Railgun (RAIL) has hit a new all-time high today amid a bullish rally that pushed its price up more than 300% over the past week.
The surge comes amid renewed momentum in the privacy coin market, with leading privacy-focused cryptocurrencies also posting strong gains throughout October.
Railgun (RAIL) Price and TVL Soar in October Rally
Railgun is a privacy-focused protocol on Ethereum (ETH). It lets users shield transactions, swap tokens, and interact with DeFi protocols confidentially using zk-SNARKs. The protocol’s native token, RAIL, has been experiencing a remarkable rally lately.
BeInCrypto Markets data showed that over the past week, the altcoin’s value has increased by 330%. In early Asian trading hours today, it hit a record high price of $5.48.
By press time, RAIL’s price had adjusted to $5.3, up 107.6% over the past day. This rise has also made the coin the top daily gainer on CoinGecko.
RAIL Price Performance. Source: BeInCrypto Markets
Besides price, the network itself has also seen substantial growth this month. According to data from DefiLlama, the total value locked (TVL) increased by nearly 7% in October and is approaching all-time highs. At the time of writing, it stood at $113.09 million.
“@RAILGUN_Project ( $RAIL ) has emerged as one of @ethereum’s leading privacy solutions. In 2025, Railgun’s monthly volume averaged $151.4 million,” an analyst highlighted.
Railgun TVL Growth. Source: DefiLlama
Why is Railgun Surging?
Railgun’s success aligns with explosive growth across the wider privacy coin market. Privacy coins have emerged as one of 2025’s best-performing crypto sectors, outperforming Bitcoin and Ethereum.
Altcoins like Zcash (ZEC) have recorded notable gains and reached multi-year highs, with most of the sector in green over the past week. CoinGecko data revealed that the privacy coin market capitalization has climbed 15% over the past day to reach $12.9 billion. Meanwhile, trading volumes have risen to over $2 billion, reflecting growing investor confidence in privacy-focused assets.
In addition, Railgun has secured support from major figures like Vitalik Buterin. He has repeatedly praised Railgun and even frequently used the protocol.
Railgun’s involvement extends to Kohaku, an SDK for integrating privacy into EVM wallets that the Ethereum Foundation is developing with partners like MetaMask and OKX Wallet. Kohaku natively supports Railgun, potentially boosting its appeal.
“Privacy is a 1000x opportunity in crypto, ZEC’s ascendency is positive proof of the bid for privacy. Institutions & Retail are likely to prefer a solution like Railgun which will likely be integrated into their favorite wallets and allow them to shield their stablecoins, DeFi Positions, etc,” an analyst stated.
He added that Railgun earns revenue with a fixed 0.25% fee on TVL entering or leaving privacy pools. Thus, as more wallets and DeFi platforms shift toward privacy-first strategies, Railgun’s addressable market could expand strongly.
