$NIL (Nillion) is a specialized "Blind Computation" network designed to process sensitive data without ever decrypting it. As of February 2026, the project is at a critical technical juncture, moving from its standalone "nilChain" toward deep integration with the Ethereum ecosystem.
1. Ecosystem Role: The "Blind Computer"
Nillion isn’t a standard smart contract platform. It uses Privacy-Enhancing Technologies (PETs) like Multi-Party Computation (MPC) to allow AI models and dApps to "see" and use data without the raw information ever being exposed to the nodes.
Petnet: The computation layer where the "blind" processing happens.
nilChain: The coordination layer (built on Cosmos SDK) that handles payments and staking.
Use Cases: Private AI inference (secret prompts), healthcare data analysis, and secure DeFi "dark pools."
2. Market Analysis (February 2026)
Current Price: Approximately $0.047 (showing a +4.7% bounce in the last 24 hours).
Market Cap: ~$14.3 million (ranked around #800–900).
Sentiment: Cautiously optimistic. After a brutal 90% drawdown from its 2025 highs, the token is attempting to form a bottom.
Technical Setup: Currently testing resistance at $0.054. Traders are watching the 21-day and 50-day moving averages, which have recently turned bullish.
3. Key 2026 Catalysts
"The Ethereum Migration": In February 2026, Nillion launched a public bridge to Ethereum. This allows Ethereum developers to use to power private computations directly on-chain, significantly expanding its utility.
Nillion Blacklight: Launched Feb 2, 2026. This is a permissionless layer where users can run verification nodes by staking 70,000 $NIL. This "locking" of supply is a primary driver for recent.