Radix (XRD) Down By 11% In A Single Day, As Altcoin Market Slows Down

With decentralized finance (DeFi) gaining more traction, Radix (XRD) is touted to be one of the pioneers of this technological shift. It is a blockchain platform that enables the development of innovative DeFi applications. XRD, Radix’s native token, is one of the worst performers in the market today, recording an 11% loss in the past [...]

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‘The Only Way to Truly Scale Blockchains Is to Parallelize Processing’ Says Piers Ridyard

Despite being touted as the possible panacea, decentralized finance (defi) still faces obstacles which greatly diminish the prospects of mainstream adoption, asserts serial entrepreneur and CEO of Radix DLT, Piers Ridyard. Ridyard added that while defi is seen as “a fantastic proof of concept,” widespread adoption of this alternative to traditional finance is only possible [...]

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Radix and LayerZero Partner to Enhance Web3 Interoperability

Radix has partnered with LayerZero to integrate LayerZero with the Radix Babylon public network, encouraging cross-chain communication and asset transfers to the Radix ecosystem. Interoperability enables decentralized applications to collaborate and integrate, broadening the scope of features they offer, enhancing functionality, and improving security. (Read More)

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Radix launches its Alphanet testnet as top exchanges list XRD

Radix, the DeFi-focused smart contract platform with a rapidly growing developer community, has announced that its testnet named Babylon Alphanet is now live.

Radix’s native token XRD has also been listed on multiple major crypto exchanges, the platform revealed on Thursday via a press release shared with Invezz.

Babylon Alphanet is Radix’s latest release following Alexandria, which launched in 2021 and introduced the asset-oriented programming language Scrypto.

As a full-stack solution for the decentralised finance ecosystem, Radix has designed Babylon Alphanet to test a new asset-oriented transaction model, introduce changes to how wallets interact and largely help bootstrap the Radix DeFi ecosystem for when the mainnet launches.

Alphanet will therefore allow the Radix’s 3000+ developer community to test new DeFi technologies and refine their dApps before an eventual rollout on the Babylon mainnent that’s expected to go live later this year.

Radix wants to bring the next phase of DeFi to the users, with new capabilities that improve on the current ecosystem’s that Piers Ridyard, CEO of RDX Works calls “demo DeFi.” He said of Radix’s Alphanet testnet:

“With the launch of Alphanet, developers and the rest of the world can see that there’s a path to 100x DeFi coming. Even through a bear market, our momentum is growing.”

Radix plans to launch Babylon Betanet in Q4, offering stable APIs, Scrypto dApps and third-party integrations. The rollout will then be followed by the Radix Public Network mainnet expected in the first half of 2023.

In addition to the testnet launch, Radix also announced that its native token XRD has now been listed on several major crypto exchanges, including Bitmart, WhiteBIT, and LBank. 

KuCoin and HitBTC are also set to list the token, according to details the Radix team provided on Thursday.

The milestone, which follows the DeFi network’s 7x growth in transaction volume in 2022, signals the growing demand for XRD across the ecosystem, Andy Jarrett, CEO of Radix Tokens Jersey, Limited said in a statement.

“We spent the last 8 years building and refining a complete DeFi stack to support a $400 trillion economy, so it’s rewarding to see so many in the crypto community experience the Radix Revelation and join the movement.”

Listing on major exchanges opens up the XRD token to a larger trading market, with access to token pairs such as XRD/BTC and XRD/USDT now available.

The post Radix launches its Alphanet testnet as top exchanges list XRD appeared first on Invezz.

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What Is Radix?

What is Radix? Radix is the first layer-one protocol specifically built to serve DeFi. Radix is “layer-1 DeFi done right” because it is the only decentralized network where developers will be able to build without the constant threat of exploits and hacks. Covered: What Is Radix How Is Radix A Solution? Greatest Strength and Biggest […]

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Radix (XRD) Soars 18% On Heels Of Milestone RCnet Success

Radix has kicked off 2023 with an impressive performance, as evidenced by XRD’s recent surge that conspicuously stood out atop the cryptocurrency charts. This surge can be attributed to the rollout of Babylon RCnet, which is Radix’s latest milestone release, incorporating novel features and capabilities for both developers and users.  Specifically geared towards developers and [...]

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PEPE, AIDOGE | Crypto Gainers and Losers | May 5, 2023

From PEPE to Floki and BLOX to BONE, check out this week's top crypto gainers and losers! Which ones caught your eye?

The post PEPE, AIDOGE | Crypto Gainers and Losers | May 5, 2023 appeared first on BitPinas.

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Jane Street, Tower Research and Radix are Binance’s ‘VIP’ clients in CFTC suit: Report

Trading firms Jane Street Group, Tower Research Capital and Radix Trading have been reportedly identified as Binance’s three “VIP” clients that were cited anonymously in the recent lawsuit filed against Binance by the United States commodities regulator. According to an April 5 Bloomberg report citing “people familiar with the matter,” Radix Trading is “Trading Firm [...]

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