Railgun’s $RAIL isn’t listed on any CEX:
- Price discovery happens purely onchain
- Relative to MC, mindshare on X, and the recent integration to Ethereum L1, trading volumes are very low (~$3M USD).
CEXs probably worry about compliance.
That’s why it’s amazing crypto managed to build decentralized protocols like Uniswap, where we can access all assets.
P.S. Does using Railgun flag your wallets in Chainalysis Source of Wealth/Proof of Funds reports?

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