buildarjun.eth ♢

Deploying smart contracts, but still figuring out life. 🚀🔗
From Testing products to Building Products 💻
Posting my journey of web3 development.

[buildarjun.eth ♢ @buildArjun]

1/ Most privacy tokens died after Tornado got sanctioned.

One didn't.

One got endorsed by Vitalik, integrated by the Ethereum Foundation, and is now generating $4.9M/yr in fees.

Let's talk about @RAILGUN_Project and it's future 🧵

Full Dashboard: https://t.co/llF5lwZ9G9

[buildarjun.eth ♢ @buildArjun]

You ain't ready for the next leg. ethereum:0xe76c6c83af64e4c60245d8c7de953df673a7a33d @RAILGUN_Project

[buildarjun.eth ♢ @buildArjun]

@RAILGUN_Project @Uniswap @anondotinc No complicated steps will make this go wildly used by the users.

[buildarjun.eth ♢ @buildArjun]

zcash:native : $10.6B mcap, $537K in annual fees.
ethereum:0xe76c6c83af64e4c60245d8c7de953df673a7a33d : $200M mcap, $4.62M in annual fees.

One of these is mispriced. The market is starting to figure out which.

ethereum:0xe76c6c83af64e4c60245d8c7de953df673a7a33d ran from $1.30 to $3.55 in a week.

Today's volume printed $4.44M — north of 7x the trailing average. This is what repricing looks like in real time.

The catalysts behind the move:

Vitalik publicly pushed $2.6M through the protocol. Not a tweet, not an endorsement — actual flow.

The Ethereum Foundation folded Railgun into the Kohaku SDK. Any wallet can now bolt on Privacy Mode without writing a line of ZK code.

Coinbase published research confirming the cryptography is quantum-resistant.

a16z flagged privacy as their #1 crypto thesis for 2026.
Grayscale added it to their 2026 Outlook.

The EU's AMLR delists Monero and Zcash in July 2027. @RAILGUN_Project is the only compliant option left standing.

74% of the supply is staked. Float is thin enough to feel every bid.

What hasn't happened yet:

Kohaku integrations are still in the pipeline. MetaMask, Rainbow, and Ambire have all signaled.

Ledger was just confirmed and isn't reflected in price.
Shielded TVL sits at $94M against Ethereum's $75B. The addressable market is roughly 800x current usage.

Every new wallet that ships tightens a float that's already barely liquid.

Run the math: ethereum:0xe76c6c83af64e4c60245d8c7de953df673a7a33d at $10 is a $572M coin. Against the Zcash comp, that's still cheap.

[buildarjun.eth ♢ @buildArjun]

The privacy sector got nuked in 2022.

Tornado sanctioned. Aztec Connect deprecated. Every privacy coin re-rated to zero.

The market decided privacy was uninvestable.
That decision is now ~3 years stale, and the gap is widening.

@RAILGUN_Project @RailgunIntern ethereum:0xe76c6c83af64e4c60245d8c7de953df673a7a33d

[buildarjun.eth ♢ @buildArjun]

Railgun does $4.9M/yr in fees on $91.88M TVL. That's a 5.3% revenue-to-TVL ratio.

Higher than Uniswap. Higher than Aave. Higher than Lido. $RAIL trades at a fraction of their multiples.

@RAILGUN_Project $RAIL

[buildarjun.eth ♢ @buildArjun]

If this was useful, drop a like and a repost - helps more people find the research.

Following @buildArjun for more deep crypto threads like this.

[buildarjun.eth ♢ @buildArjun]

1/ Most privacy tokens died after Tornado got sanctioned.

One didn't.

One got endorsed by Vitalik, integrated by the Ethereum Foundation, and is now generating $4.9M/yr in fees.

Let's talk about @RAILGUN_Project and it's future 🧵

Full Dashboard: https://t.co/llF5lwZ9G9

[buildarjun.eth ♢ @buildArjun]

15/ Full dashboard with the data, charts, tokenomics breakdown, and full investment thesis is here: https://t.co/llF5lwZ9G9

Not financial advice. Always DYOR.

But this is one of the cleanest infrastructure setups I've looked at this year.