With Token Trek, projects in the Radix ecosystem will be able to target their marketing budgets to reward their most committed community members. This means that particularly active and loyal users with on-chain quests are recognized as they deserve. Because it is the community of users that makes a significant contribution to the vitality of the ecosystem. In partnership with Dmany, Radix will be transformed into a dynamic onboarding and engagement hub.
Token Trek is the next step on the ambitious Radix roadmap “Breakout2024”. This was preceded by the successful implementation of the Babylon upgrade, which paved the way for significant growth and more innovation in the ecosystem.
Radix reaches TVL of $50 million
Radix has already achieved several milestones in the past few months. This particularly includes the strong one Increase in Total Value Locked (TVL), which includes all locked values in the ecosystem. This has exceeded the 50 million US dollar mark. There was growth of 76 percent within two weeks alone.
In addition, the Project Ignition went live. This is a $10 million liquidity initiative that aims to improve liquidity for USDC, USDT, wBTC and ETH. BTC and ETH were sold out here after just 2 weeks.
Admission to Bitpanda
It is also worth mentioning that the leading investment platform Bitpanda has listed Radix. This means that Radix meets the crypto exchange’s strict selection criteria.
With the integration with Bitpanda, more than four million users in over 40 countries Trade via the XRD crypto exchange. It is an optimal opportunity to increase Radix’s presence and further expand its community.
Tens of thousands use Radix Wallet App
The Radix Wallet app is also enjoying growing popularity. It creates a direct connection to the Radix network. This allows users to easily immerse themselves in Radix’s Web3 and DeFi ecosystem via their mobile devices such as smartphones and tablets. The app has now been downloaded more than 45,000 times.
Other successes also include: Maya Protocol was chosen for integration into MAYAChain with an approval of 95 percent. This integration enables even easier flow of liquidity into the Radix ecosystem via swaps of ETH, BTC, ARB, RUNE, DAI (and many broad assets) to XRD without a central authority.
Analysts give Radix top marks
The analysts of the Crypto EQ Reports were very bullish about the future of Radix in their report. Accordingly, Radix is likely to have great growth potential in the coming bull market of 2024/2025 and beyond.
That too Coinbureau gave a very positive verdict in his Radix test. Particularly praised is that Radix addresses the scalability issues faced by existing DeFi platforms. The asset-focused smart contract paradigm also simplifies development by treating tokens as global objects.
Radix also promotes modularity and reusability through network blueprints. In addition, the royalty system rewards developers with license fees to contribute to the ecosystem. Last but not least, it is highlighted that the Radix Wallet separates core functionality from application interactions to increase usability and security.
Roadmap Breakout 2024: The further goals have been determined
As the year progresses, the Breakout2024 roadmap will achieve additional goals. So Surge has announced the first perpetual DEX to start on Radix and KeyRock invests 10 million US dollars in the Radix ecosystem. Furthermore, the Radix Grants Program with a volume of one million US dollars.
Radix aims to build the future of Web3 and DeFi on the world’s first “digital asset engine”. Token Trek will play an important role in this as a community engagement platform.
Want to learn more about the Radix ecosystem? Adam Simmons, CMO of Radix, outlines the goals and current progress. In addition, a Radix roadmap video Breakout 2024 available.
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