In a recent announcement, Radix, a DeFi-centric smart contract platform, has announced the listing of its native cryptocurrency token, XRD, on key exchanges. Bitmart, WhiteBIT, and LBANK are three of the exchanges supporting the token, while KuCoin and HitBTC will add it in the near future. The XRD cryptocurrency is now available for trading, and major token pairs, including XRD/BTC and XRD/USDT, are currently up and running.
XRD listing and Babylon Alphanet launch as Radix’s rise continues
Radix is a project taking a very different approach to DeFi to power the subsequent generation of decentralized applications. Therefore, these listings represent yet another significant milestone for the project. Despite launching in the midst of one of the longest crypto winters to date, the Radix Network has had stellar growth over the past year. For instance, the total volume of XRD transactions has increased sevenfold, and the number of wallets holding at least 2,000 XRD has increased by 52%.
When it comes to DeFi, Radix has everyone covered from end to end. Among its features is Radix Engine, the first programmable “DeFi Engine” that includes support for native assets. There’s also Scrypto, a Rust-based asset-oriented programming language that promises a vastly improved developer experience. The XRD listing follows the debut of Babylon Alphanet, the most recent significant step on the road to Babylon Mainnet.
Newly listed exchange partners anticipate a significant XRD demand increase now that the Babylon Alphanet is live. The second stage of the staggered release schedule, Babylon Alphanet, is intended to familiarize developers with the latest improvements to Babylon DeFi. Before launching on the mainnet, they use a test environment to ensure that all of their integrated technologies, protocols and user interfaces are functioning properly. This is key to helping reduce development costs and also ensuring that only the best-performing products get into the market.