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RAIL is stepping up as EVM-native privacy infra right when narratives are reigniting, fresh off yesterday's Kohaku integration that embeds it as the backbone for Ethereum's privacy toolkit. Vitalik's Nov 2025 transfer of 1009 ETH and his push for privacy as a "first-class priority" position Railgun toward default private DeFi status. Factor in ~77% supply staked with fees routing to holders, and any usage spike from these upgrades or new frontends turns that tight float into serious momentum.

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