Total Value Locked$81.2m
TVL by Chain
Ethereum$76.38m
Arbitrum$3.19m
BSC$964,369.91
Polygon$662,054.75
Key Metrics
Fees (Annualized)$4.63m
Fees 30d$310,579
Ethereum$280,643
Arbitrum$15,501
BSC$7,942.56
Polygon$6,492
Fees 7d$46,939
Ethereum$40,542
Arbitrum$4,581
BSC$1,012.56
Polygon$804
Fees 24h$5,494
Ethereum$4,127
Arbitrum$1,291
BSC$54.62
Polygon$21.28
Cumulative Fees$12.96m
Ethereum$11.69m
Arbitrum$730,069
BSC$274,894.18
Polygon$271,264.28
Revenue (Annualized)$4.63m
Revenue 30d$310,579
Ethereum$280,643
Arbitrum$15,501
BSC$7,942.56
Polygon$6,492
Revenue 7d$46,939
Ethereum$40,542
Arbitrum$4,581
BSC$1,012.56
Polygon$804
Revenue 24h$5,494
Ethereum$4,127
Arbitrum$1,291
BSC$54.62
Polygon$21.28
Cumulative Revenue$12.96m
Ethereum$11.69m
Arbitrum$730,069
BSC$274,894.18
Polygon$271,264.28
Holders Revenue (Annualized)$1.63m
Holders Revenue 30d$83,093
Ethereum$83,093
Arbitrum$0
BSC$0
Polygon$0
Holders Revenue 7d$0
Arbitrum$0
BSC$0
Ethereum$0
Polygon$0
Holders Revenue 24h$0
Arbitrum$0
BSC$0
Ethereum$0
Polygon$0
Cumulative Holders Revenue$1.7m
Ethereum$1.7m
Arbitrum$0
BSC$0
Polygon$0
Market Cap$91.8m
$RAIL Price$1.53
$91.8m
$RAIL Volume 24h$151,093
CEX Volume$65,761.68
DEX Volume$137,800.83(91.2% of total)
Staked$62.72m(68.32% of mcap)
$RAIL Liquidity$6.2m
Uniswap V3$4.01m
Uniswap V2$1.22m
SushiSwap$970,097
Treasury$7.51m
$1.82m
Stablecoins$1.44m
Own Tokens$4.18m
Others$68,131.81
Total Raised$7m
Jul 26, 2021$7mRound: Private token saleInvestors: DCG
Protocol Information
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.
Category:Privacy
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: All fees paid by users using Railgun privacy services.View code on GitHubRevenue: All fees collected by Railgun.View code on GitHubHolders Revenue: 2% of the treasury is distributed to the claiming mechanism every 2 weeks. This means that every year, ~52% of the treasury goes to stakersView code on GitHubTreasury: Value of tokens owned by the protocolCompetitors
Frequently Asked Questions
What is Railgun?
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.
What is Railgun's TVL?
Railgun currently has $81.2m in total value locked. TVL has increased 5.2% over the past 30 days.
What chains does Railgun operate on?
Railgun operates on 4 chains: Ethereum, BSC, Arbitrum, and Polygon. Ethereum holds the largest share at 94.1%.
How much has Railgun generated in fees and revenue?
Over the past 30 days, Railgun generated $310,579 in fees. Of that, $310,579 was protocol revenue. Based on the trailing year, the annualized rate is $4.63m in fees and $4.63m in revenue.
What is the RAIL token price and valuation?
RAIL is currently trading at $1.53. Its circulating market capitalization is $91.8m, ranking it #372. Its fully diluted valuation is $91.8m. Supply currently stands at 60m circulating, 60m total supply, 100m maximum supply.
How has RAIL performed recently?
RAIL is down 4.3% over the past 7 days and down 27.4% over the past 30 days. Its all-time high is $5.66, reached on Nov 7, 2025. The token is currently 73% below that level.
How does Railgun's TVL compare to similar protocols?
Among Privacy protocols tracked by DefiLlama, Railgun ranks #2 by TVL. The category holds $711.05m across 33 protocols, and Railgun accounts for 11.4% of that total. Other leading protocols include Tornado Cash, Zama, and Privacy Pools.
Does Railgun have a treasury?
Railgun has a tracked treasury currently valued at $7.51m. Its holdings include $1.44m in stablecoins, $1.82m in major assets, $4.18m in its own tokens, $68,131.81 in other assets.

