Convert between RAIL and US dollars at the live rate.
$5.66
−71.24% from current
$0.228324
+613.90% from current
Independent editorial ranking. Score is 0–10 across six criteria: Security, Fees, UX, Features, Support, Reputation.
US and EU users who prioritise a spotless security record — no major hack since 2011 — and want a serious pro-grade trading terminal.
Institutions and funds requiring an SEC-registered venue with segregated qualified custody and audited on-chain reserves.
Active spot traders chasing the deepest global liquidity and the widest listing catalogue outside the US perimeter.
Traders who mix spot and on-chain — the Web3 wallet, DEX aggregator and Ethereum L2 X Layer sit inside the same account as CEX pairs.
Long-horizon EU holders who want the oldest continuously-operating exchange (2011) with conservative listings and full MiCA licensing.
Derivatives-first traders who want tighter perp funding and a maker-friendly fee schedule; accept offshore regulatory footprint.
Top coins in the same category, ordered by market cap.
Railgun is a privacy smart-contract system deployed on Ethereum, Polygon, BNB Chain, and Arbitrum. It allows users to shield ERC-20 tokens, execute swaps, and interact with DeFi protocols without exposing wallet addresses or transaction amounts on-chain. Railgun's privacy is enforced entirely by zero-knowledge proofs — there is no trusted hardware, off-chain relayer set, or wrapped-token mechanism.
The RAIL token governs the Railgun DAO and receives a share of protocol fee revenue. Unlike most privacy projects, Railgun does not build its own blockchain. Instead, it deploys shielded pool smart contracts on existing EVM chains, meaning users keep their preferred chain's security model and liquidity while gaining transaction privacy on top.
RAIL is listed on Uniswap, SushiSwap, and a small selection of centralized venues. Liquidity is concentrated in DeFi pools, which makes the price sensitive to pool depth shifts.
What drives the RAIL price:
All data on this page refreshes every 60 seconds. The sections below reflect conditions at page load.
Railgun implements a shielded pool based on Groth16 zk-SNARK proofs and a UTXO-style note model, similar in architecture to Zcash shielded transactions but deployed as a smart contract rather than a standalone chain. Users deposit ERC-20 tokens into the shielded pool and receive encrypted notes representing their balance. Every subsequent transfer or withdrawal generates a zk-SNARK proof that validates the inputs without revealing the sender, receiver, or amount.
The proving key was generated in a public multi-party computation ceremony. No single participant can break the privacy guarantee; all participants would have to collude and none is trusted individually.
The total RAIL supply is 100 million tokens. Initial distribution covered team and investors on vesting schedules, a DAO treasury, and community incentives. Governance and fee-share mechanics give RAIL a dual function as both a voting token and a yield-bearing asset.
Railgun smart contracts are deployed on four EVM chains as of 2025: Ethereum mainnet, Polygon, BNB Chain, and Arbitrum. The Railway wallet is the primary interface, available as a browser extension and mobile app for iOS and Android. Third-party integrations include DEX aggregators that route through Railgun's private swap infrastructure.
RAIL is primarily a DeFi-traded token. Most buyers acquire it on-chain through Uniswap or SushiSwap.
There is no native bridge; RAIL exists on Ethereum as the primary contract. Polygon and other chain deployments are bridged representations.
Railgun is frequently compared to Tornado Cash, the Ethereum mixer sanctioned by OFAC in August 2022. The two systems target overlapping privacy needs but use different designs. See also our Monero page for a non-EVM privacy baseline.
The architectural differences give Railgun a stronger compliance story, but regulatory risk for on-chain privacy infrastructure remains elevated across the board.
Regulatory risk is the dominant concern for Railgun, followed by liquidity risk and smart-contract risk.
For price trajectory scenarios, see our Railgun price forecast. For context on the privacy coin landscape, our Monero page covers the leading privacy-native asset.
This page is for informational purposes only and does not constitute financial advice. Privacy tools may be restricted in certain jurisdictions. Verify legal status before use.
Analysis last updated:
Railgun (RAIL) trades at $1.63 with a 24-hour volume of $343.26K and a market capitalization of $97.67M. The asset is currently ranked #267 among all tracked cryptocurrencies.
In the last 24 hours, the RAIL price has fallen +12.18%. On a seven-day window, Railgun has climbed +9.68%, showing mixed signals between the short and medium term. Short-term moves are often amplified by liquidity, news flow, and derivatives positioning, so confirm signals across multiple indicators before acting.
Railgun's all-time high of $5.66 was set on November 7, 2025. The current price sits +71.24% below that peak. Distance from the all-time high is a common reference point when evaluating long recoveries and macro support or resistance.
Buying Railgun (RAIL) is a five-step routine once you have picked the right venue and pair. The steps below mirror what most investors do today.
You can also use the Railgun converter above to estimate how much RAIL you would get for a given dollar amount before placing the order.
Whether Railgun is a good investment depends on your goals, time horizon, and tolerance for volatility. Like all cryptocurrencies, RAIL carries real market risk: prices can rise or fall sharply in a day, and past performance is not a reliable indicator of future returns.
This page provides data and analysis for educational purposes only. It is not financial advice. Always do your own research, diversify, and never invest more than you can afford to lose.
