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RAILGUN 2024 — A Year in Review
- RAILGUN protocol experienced tremendous growth in 2024, with almost $90 million held in private 0zk addresses as of 5th December, representing a 650% increase YoY, and up by thirty times since 2023.
- The total value held by 0zk addresses determines the privacy level of the RAILGUN protocol, making RAILGUN the first choice for privacy on Ethereum/EVM in the DeFi space.
- The shielded volume hit a milestone of $2 billion in October 2024, with $1.7 billion contributed by transaction volumes in 2024 alone, thereby establishing RAILGUN as a next-generation privacy solution.
- The growth in the treasury was organic, with 0.25% of tokens entering and exiting smart contracts sent to the treasury. The Active Governors, responsible for treasury governance on their respective chain, have been rewarded with 2% of treasury's ETH/BNB/POL, DAI, and RAIL every two weeks, resulting in Active Governors receiving around $1.9 million for their efforts in 2024.
- RAILGUN also offers private DeFi volume, where users have private access to dApps on Ethereum/EVM, with all on-chain liquidity and dApps remaining undoxed and unbothered.
- RAILGUN users swapped over $68 million privately through the 0x Dex Recipe in 2024 alone, with development efforts on RAILGUN_connect ongoing for 2025.
- Vitalik Buterin himself endorsed RAILGUN in 2024 by using the protocol and citing Private Proofs of Innocence as a key differentiator and a reason for his personal preference for RAILGUN protocol.
- The RAILGUN community continues to grow, with over 10,000 followers added collectively on social media platforms, including active Twitter profiles and Telegram groups.
- RAILGUN's roadmap for 2025 includes protocol upgrades, such as RAILGUN_connect, RAILGUN v3, and Private Proofs of Innocence v2, with the goal of privacy of tens of billions of value on Ethereum possible.
- RAILGUN's success in 2024 indicates that the project has the potential to continue growing and becoming the go-to privacy solution for DeFi on Ethereum and beyond.
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