Nillion
NIL
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Nillion (NIL) is a decentralized blind computation network utilizing multi-party computation (MPC) and distributed key generation (DKG) for privacy-preserving data processing across confidential AI/ML and DeFi. Active Development is strong (8.5/10), evidenced by consistent mainnet phased rollouts (Phase 0 in July 2025 through Phase 2 in April 2026), Nillion Blacklight releases, and active developer tooling. Team and Governance (7.5/10) benefits from established leadership with backgrounds at Hedera, Goldman Sachs, and Indiegogo, backed by over $50M in funding. Security and Audit History (7.0/10) reflects a clean operational record with zero documented exploits, bad debt, or regulatory actions, supported by a CertiK Skynet score of 84.88 (Rating A), though verifiable named third-party audit reports remain sparse in available records. Community Support (6.0/10) is active across official channels but exhibits modest on-chain holder concentration (3.1k–4.1k holders). The primary headwinds lie in Tokenomics (5.5/10) and Market metrics (5.5/10), where roughly 50% of supply remains locked with ongoing unlock dilution against a ~$21.5M market cap, minimal staking participation (~0.33%), and unfinalized long-term emission/deflation mechanics. No qualifying red-flag events were established.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Nillion (NIL)
Nillion (NIL) is a decentralized blind computation network designed for privacy-preserving data processing, utilizing an ERC-20 token on Ethereum following a protocol-led token migration. Founded in 2021 by Alex Page and Andrew Masanto, the project utilizes multi-party computation (MPC) and distributed key generation (DKG) to support confidential data sharing, decentralized finance (DeFi), and private artificial intelligence and machine learning (AI/ML) computations. Development has advanced through staged mainnet rollouts, including Phase 0 in July 2025, Phase 1 in October 2025, and Phase 2 in April 2026, alongside developer tooling such as Nillion Blacklight.
The NIL token is designated for network fees, staking, and delegated proof-of-stake governance. The token structure has a total supply of 1.00 billion NIL with an infinite maximum supply cap. Allocations for early backers and the core team are governed by one-year cliffs followed by three-year linear vesting schedules. In late 2025 and early 2026, the project introduced a token buyback initiative alongside official migration procedures to Ethereum.
Operational and market assessments identify several risk factors. Approximately half of the token supply remains locked and subject to future release schedules, presenting dilution pressure against a market capitalization of roughly $21.5 million. On-chain staking engagement is low at approximately 0.33% of the supply, long-term token emission and deflation mechanics remain under review without finalized parameters, and governance proposal activity is limited. While the protocol has experienced no reported exploits, defaults, or regulatory enforcement actions and maintains a CertiK Skynet security score of 84.88, specific third-party code audit reports remain unpublished in available records.