecast. Most small coins never close it. The site never picks.
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
What is next, and when?
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Nothing dated
The project has not put a date on anything still open. That is a fact worth knowing.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
Private payments
8 coins we checked say they are for private payments, worth $30.09B together. #4 of 8 by worth.
MEV Protection: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
Railgun$121.1Mthis coin−3.8%60% outnone dated
Gnosis$300.72M2.5× bigger, +$179.62M−2.4%, gap +1.588% outnone dated
CoW Protocol$76.4M1.6× smaller, −$44.7M−4.9%, gap −1.157% outnone dated
Verus$16.48M7.4× smaller, −$104.63M+4.0%, gap +7.897% outno record
HumidiFi$13.86M8.7× smaller, −$107.25M−4.2%, gap −0.323% outno record
Hashflow$5.39M22.5× smaller, −$115.71M−0.4%, gap +3.493% outno record
what the hook?$2.47M49.1× smaller, −$118.64M−16.0%, gap −12.2100% outno record
MEV Protection: this coin next to Gnosis, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- Railgun says
- Railgun is privacy software, made of smart contracts and backend tools, that other wallets can build into their own apps so users can send, receive, and use Ethereum tokens privately.
- Gnosis says
- Gnosis offers an app where people use money created by individuals instead of banks, and the app also works with a Visa card.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
Railgun is privacy software, made of smart contracts and backend tools, that other wallets can build into their own apps so users can send, receive, and use Ethereum tokens privately.
Its listing puts it this way: RAILGUN secures privacy for DEX trading and lending. Built without any bridge or layer-2, RAILGUN is a smart contract system that gives zk-SNARK privacy to any transaction or smart contract interaction on Ethereum.
Problem it says it solves: private payments. 21 coins we have checked say the same; together they are worth $42,412,926,293.
Where it trades: Uniswap V3, Uniswap V2, MEXC, Sushiswap, Uniswap V4
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
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The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $5.66 on 7 November 2025. Today is 36% of that.
60%
of all RAIL that will ever exist is already out in public hands: 60M coins.
40% (40M coins) is not yet created or held by the project. That is a large share, though not a majority. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
A vote, nothing more by itself
Holders vote on how the project runs. The coin does not pay for anything on its own.
- A vote on how the project is run
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- of the maximum supply is in circulation: 60M of 100M.
- 40Mcoins still to be released, 40% of the maximum. Releases can add selling pressure.
- of its all-time high of $5.66 on 7 November 2025. That is −64.3% from the top.
- #235by market cap, $121,103,718.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
- $98.87M is locked in it right now
From DefiLlama, refreshed nightly. Fees are what people paid to use the thing; value locked is what they trust it to hold. Facts, not a score.
What the news says
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Headlines per day, last 30 days
8 headlines named this coin in the last month.
What they were about
- How Railgun Uses Zero-Knowledge Proofs To Make Onchain Privacy Work
- How Railgun Uses Zero-Knowledge Proofs To Make Onchain Privacy Work
- Railgun Surges 32% In 24 Hours As Privacy Protocol Demand Returns
- Railgun Surges 32% In 24 Hours As Privacy Protocol Demand Returns
- Railgun Surges 32% In 24 Hours As Privacy Protocol Demand Returns
- RAILGUN and the risks of laundering cryptocurrency through anonymous transactions
- Learn All Crypto Topics | Phemex Blog
- Andrew Tate sends harsh message on crypto from Miami prison
8 headlines in the last month.
Headlines are the publishers' own. News is never placed next to price.
The record itself
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy
Railgun is privacy software, made of smart contracts and backend tools, that other wallets can build into their own apps so users can send, receive, and use Ethereum tokens privately.
“RAILGUN is a set of smart contracts, backend infrastructure that can be integrated into any wallet.”source · snapshot · captured 2026-09-14
Live. The record does not yet cite when this stage began.
No dated or committed promises have been recorded yet.
Others in privacy networks: Zano 51 of 69, Internet Computer 20 of 23, Nockchain 20 of 30, Beldex 10 of 48, and 7 more.No public code repository is listed in this record.
The project's homepage page last changed on 14 September 2026.
Nothing further to flag from the record as it stands.
This record was drafted by a machine from captured pages and has not yet been checked by a person. Treat every line as unverified until that note changes.