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Radix

XRD

Rank #112
$ 0.05029
-2.27%
24H Low$0.04907
24H High$0.05228
24H Volume
5.62M
All-Time High(ATH)
$0.6513
All-Time Low(ATL)
$0.03145
Market Cap
517M
Fully Diluted Valuation
637.26M
Market Cap/FDV
0.8113
Circulating Supply
10.32B XRD
Total Supply
12.72B XRD
Max Supply
24B XRD
Market Sentiment
--
* Data from 3rd parties

Radix (XRD) Price Trends

Time period
Change amount
% Change
1H
$ 0.0003006
0.60%
24H
$ -0.001140
-2.27%
7D
$ -0.002665
-5.3%
14D
$ -0.007537
-14.99%
30D
$ 0.007437
14.79%
1Y
$ 0.002284
4.54%

Live Radix (XRD) Price Update

Radix price today is $0.05029 with a 24-hour trading volume of 5.62M, and as such Radix has a market cap of 517M, giving it a market dominance of 0.03%. The Radix price moved -2.27% in the last 24 hours.

Radix reached its highest price on 2021-11-14 when it was trading at its all-time high of $0.6513, while its lowest price was recorded on 2022-11-29 when it was trading at its all-time low of $0.03145. The current lowest price since the last cycle high was $0.03145, and the highest price since the last cycle low was $0.6513. The social sentiment of Radix is currently Positive.

The current circulating supply of Radix is 10.32B XRD. In terms of market cap, Radix is currently ranked 112.

About Radix (XRD)

Radix DLT (Distributed Ledger Technology) is an integrated technology solution and a Layer 1-based blockchain protocol that focuses on building the infrastructure required for the mainstream of DeFi. It achieved sharding. Parallel operations and cross-shard consensus improve performance, and components enable composability. Thus, it solved common problems that hinder decentralized finance (DeFi).

Radix is the only decentralized network where developers will be able to achieve quick construction without the threat of exploits and hacking. As a layer 1 protocol, Radix optimizes cross-shard synchronization, removing many of the frictions that hinder seamless cross-chain interoperability between Dapps and different blockchain protocols, and achieving multi-chain scalability without compromising composability or security. It also creates an enabling environment for developers to build multi-functional cross-chain applications and tap the potential of DeFi.


How Radix (XRD) works

Radix has launched four core technologies: the high-speed network consensus mechanism Cerberus, the Radix engine for building DeFi applications, the Component Catalog for helping to build DeFi libraries, and Developer Royalties for a decentralized incentive program.

Radix uses the Cerberus consensus protocol, Cerberus, the consensus algorithm of radius, which is based on "a unique pre-sliced ledger and a new consensus procedure called weaving". Its incentive program and developer royalties provide protocol-level rewards.
The Radix engine is specifically designed to "create logic that defines the correct outcome of making predictions on the ledger based on requirements". The Radix engine is based on finite state machines. The component catalog is built on the Radix engine and provides a ledger hub for developers to build decentralized applications.

Radix solves this problem by rewarding everyone who contributes to the platform. Radix builds a decentralized self-incentive system that rewards those who contribute code to the ecosystem.


What is XRD?

The RADIX token is the native token of the Radix Public Network under the code XRD. XRD has two main uses in Radix's ecological environment: to be staked and used as transaction fees. ‍

XRD is a fundamental part of Radix's Delegated Proof of Stake (DPoS) system, and XRD can be used as collateral to protect the Radix public network from an attack known as a Sybil attack. In Olympia's version of the Radix DPoS system, stakers can incentivize token holders to stake and jointly decide which validators they want to participate in consensus.

Additionally, XRD is used to pay transaction fees on the Radix public network. Transaction fees are mainly to prevent spam transactions on the web. 100% of all transaction fees are burned, i.e. the tokens used to pay the fees are burned by the Radix protocol. As the base currency of the Radix public network, XRD can also be used by any dApp within the Radix DeFi ecosystem.

The maximum supply of XRD is 24 billion XRD tokens, of which 12.5% is allocated to the community, 10% is allocated to the Radix stablecoin reserve, 0.8% is used for liquidity incentives, 10% is used for RDX Works Ltd, 2.5% for Network subsidy, 2.5% for developer incentive and 9% allocated to Radix Tokens (Jersey) Limited.

In July 2021, 12 billion XRD tokens were minted as new network emissions at a rate of 300 million XRD per year for approximately 40 years.

FAQs

1. What determines the price movement of Radix?

There are two schools of thought in determining the price of Radix.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Radix, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Radix from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Radix on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Radix as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Radix and the cryptocurrency market as a whole.

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