e-Radix (eXRD) is a cryptocurrency developed on the Ethereum platform under the Radix project. According to the website of the asset, the Radix project is an ecosystem developed by the Radix team, which comprises multiple phases of Radix’s utility that includes:

These utilities of Radix make up the ecosystem of the Radix project. It is a project that signifies a decentralized network, which can help developers build their DeFi platforms with better security and scalability while protecting DeFi from hacks and exploitation. Further, to ensure this project can operate smoothly and ensure transactions within the project can be performed, Radix introduced its cryptocurrency, the Radix token (XRD).

XRD is the native utility token of Radix and facilitates all operations within the Radix ecosystem. The token is used for staking, collecting fees, trading, and exchanging products and services within the Radix ecosystem. Further, to ensure the XRD token can support transactions on the Ethereum blockchain, Radix introduced another cryptocurrency, the e-Radix token (eXRD).

eXRD is the Ethereum-wrapped version of the XRD token on the Ethereum network represented as an ERC20 token. The term wrapped token signifies a financial representation of the underlying token, in this case, XRD, which facilitates the value and representation of the underlying token on other blockchains. The cryptocurrency eXRD acts as a common link between the Radix project and the Ethereum space. eXRD enables token holders in the Radix project to experience decentralized finance opportunities on the Ethereum platform. Token holders can exchange or interchange between the two tokens of the Radix project—XRD and eXRD—with the help of Instabridge or Bitfinex. Bitfinex is a decentralized exchange (DEX) that facilitates token exchanges. Instabridge is a service developed by Radix to facilitate the conversion of eXRD to XRD.

This overall structure of eXRD highlights the huge role the token plays in facilitating a dual-chain DeFi operational structure for users on the platform.

The e-Radix (eXRD) token was launched in November 2020 as a tokenized framework by the Radix project to facilitate participation in Ethereum DeFi space and vice versa. According to the website, the Radix project was founded by Dan Hughes in 2013 and is headed by CEO Piers Ridyard. Further, the latest whitepaper of Radix was released on January 4, 2022. According to the smart contract address on the website of the asset, the e-Radix token has a maximum total supply of 4,410,000,000 eXRD.  

e-Radix (eXRD) tokens are wrapped versions of XRD tokens of the platform. The token is developed on the Ethereum network using a smart contract and is represented as an ERC20 token to facilitate participation in Ethereum’s DeFi space.

We update our e-Radix to GBP currency in real-time. Get the live price of e-Radix on Coinbase.

The current market cap of e-Radix is £674.573K. A high market cap implies that the asset is highly valued by the market.

The all-time high of e-Radix is £0.4593. This all-time high is highest price paid for e-Radix since it was launched.

Over the last 24 hours, the trading volume of e-Radix is £5.857K.

Assets that have a similar market cap to e-Radix include American Express Tokenized Stock (Ondo), UniBot, NuriTopia, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of e-Radix is 695 million.