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Nillion’s NIL token fell 12% in its first 24 hours of trading despite strong trading volume and major exchange listings.
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The token’s value is tied to Nillion’s ‘blind computing’ technology, which allows secure data processing without decryption.
Nillion’s native token, NIL, declined by 12% in its first 24 hours of trading despite high market anticipation. The token’s price drop comes even after being listed on major exchanges, including Binance, Gate.io, and Bithumb—a sign of the common volatility that comes with the launch of new cryptocurrencies.
As of March 25, 2025, NIL is currently trading at approximately $0.75, with a market capitalization of around $148.3 million. The token recorded over $593 million in 24-hour trading volume, a show of strong market interest despite the price dip.
‘Blind Computing’ Technology Underpins Long-Term Potential
Nillion introduces a new approach known as ‘blind computing,’ which allows computation over encrypted data without decryption.
This approach ensures sensitive information remains protected during computation since even the network nodes performing the computation cannot access the underlying data and information.
The technology is expected to be useful in industries where data privacy is critical, including artificial intelligence, healthcare, and finance.
NIL functions as Nillion’s governance token, allowing network fees for blind computations and transactions. Market analysts remain optimistic about Nillion’s long-term potential, pointing to the growing demand for privacy-focused technologies and the scalability of blind computing as key drivers of future adoption.