What Is the NIL Token? How to Trade NIL Tokens?

2025-03-25, 06:22

According to the market data of Gate.io, the current price of the NIL token is $0.754, with a 4.13% increase in the past 24 hours. The current circulating market value of the NIL token is $147 million, ranking 267th in the overall market. Gate.io platform launched the NIL token at 21:00 yesterday, and it currently supports NIL contract trading, leveraged trading, and NIL financial management services.

In March 2025, Nillion announced the launch of the mainnet. Prior to this, Nillion completed two rounds of financing, raising a total of $45 million, with investors including Distributed Global, Hack VC, GSR, HashKey Capital, etc.

NIL Token is the token of the Nillion project, which is a decentralized data storage and computing network focusing on data privacy and security. Its innovative concept of ‘blind computation’ allows data to be stored, transmitted, and processed in fully encrypted form without decryption, ensuring privacy and security. Its applications cover multiple fields such as AI, DeFi, social networking, gaming, healthcare, etc.

Nillion adopts a dual-layer network architecture, including Petnet (orchestration layer) and nilChain (coordination layer). Petnet consists of multiple blind modules, supporting Secure Multiparty Computation (MPC), Homomorphic Encryption (HE), and Trusted ution Environment (TEE). Its main products include the privacy database nilDB, the data signing solution nilVM, and nilAI for securely running AI models. nilChain is built on Cosmos SDK and is responsible for network coordination, payments, staking, and governance. To promote eco development, Nillion has launched the Nucleus Builder Program to support developer eco building and has integrated various eco projects such as zkPass (privacy data oracle), Aspecta (AI asset network), Mizu (AI data layer), Capx (AI agent trading), Kayra (decentralized dark pool exchange), ChooseK (MPC encrypted transactions), Flux (decentralized social network), and BattleshipX (game based on blind computation).

NIL (Nillion) Market Analysis

Current Market Overview

Current price: 0.754 USDT
24-hour highest price: 1.1 USDT
24-hour lowest price: 0.6828 USDT
24-hour increase: 4.13%
24-hour trading volume: 189,778,436 USDT
Long vs Short Ratio: 39.8:1 (bulls dominate)

Support and resistance levels

Support level: 0.7077 USDT
Resistance level: 0.7847 USDT

Market Sentiment

Fear and Greed Index: 46 (Neutral)

Trading Strategy Recommendation

Strategy 1: Short-Term Rebound Trading

Direction: Long
Entry Price: 0.7400 USDT
Stop Loss Price: 0.7070 USDT
Target price: 0.7800 USDT

Reasons and Features: The current price is close to the support level (0.7077 USDT), the market sentiment is neutral, and a rebound may occur. There is a large outflow of funds, but the proportion of long positions is high, indicating that there is still a certain buying interest in the market. The target price is set near the resistance level, and the risk-return ratio is reasonable.

Strategy 2: Breakout Trading

Direction: Long
Entry price: 0.7850 USDT (after breaking through the resistance level)
Stop loss price: 0.7700 USDT
Target price: 0.8500 USDT

Reasons and features: If the price breaks through the resistance level (0.7847 USDT), it may trigger further upward movement. Combined with the current long/short ratio, the market has strong support for the bulls, and a breakthrough may attract more buying interest. Set stop loss at the pullback position after the breakthrough to ensure risk control.

Nillion project future prospects

The Nillion eco is still in the early stages, facing challenges such as technological integration, market competition, and data compliance. The team is attracting high-quality projects through hackathons, developer competitions, and other means to promote eco expansion.

With the advancement of the mainnet and TGE, Nillion is expected to become a key infrastructure in the field of privacy computing, but its long-term development still relies on ecological construction and technological breakthroughs.

Author: Icing, Gate.io Researcher

*This article represents only the views of the researcher and does not constitute any investment suggestions. Investment involves risks and users need to make careful decisions.

*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.