Radix

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.

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

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

• Layer 1 blockchain
• Decentralized finance protocol
• Smart contract platform
• Blockchain developer tools
• Crypto wallet infrastructure

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. 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.
2. 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.
3. 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

Core 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

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature8 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• idOScoreStrategic or Co-development Partner · 22 October 2025idOS, 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.
• HyperlanecoreTechnology or Integration · 5 September 2025Hyperlane 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.
• RedStonecoreTechnology or Integration · 12 June 2025RedStone 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 FoundationminorStrategic or Co-development PartnerPart of the idOS consortium partners who signed commercial deals to integrate idOS as decentralized identity layer within their ecosystems.
• Circle VenturesminorStrategic or Co-development PartnerPart of the idOS consortium partners supporting decentralized identity solutions across multiple blockchain ecosystems.
• RippleminorStrategic or Co-development PartnerPart of the idOS consortium partners supporting decentralized identity solutions across multiple blockchain ecosystems.
• NEAR FoundationminorStrategic or Co-development PartnerPart of the idOS consortium partners supporting decentralized identity solutions across multiple blockchain ecosystems.
• GnosisminorStrategic or Co-development PartnerPart of the idOS consortium partners supporting decentralized identity solutions across multiple blockchain ecosystems.
• Aleph Zero FoundationminorStrategic or Co-development PartnerPart of the idOS consortium partners supporting decentralized identity solutions across multiple blockchain ecosystems.
• Tezos FoundationminorStrategic or Co-development PartnerPart of the idOS consortium partners supporting decentralized identity solutions across multiple blockchain ecosystems.
• TwinstakeminorStrategic or Co-development PartnerTwinstake 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.iocoreChannel Partner/ Reseller/ DistributorGate.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

Direct 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

• Xx.com/RadixDLT
• GitHubgithub.com/radixdlt
• YouTubeyoutube.com/@RadixDLT
• Facebookfacebook.com/RadixDLT
• LinkedInlinkedin.com/company/radixdlt

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds4 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Radix