Radix Report 16th September

Overview

Piers Ridyard, CEO — Radix DLT

The big news of this report is that the final Radix token unlock is now complete. The decision to unlock the remaining (e)XRD tokens was taken due to the very high level of staking across a wide range of decentralized validator nodes, the success of the Olympia launch, excitement in the upcoming Alexandria release, and the strong community majority favoring unlocking the tokens.

Doing this final unlock now is one of the most effective ways to accelerate the distribution of stake, decentralization, and network adoption. It also means the Radix economics are now far easier to understand for both new and existing token holders as it is simply:

  1. 9.6Bn circulating supply (as the stable coin reserve is indefinitely locked)

Having completed the final unlock, Radix is continuing to solidify its position as a top-tier layer-1 protocol. Now, let’s check in with the team leads for updates!

Strategy & Marketing

Adam Simmons, Head of Strategy — Radix DLT

The last two weeks have continued to show high levels of engagement across the community, as well as social media channels. The marketing campaigns we have been running are working well, and with the help of all the Radvocates, more and more people are becoming aware of Radix.

  • Since the final token unlock was completed, there has been over $65m of daily volume of eXRD and XRD.

Development

Russell Harvey, CTO & Matthew Hine, Head of Product — Radix DLT

We’ve been steadily plugging away at features and updates for our services, as well as done a deep dive on how the JSON RPC API behaves after gathering community feedback. Please keep the suggestions coming, as even though we don’t respond to everyone, we do watch those channels closely!

On the Alexandria front, we’re full speed ahead with Scrypto development and tuning up our developer community strategy. Internal testing of early builds has us ahead of schedule, and we’re looking forward to sharing what we’re working on in the months ahead.

  • A new Explorer release has gone out, which includes new staking hints as well as some behind-the-scenes improvements.

Media & Community

  • Crypto Birb: Our friend Crypto Birb gave his followers an update on the full unlock which has reached 72.6k impressions on Twitter, with 7.8k views! See here. Since July 13th, Crypto Birb’s Radix-related tweets have seen 414,752 impressions which is equivalent to approximately 6.9k impressions per day!

*Updates provided by members of the Radix community. It may contain inaccuracies.