Overview
Railgun(RAIL)
Token Price$2.57
24h Change+21.51%
All Time HighNov 7, 2025$5.66
All Time LowNov 9, 2022$0.23
Key Metrics
Market Cap$147.68m
Fully Diluted Valuation$256.84m
Circ. Supply57.5m RAIL
Max Supply100m RAIL
Volume 24h$2.4m
CEX Volume$316,948
DEX Volume$2.17m
Token Liquidity$6.2m
Uniswap V3 · Ethereum$4.01m
Uniswap V2 · Ethereum$1.22m
SushiSwap · Ethereum$970,097
Treasury$3.53m
Majors$1.62m
Stablecoins$1.16m
Own Tokens$676,162
Others$78,440
Total Raised$7m
Private token sale · Jul 26, 2021$7m
Income Statement for Railgun
| Q2 2026* | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross Protocol Revenue | $753.03K | $999.65K | $1.24M | $1.30M | $1.03M | $1.40M | $1.32M | $1.10M | $1.42M | $526.09K | $378.68K | $276.40K | $367.26K | $267.3K | $7.75K |
Cost of Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Gross Profit | $753.03K | $999.65K | $1.24M | $1.30M | $1.03M | $1.40M | $1.32M | $1.10M | $1.42M | $526.09K | $378.68K | $276.40K | $367.26K | $267.3K | $7.75K |
Earnings | $753.03K | $999.65K | $1.24M | $1.30M | $1.03M | $1.40M | $1.32M | $1.10M | $1.42M | $526.09K | $378.68K | $276.40K | $367.26K | $267.3K | $7.75K |
Token Holder Net Income | $272.57K | $361.46K | $465.35K | $521.72K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Others Token Holder Flows | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $268.21K | $378.68K | $276.40K | $367.26K | $265.77K | $7.75K |
| Bribes Revenue | $268.21K | $378.68K | $276.40K | $367.26K | $265.77K | $7.75K |
Markets
Token Rights and Value Accrual
Updated Mar 12, 2026Overview
- Token(s)
- RAILsRAIL
- Token Type
- GovernanceUtility
- Utility
- Staking
RAIL is a governance token that allows holders to participate in the decentralized governance of the RAILGUN protocol. RAIL can be staked to secure the protocol and collect security rewards.
Governance Rights
ControlRAILGUN governance is decentralized, any wallet that locks RAIL can vote on and submit proposals to vote. For all governance stages, 1 RAIL locked is equal to 1 vote, snapshots of voting power are taken at each governance stage. Votes can also be delegated to another wallet. The decentralized governance system is the only way in which upgrades to the RAILGUN protocol can be made.
Governance Decisions
There are no subject matter limitations on the decentralized governance system and every Active Governor is entitled to submit a proposal on any code changes. RAIL on Polygon and BSC have their own separate governance systems and have chain-specific tokens: RAIL (on Ethereum), RAILPOLY and RAILBSC.
Treasury Decisions
Active Governors can submit a proposal for the distribution of treasury tokens.
Revenue Decisions
Governance can propose changes to Deductions, which are fees taken per shield & unshield interaction and sent to the treasury address, a portion of which is distributed to stakers.
Fee Switch
ONStakers receive rewards to incentivize active engagement. 2% of treasury tokens accumulated through Deductions are allocated to stakers on a regular basis.
Resources
Primary Value Accrual
Protocol Revenue ShareValue accrues to stakers through treasury distributions every two weeks.
Equity Statement
RAILGUN was not started by a company with shareholders, but as an open GitHub project. Fees go to the voters who protect the protocol updates.
Economic Rights
Value CaptureRAIL stakers receive a portion of protocol Deductions as an incentive for participation in code changes. 2% of the treasury tokens are allocated to stakers every two weeks. To receive rewards, stakers must not delegate their vote to a different address.
Buybacks
N/ADividends
Participating stakers who don't delegate their vote can submit gas to claim rewards every two weeks.
Burns
N/ANo burn mechanism is currently active
Ownership
- Fundraising
- Token Sale
- Equity Revenue Capture
- No
- Associated Entities
- DAO
Token Usage
An is required to view token usage.
Yields
Tracking 5 pools, average APY 50.35%
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabWETH-RAIL1% | $5.56m | 60.97% | 60.97% | 27.13% | |||||
| open in new tabWETH-RAIL | $1.43m | 55.02% | 55.02% | 24.25% | |||||
| open in new tabWETH-RAIL | $973,792 | 42.57% | 42.57% | 17.92% | |||||
| open in new tabUSDC-RAIL1.00% | $465,554 | 53.38% | 53.38% | 75.48% | |||||
| open in new tabDAI-RAIL | $211,346 | 39.79% | 39.79% | 18.15% |