Raze Network Project Overview
Raze Network is a cross-chain privacy protocol built on the Substrate framework, with the core goal of providing end-to-end anonymity for the Polkadot ecosystem, as well as the DeFi and Web3.0 domains. The project constructs a second-layer decentralized anonymous payment module by applying zkSNARKs zero-knowledge proof technology to the Zether framework. Raze Network's technical architecture primarily consists of three modules: Mint (converting base tokens into anonymous versions), Transfer (enabling anonymous token transfers), and Redeem (converting anonymous tokens back to their native form), aiming to protect assets and transaction transparency from surveillance. The project is EVM-compatible and plans to support the anonymization of decentralized applications on Ethereum, Polkadot, and Binance Smart Chain.
Recent Developments and Partnership Dynamics
Despite the poor market performance of RAZE coin, Raze Network has made recent progress in partnerships. In March 2025, Raze established a strategic partnership with Plume Network, aiming to integrate Raze's tokenization engine with Plume's Layer-1 Real World Asset (RWA) chain to achieve efficient, scalable, and compliant deployment of RWAs in decentralized finance. Subsequently, in April 2025, Raze announced a strategic collaboration with Redbelly Network, with the goal of providing asset issuers with a robust RWA tokenization platform, combining Raze's no-code tokenization tools and Redbelly's blockchain infrastructure. Raze claims to have secured three enterprise deals, representing over $650 million in tokenized asset reserves.
RAZE Tokenomics and Use Cases
The RAZE token is a core component of the Raze Network ecosystem, with a maximum and total supply of 120,000,000 tokens. According to public information, the main uses of RAZE tokens include:
- Privacy Protection: Providing DeFi users with the ability to move seamlessly between different applications and blockchains without leaving transaction history or application interaction traces.
- Governance and Voting: RAZE token holders can create and vote on proposals, participating in the network's decentralized governance.
- Medium of Exchange: RAZE tokens can be used for various services within the ecosystem.
- Token Burn: A certain percentage of transaction fees will be burned in RAZE tokens, aiming to reduce circulating supply.
- Liquidity Rewards: Market makers providing liquidity to liquidity pools will receive RAZE token rewards.
Market Performance and Data Analysis
As of August 21, 2026, RAZE coin's market performance faces severe challenges. Its price is approximately $0.0001109, a significant drop compared to its all-time high of $1.55 reached on April 16, 2021. RAZE coin's all-time low occurred on May 28, 2025, at approximately $0.0001101, which is very close to the current price.
In terms of market capitalization, multiple data platforms show that RAZE coin's market cap is close to zero or untracked, with some reports indicating a market cap of only a few thousand to tens of thousands of dollars. Regarding circulating supply, CoinMarketCap data shows approximately 118 million RAZE (98.9% of the total supply), but other sources report 67.28 million RAZE, indicating some data discrepancies. More notably, RAZE coin's 24-hour trading volume is usually extremely low, or even zero, which suggests that its market liquidity has almost dried up, lacking effective transactions. Investors can verify the latest prices and project information on platforms like Svmuu, but should be wary of its extremely low liquidity.
Development Activity and Investment Risk Assessment
Although Raze Network updated its SDK and tools roadmap on August 19, 2025, committing to a multi-language SDK strategy, the last commit records for some GitHub repositories show five years ago. This might suggest a slowdown or shift in core development activities, contrasting with recent partnership progress, requiring investors to carefully discern. Furthermore, Investing.com's technical analysis once showed RAZE as a "strong sell" signal, and Coinbase and other platforms have also noted that RAZE lacks accurate trading data, possibly related to limited exchange liquidity or delisting factors.
Overall, the main risks currently facing RAZE coin include:
- Extremely Low Liquidity: 24-hour trading volume is close to zero, meaning investors find it difficult to buy and sell quickly, and price fluctuations may be amplified by a few transactions.
- Questionable Project Activity: Despite new partnership announcements, the stagnation of core codebase updates may indicate slow project development progress.
- Significant Price Drop: Falling from an all-time high to near an all-time low indicates extremely low market recognition of its value.
- Data Inconsistency: Discrepancies in key data such as market capitalization and circulating supply across different platforms increase the difficulty of information verification.
Given the above risks, RAZE coin currently has no active trading market. For cryptocurrency enthusiasts seeking long-term investments, RAZE coin's current market conditions and project activity both indicate extremely high risk, with significant uncertainty regarding its investment prospects.
