Nillion

NIL Price

What is Nillion about?

Nillion is a decentralized network for Encrypted Markets. Instead of broadcasting an instruction before it executes, a user seals it to a condition and posts it onchain, where it stays unreadable, to other traders, to agents, and to the network itself, until that condition is met. At that moment a threshold of independent nodes unlocks it and it executes automatically. Covenants is the primitive that makes this possible, bringing privacy to the parts of a market that have always run in the open: the order, the strategy, and the logic behind them.

$NIL is the native utility token of the network that is used for:

• Protocol fees for creating and resolving Covenants
• Staking to operate a node and secure the network
• Rewards paid to nodes that monitor conditions and settle results

Covenants is the protocol powering Encrypted Markets:

• Condition-gated instructions sealed onchain, revealed and executed only when live data feeds meet the condition

$NIL also enables access to Nillion's established privacy infrastructure:

• nilDB: an encrypted database with data split across multiple nodes, where calculations can still be performed on data while in encrypted form
• nilAI: AI-focused privacy technologies including AI Virtual Machine (AIVM), nada-AI, and nilTEE

Where can you buy Nillion?

NIL tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Nillion is Binance, where the most active trading pair NIL/USDT has a trading volume of $4,295,002.22 in the last 24 hours. Other popular options include LBank and Gate.

What is the daily trading volume of Nillion (NIL)?

The trading volume of Nillion (NIL) is $17,407,971.14 in the last 24 hours, representing a -51.90% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Nillion (NIL)?

Nillion (NIL) reached an all-time high of $0.8971 and an all-time low of $0.02739. It’s now trading -90.70% below that peak and 203.50% above its lowest price.

What is the market cap of Nillion (NIL)?

Market capitalization of Nillion (NIL) is $42,195,889 and is ranked #558 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of NIL tokens (510 Million tokens are tradable on the market today).

What is the fully diluted valuation of Nillion (NIL)?

The fully diluted valuation (FDV) of Nillion (NIL) is $84,018,198. This is a statistical representation of the maximum market cap, assuming total number of 1 Billion ETH tokens are in circulation today.

How does the price performance of Nillion compare against its peers?

With a price decline of -23.60% in the last 7 days, Nillion (NIL) is underperforming the global cryptocurrency market which is up 0.60%, while underperforming when compared to similar CoinList Launchpad cryptocurrencies which are up 4.40%.