Radix Secures $10 Million in Funding on March 23, 2023
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According to industry sources, Radix secured $10 million in funding on March 23, 2023. The investment was provided by DWF Labs. Following this round, Radix’s total funding has reached $14.1 million, with its latest valuation at $400 million.Radix is a layer-one protocol specifically designed for decentralized finance (DeFi). Since its inception, Radix has demonstrated rapid growth, completing a $4.1 million seed round in July 2019. In July 2021, the Radix mainnet officially launched, and in August of the same year, its native token XRD began trading on major exchanges. This latest funding round will further accelerate Radix’s innovation and development within the DeFi sector, potentially delivering breakthrough solutions for the blockchain industry.Against the backdrop of the fast-growing DeFi market, Radix’s progress as a project focused on DeFi infrastructure merits close attention. This funding not only reflects investor confidence in Radix’s technological capabilities but also underscores the ongoing market demand for improvements in DeFi infrastructure.
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XRD fundraising-history
| fundraising-Round | fundraising-amount | fundraising-valuation | fundraising-time | fundraising-investor |
|---|---|---|---|---|
| -- | fundraising-$M | fundraising-$M | 2023-03-22 | DWF Labs |
fundraising-key-milestones
- 2023-03-23Radix raised $ 10 M in funding round
- 2021-08-22XRD is live for trading
- 2021-07-26Radix is live on mainnet
- 2019-07-01Radix raised $ 4.1 M in Seed round
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| 1H | 24H | 7D | 30D | 1Y |
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0.83% | 0.64% | 7.72% | 35.21% | 85.42% |
