Radix
Radix is a London-based Layer 1 blockchain protocol purpose-built for DeFi, offering the Scrypto asset-oriented programming language, Cerberus consensus protocol, Radix Engine execution environment, and an integrated wallet/dashboard stack serving developers and end users.
- Company typePrivate
- Founded2012
- HeadquartersLondon, United Kingdom
- Headcount51–100
- GTM typeB2B and B2C
- OfferingSoftware
What Radix does
Radix Publishing Ltd is a London-based, privately held Layer 1 blockchain protocol purpose-built for decentralized finance (DeFi). Founded in 2012 by Dan Hughes (who passed away unexpectedly in July 2025), the company operates a full-stack platform comprising the Radix DLT core network, the asset-oriented Scrypto programming language, the Radix Engine execution environment, and the Cerberus cross-shard consensus protocol, which is peer-reviewed and accepted to the Journal of Systems Research and is designed to deliver linear scalability without breaking atomic composability. The native XRD token powers transaction fees, staking, and smart contract deployment, with optional ERC-20 eXRD representation on Ethereum bridged via Instabridge, Hyperlane, or LayerZero.
The company's product surface extends across a mobile Radix Wallet (iOS/Android) with human-readable transaction manifests and multi-factor account recovery, a Radix Connector browser extension, a Radix Dashboard network explorer, a Developer Console, and a dApp Sandbox. On the ecosystem side, Radix hosts dApps including Surge (perpetual DEX), Ociswap, CaviarNine, and DeFiPlaza, and integrates with RedStone oracles, Hyperlane interoperability (connecting to 150+ blockchains), LayerZero, idOS for Proof-of-Personhood, and Twinstake for institutional staking. The company distributes the XRD token across major centralized exchanges (Gate.io, KuCoin, MEXC, Bitfinex, Bybit) plus DEXs and fiat on-ramps.
Radix's go-to-market is product-led, targeting DeFi developers via the Scrypto Academy, hackathons, and a 250M XRD Grants Program, and end users via the Radix Wallet, Radix Rewards (1 billion XRD incentive campaign), and the RadQuest gamified onboarding program. Revenue mechanics are primarily token-economic rather than corporate: transaction fees accrue to validators, developers can specify on-ledger royalties for smart contract reuse, and the corporate entity monetizes indirectly through ecosystem treasury and foundation operations. Following the founder's passing and the Radix Foundation's transition into maintenance mode with a proposed community-led governance model, the company is currently refocusing on the Xian/Hyperscale roadmap targeting 2027.
Radix firmographics
Firmographics- Name
- Radix
- Legal name
- Radix Publishing Ltd
- Website
- https://radixdlt.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Radix is a London-based Layer 1 blockchain protocol purpose-built for DeFi, offering the Scrypto asset-oriented programming language, Cerberus consensus protocol, Radix Engine execution environment, and an integrated wallet/dashboard stack serving developers and end users.
- Ownership category
- akta.pro rank
Radix industry classification
Industry- Product category
- Layer 1 Blockchain Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Custom Computer Programming Services (541511)
- SIC
- Finance Services (6199), Services-Prepackaged Software (7372)
- akta.pro primary industry
- Cross-Chain Bridges & Interoperability Protocols (FSADAMAG)
- akta.pro secondary industries
- DEX Aggregation & On-Chain Execution (routing, RFQ, intent-based trading) (FSAPAEAD), Crypto Custody & Exchange Wallet Services (Integrated) (FSADAAAG)
Keywords
Where Radix is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Markets served
Radix business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Network Transaction Fees: XRD token is used to pay transaction fees on the Radix network. Users must hold XRD for securing the network via staking, accessing DeFi, deploying smart contracts, and paying for transactions.
- Smart Contract Deployment: Developers pay XRD to deploy smart contracts on the Radix network. The Radix Developer Royalties System allows developers to specify recurring on-ledger royalties each time their code is used in a transaction.
- Validator Fees: Validator nodes can charge fees for processing transactions and securing the network. Users stake XRD to validators who participate in consensus and earn emissions rewards plus fees.
Go-to-market motion1 record
Distribution channels5 records
Marketing channels10 records
Radix product offering
Product offeringCore offering
Radix operates a Layer 1 blockchain protocol purpose-built for decentralized finance, delivering an integrated full stack that includes the Radix DLT core network with Cerberus consensus, the Radix Engine execution environment, the Scrypto asset-oriented smart contract language, and the Radix Wallet for end users. The platform provides developers with tools (Developer Console, dApp Sandbox, Dashboard) to build and deploy secure DeFi applications, while end users access DeFi services through a mobile wallet featuring human-readable transactions and multi-factor account recovery.
Product overview
Radix is a Layer 1 blockchain platform designed specifically for DeFi, offering a full-stack solution comprising the Radix DLT core network, Radix Wallet (mobile app with Security Shield and human-readable transactions), Radix Connector browser extension, Radix Dashboard (network explorer and staking interface), Developer Console and dApp Sandbox for builders, Scrypto asset-oriented smart contract language, Radix Engine execution environment, and Cerberus consensus protocol. The ecosystem includes native XRD and eXRD tokens, Radix Explorer, Instapass (KYC), and Instabridge (Ethereum bridge). Radix Labs drives R&D including the Xian/Hyperscale roadmap targeting unlimited scalability. Developer support includes Academy (Scrypto 101), technical documentation, and a 250M XRD grants program. The ecosystem features key dApps including Surge (perpetual DEX), Ociswap, CaviarNine, DeFiPlaza, and others, with Radix Rewards offering up to 1 billion XRD in incentives.
Differentiator
Problem solved
Functional benefit
Brands
- Scrypto: The world's first asset-oriented smart contract programming language built specifically for DeFi
- Radix Engine
- Radix Wallet
- Cerberus
- Hyperlane
- Surge
Products and services
- Radix DLT (Layer 1 Blockchain) Layer 1 blockchain platform specifically designed for DeFi, featuring the Cerberus consensus protocol for linear scalability without breaking atomic composability. Provides a full-stack solution including smart contracts, wallet, and developer tools.
- Radix Wallet Mobile wallet for iOS and Android providing secure account management, Personas for password-free Web3 login, and human-readable transaction signing powered by Transaction Manifest. Features multi-factor account recovery and Security Shield.
- Developer Console Developer tool providing functionality to deploy packages to the network, send raw transaction manifests, and configure dApp Definitions with on-ledger descriptions.
- dApp Sandbox Developer tool for experimenting with dApp frontend requests to the Radix Wallet, including requesting Persona logins, lists of accounts, and personal data.
- Radix Dashboard Comprehensive network explorer enabling users to search and access any information on the ledger, track transactions and balances, and participate in network security through staking, unstaking, and claiming XRD from validators.
- Scrypto Programming Language The world's first asset-oriented smart contract programming language designed specifically for DeFi. Asset and permission concepts are first-class elements, making secure DeFi development intuitive and reducing hacking risks.
- XRD Token The native cryptocurrency of the Radix network, required for securing the network via staking, accessing DeFi, deploying smart contracts, and paying for transactions. Available on 7,900+ wallets.
- eXRD Token ERC20 representation of XRD on the Ethereum network. Swappable 1:1 for XRD via Instabridge.io, Bitfinex, or Hyperlane.
- Instabridge Easy-to-use token bridge connecting Radix and Ethereum networks, enabling 1:1 swap between eXRD and XRD.
- Instapass Single sign-on approach to optional KYC/AML compliance for DeFi, supporting Radix services such as Instabridge and allowing developers to offer compliant and permissionless financial services.
- Surge (Perpetual DEX) First on-chain perpetual decentralized exchange (DEX) built on Radix, allowing traders to speculate on crypto price movements with up to 50x leverage on BTC, ETH, SOL, and other cryptocurrencies.
Quantifiable outcome
- Over 500,000 TPS achieved in public testing
- +2 more outcomes
Companies that use Radix
Customer profileSegments4 records
Ideal customer profiles3 records
Radix technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
Feature8 records
Radix partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and minor.
- idOScoreidOS, a decentralized data storage and access management protocol for web3, partnered with Radix as part of a $4.5 million consortium funding round. Most consortium members including Radix have signed commercial deals to integrate idOS as the decentralized identity layer within their ecosystems. Radix users can verify identity once and use it across multiple applications through Proof-of-Personhood.
- HyperlanecoreHyperlane integration brought permissionless, open, and modular interoperability to the Radix ecosystem. Once live, this unlocked seamless bridging between Radix and over 150 other blockchains, creating a major gateway for users, liquidity, and assets to flow in and out of the network.
- RedStonecoreRedStone oracles officially launched on Radix with 1,200+ price feeds ready for immediate use. The pull oracle model means developers only pay for data when needed, dramatically reducing costs. RedStone infrastructure already secures $6.6B+ across 100+ DeFi platforms like Morpho, Venus, and Pendle.
- Arbitrum FoundationminorPart of the idOS consortium partners who signed commercial deals to integrate idOS as decentralized identity layer within their ecosystems.
- Circle VenturesminorPart of the idOS consortium partners supporting decentralized identity solutions across multiple blockchain ecosystems.
- RippleminorPart of the idOS consortium partners supporting decentralized identity solutions across multiple blockchain ecosystems.
- NEAR FoundationminorPart of the idOS consortium partners supporting decentralized identity solutions across multiple blockchain ecosystems.
- GnosisminorPart of the idOS consortium partners supporting decentralized identity solutions across multiple blockchain ecosystems.
- Aleph Zero FoundationminorPart of the idOS consortium partners supporting decentralized identity solutions across multiple blockchain ecosystems.
- Tezos FoundationminorPart of the idOS consortium partners supporting decentralized identity solutions across multiple blockchain ecosystems.
- TwinstakeminorTwinstake supports Radix in its institutional-grade non-custodial staking service, alongside top-tier assets like Solana, Ethereum, and Avalanche. This partnership strengthens the Radix Network with institutional infrastructure.
- Gate.iocoreGate.io is listed as a featured exchange partner on Radix Labs page, providing trading services for XRD token.
Scale indicators8 records
Recent moves7 records
Expansion highlights8 records
Radix competitors and assessment
Company assessmentDirect peers
- Avalanche: Avalanche is a high-throughput Layer 1 blockchain with sub-second finality and a strong DeFi focus, similar to Radix's positioning. Both target DeFi builders with custom virtual machines (Avalanche's subnets and Radix's asset-oriented engine) and compete for the same developer and institutional liquidity.
- NEAR Protocol: NEAR is a sharded Layer 1 with a focus on horizontal scalability and developer-friendly UX, architecturally comparable to Radix's Cerberus consensus approach. Both pursue linear scalability via sharding while preserving composability and target mainstream developer adoption.
- Solana: Solana is a high-throughput Layer 1 emphasizing throughput and low fees for DeFi, payments, and consumer apps. Radix's Hyperscale roadmap targets similar TPS benchmarks, positioning both as performance-oriented alternatives to Ethereum.
- Algorand: Algorand is a Layer 1 blockchain with a strong focus on DeFi and traditional finance integration, including institutional-grade staking and tokenization. Both Radix and Algorand emphasize developer-friendly tooling and bridge integrations to position for institutional DeFi.
- Aptos: Aptos is a high-throughput Layer 1 using the Move smart contract language, with parallel execution for scalability. Aptos competes directly with Radix for DeFi builders seeking high performance and a safer-by-default execution environment.
- Sui: Sui is a high-throughput Layer 1 using the Move language with an object-centric data model, parallelizing execution for DeFi and gaming. Sui's asset-oriented design philosophy closely mirrors Radix's Scrypto approach, making them direct competitors in the safe-by-default DeFi niche.
- Polkadot: Polkadot is a sharded Layer 1 using parachains and cross-chain messaging (XCM), comparable to Radix's Cerberus cross-shard composability approach. Both emphasize interoperability and custom execution environments for DeFi and Web3 applications.
Emerging players
- Sei Network: Sei is a DeFi-optimized Layer 1 with parallelized execution targeting trading applications. Like Radix, Sei targets performance-sensitive DeFi workloads (perps, DEXs) but with a smaller scope than full general-purpose DeFi.
- Injective: Injective is a Layer 1 optimized for DeFi, particularly derivatives and order-book exchanges. Injective targets similar DeFi-specific workloads as Radix (perps, DEXs, asset trading) with Cosmos-based interoperability.
Broad incumbents
- Ethereum: Ethereum is the dominant smart contract platform and the primary incumbent that all Layer 1s including Radix position against. Radix's asset-oriented architecture and throughput roadmap are explicitly framed as fixes for Ethereum's scalability and security limitations.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Radix social profiles
Digital presenceRadix financial estimates
Financial estimateRevenue estimate
Valuation estimate
Radix leadership team
Management profileNumber of profiles
Profiles3 records
Radix funding detail
Funding detailFunding overview
Funding rounds4 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Radix M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Radix
What does Radix do?
Radix operates a Layer 1 blockchain protocol purpose-built for decentralized finance, delivering an integrated full stack that includes the Radix DLT core network with Cerberus consensus, the Radix Engine execution environment, the Scrypto asset-oriented smart contract language, and the Radix Wallet for end users. The platform provides developers with tools (Developer Console, dApp Sandbox, Dashboard) to build and deploy secure DeFi applications, while end users access DeFi services through a mobile wallet featuring human-readable transactions and multi-factor account recovery.
Is Radix a public or private company?
Radix is a private company. It is classified as venture growth investor backed and is currently operating.
When was Radix founded?
Radix was founded in 2012. It employs 51 to 100 people.
Where is Radix based?
Radix is headquartered in London, United Kingdom, in the Europe region.
How does Radix make money?
Three revenue lines are on record. Network Transaction Fees are the primary driver. The others are smart Contract Deployment and validator Fees.
Who are Radix's main competitors?
Direct peers on record are Avalanche, NEAR Protocol, Solana, Algorand, Aptos, Sui and Polkadot. Emerging players are Sei Network and Injective. Ethereum is listed as a broad incumbent.
Does Radix have an API?
Yes. Radix provides a JSON-RPC API through the Radix Node software that allows developers to interact with the network. The Developer Console provides functionality for deploying packages to the network, sending raw transaction manifests, and configuring dApp Definitions. The API supports token creation, transaction submission, and network queries. The Tech Docs site (docs.radixdlt.com) serves as the developer documentation portal. Developer documentation is at docs.radixdlt.com.
What industry is Radix in?
Radix's product category is Layer 1 Blockchain Infrastructure. Its primary akta.pro industry code is FSADAMAG, Cross-Chain Bridges & Interoperability Protocols, with a secondary code of FSAPAEAD, DEX Aggregation & On-Chain Execution (routing, RFQ, intent-based trading). Its NAICS code is 52232 and its SIC code is 6199.