Radix (XRD)
| Market Cap | $360,262,199 |
|---|---|
| Trading Volume | $417,722 |
| Volume / Market Cap | 0.001159 |
| Total Supply | 12,123,620,561 XRD |
| Max Supply | 24,000,000,000 XRD |
Radix is currently trading at $0.0357, after a price change of 3.28% in the last 24 hours.
Ranked as cryptocurrency #211 by capitalization today, XRD market cap is valued at $360,262,199. XRD trading volume reached $417,722 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on XRD coin price prediction page.
What is Radix?
Radix is a distributed ledger technology blockchain for deploying decentralized protocols. The platform runs on Cerberus, a state sharding technique, to parallelize consensus and increase throughput. The algorithm is based on multiple concurrent timelines that execute an ordering of related events.
The first version of the Radix mainnet, Olympia, is based on the delegated proof-of-stake consensus model. Users can stake XRD to help keep the network secure while earning returns. Radix also supports the deployment of DeFi applications with Radix Olympia Mainnet and Scrypto programming language.
XRD is the native token on the Radix protocol. The token is used for paying transaction fees, deploying smart contracts, and in DeFi. All the transaction fees are burned. There are 9.77 billion circulating XRD coins from a total supply of 12,106,864,914 and a hard cap of 24 million. The XRD token can be staked via Radix wallet, where users can select their preferred validator node.
The second token in the network, eRadix (eXRD), is a wrapped ERC-20 standardized Ethereum token. eXRD can be swapped for XRD and is available in various exchanges.
Dan Hughes is the founder of Radix, which launched in 2021.