Railgun

Total value locked, currently 91,596,653.76 USD with a 7-day change of positive 6.93 percent, reflects how much user activity is shielded inside the system and is worth monitoring as a measure of adoption. The 30-day fee figure and its growth rate of 73.94 percent over the last 30 days indicate whether actual usage is expanding or contracting, since fees here come directly from user transactions rather than token emissions. The market-cap-to-TVL ratio of 1.40 and the market-cap-to-annualized-fees ratio of 36.03 are structural measures that shift as both the fee stream and the token's market capitalization move, so tracking them together gives a clearer picture of how the market is pricing observed activity. The circulating supply sits at 60 million tokens against a max supply of 100 million, with 60 percent of max supply currently in circulation and no remaining dilution overhang recorded, which means future supply dynamics would be driven by any policy changes rather than scheduled unlocks.

Written by an AI language model from the figures listed below, on 28 Aug 2026 09:21 UTC.