Radix is the first layer-one protocol specifically designed for DeFi, aiming to enable fast, low-cost, secure transactions and a composable development environment for DeFi applications. Its core technologies include Cerberus (a high-speed consensus mechanism), the Radix Engine (a purpose-built development environment), the Component Catalog (a library of DeFi building blocks), and a Developer Royalty System to incentivize creators. Radix positions these tools to create a decentralized, incentivized, and self-sustaining DeFi ecosystem and to address issues on existing platforms such as Ethereum, including congestion and loss of atomic composability. The company raised $12.7 million via a public eXRD token sale that ran Oct. 8–22, 2020, with contributions from 652 participants across 67 countries (minimum purchase $5,000, subject to KYC/AML and certain jurisdictional exclusions). The first eXRD tokens were scheduled for distribution on Nov. 17, 2020, and Radix planned to distribute 200 million additional eXRD tokens as community liquidity rewards over six months to holders who add liquidity to the eXRD/USDC pool on Uniswap. Radix expected its mainnet to launch in 2021. Radix is building a layer‑1 decentralized finance protocol and developer interface (the Radix Engine) aimed at making assets frictionlessly programmable, liquid, and interoperable. The team emphasizes a DeFi‑specific design rather than a general‑purpose smart contract platform, arguing this lowers barriers to adoption through payment‑rail and consumer app integrations. Radix claims to have overcome common blockchain scalability limits and reports a public test that achieved over 1 million transactions per second. The project draws on more than seven years of R&D from founder Dan Hughes and is led publicly by CEO Piers Ridyard. Radix operates as two legal entities: Radix DLT Ltd and the not‑for‑profit Radix Foundation, with the Foundation managing the public network and token ecosystem. Financially, the ecosystem includes token issuance by the Foundation and prior community token contributions to bootstrap the network.

Total raised

$17M

Funding rounds

2

Latest round

Initial Coin Offering

Latest activity

Oct 2020