i think it's worth taking a look and doing some DD on Nullmask / $MASK tbh

and maybe buy on a dip if you want

or DCA in etc

but basically it is a privacy coin by ZEC devs that allows users to do private transactions on EVM blockchains like ETH/RH/BNB & Solana

+ it launched on ETH mainnet three days ago and numbers have been incredibly good already, despite almost nobody using ETH mainnet anymore

i.e. it's been doing 7 figs in daily volume and 6 figs in daily fees when you look at a combo of the protocol fees & the $ZEC reward fees

for comparison, Railgun is at $200m+ market cap and does about $10k or so in daily fees

all Nullmask fees go towards buying and burning the $MASK token and improving the LP

it's also worth noting that 40% of supply is currently out of circulation, so actual market cap is 40% lower than what it shows: 20% is dev supply & won't go into circulation until 2 years later and the other 20% is allocated to airdrops that will be used to incentivize adoption (bullish, since it is clear that tokenomics is well thought out and will get a lot of adoption quickly)

whether it is the pedigree of the devs, the uniqueness of the protocol (it's literally the ONLY protocol that can do what it aims to do), the Total Available Market (TAM), or how much the privacy narrative is exploding ($ZEC hit $27 billion recently & $NEAR hit $6.1 billion, yet i can imagine more people using $MASK than both)... it's hard to see how this doesn't hit BILLIONS this cycle!