Recently, the Rails project has been gaining a lot of attention, with talk everywhere about sub-millisecond execution speeds, on-chain asset custody, and top-tier security. To be honest, I've seen a lot of this kind of hype before.

After spending enough time in the on-chain world, you start to notice a pattern: the more a new solution claims to offer both the seamless experience of a CEX and the security advantages of a DEX, the more cautious you need to be. Can the technical architecture really be implemented? How exactly is the user fund security mechanism designed? If these questions aren't answered, no matter how impressive the pitch deck looks, it's still just a pitch deck.