Late last night the volume on NIL stood out again. It’s around $0.085, market cap roughly $43 million, fully diluted still under $90 million—and still more than 90% below its early peak.
The tech still feels relevant. Public chains expose everything by default. Once you need private AI agents, confidential strategies or sensitive records, that transparency becomes a problem. Blind computation offers a real way to keep data encrypted while it’s processed across nodes.
Demand is the harder question. Dashboards show user and inference numbers, but consistent fee-generating activity remains thin. The network is also mid-transition toward closer Ethereum alignment, which adds uncertainty.
Supply keeps expanding on schedule. The next unlock alone releases a meaningful slice of free float, with more unlocks stretching years ahead. Early investors and the team still hold large locked positions. Actual users of the privacy tools can mostly avoid the token while holders absorb the dilution.
Fees and staking exist, but they haven’t created a strong demand loop yet. The lingering question is whether paid usage will eventually outpace the unlock schedule, or whether the market will keep pricing this mainly as a long-term option on private computation that still lacks durable economic traction.
#nil $NIL @Nillion
The tech still feels relevant. Public chains expose everything by default. Once you need private AI agents, confidential strategies or sensitive records, that transparency becomes a problem. Blind computation offers a real way to keep data encrypted while it’s processed across nodes.
Demand is the harder question. Dashboards show user and inference numbers, but consistent fee-generating activity remains thin. The network is also mid-transition toward closer Ethereum alignment, which adds uncertainty.
Supply keeps expanding on schedule. The next unlock alone releases a meaningful slice of free float, with more unlocks stretching years ahead. Early investors and the team still hold large locked positions. Actual users of the privacy tools can mostly avoid the token while holders absorb the dilution.
Fees and staking exist, but they haven’t created a strong demand loop yet. The lingering question is whether paid usage will eventually outpace the unlock schedule, or whether the market will keep pricing this mainly as a long-term option on private computation that still lacks durable economic traction.
#nil $NIL @Nillion