Deep Dive
Overview: iExec became Arbitrum’s first TEE-based privacy provider on September 8, 2025, enabling confidential AI/DeFi apps for its $3.15B TVL ecosystem. Projects like DexPal and Web3Telegram already use RLC for private transactions.
What this means: Direct link between Arbitrum dApp growth and RLC utility. Each privacy-enabled computation burns RLC, creating deflationary pressure. However, adoption must exceed current 6 projects to sustain momentum (Decrypt).
2. Tokenomics Revamp (Mixed Impact)
Overview: May 2025’s Tokenomics Week introduced staking rewards (5–7% APY) and builder vouchers. A 1M RLC developer fund aims to spur AI/DePIN projects.
What this means: Short-term sell pressure from voucher redemptions could offset staking lockups. The 86M fixed cap limits inflation but requires sustained dApp traction to justify valuations (CryptoDaily).
3. Market Liquidity Risks (Bearish Impact)
Overview: RLC’s 24h turnover ratio (5.8%) trails AI peers like FET (18%), making it prone to slippage. Derivatives open interest fell 3.67% this week, signaling reduced leverage appetite.
What this means: Thin order books magnify downside during market-wide selloffs. Neutral Fear & Greed (58) offers little momentum buffer, though RSI 47 hints at mid-term equilibrium.
Conclusion
RLC’s 2025 narrative balances Arbitrum-driven utility against shaky liquidity. Watch September’s Arbitrum builder activity and RLC’s exchange inflow/outflow ratios. Can privacy demand outpace altcoin rotation risks?