Radicle Price

Radicle (RAD) is a cryptocurrency that operates on the Ethereum blockchain as an ERC-20 token. It currently ranks #791 with a price of $0.6198, showing a +0.78% change in the last 24 hours. Radicle is the native token of Radworks, a decentralized platform focused on Web3 development and DAO governance. The token has a market capitalization of $30.88M with a 24-hour trading volume of $2.66M. There are currently 49.82M RAD tokens in circulation out of a total supply of 99.99M RAD and a maximum supply cap of 100M RAD. Radicle is backed by notable investors including Coinbase Ventures, Fabric Ventures, and Placeholder Ventures. The project aims to build decentralized infrastructure for Web3 applications, with a focus on developer tools and collaborative coding environments. Since its launch in September 2020, Radicle has established itself as a utility token within the Radworks ecosystem, enabling governance voting and platform participation.

Radicle was created on September 1, 2020. It was launched as a cryptocurrency focused on Web3 development and operates as a DAO (Decentralized Autonomous Organization) on the Ethereum blockchain. Since its inception, Radicle has established itself in the decentralized development space, currently ranking 791 among all cryptocurrencies with a market capitalization of $30.88M. The project aims to build decentralized collaboration tools and infrastructure for Web3 developers.

Radicle was founded by a team led by Eleftherios Diakomichalis (Ele) and Alexis Sellier (Alexis), who created the project as a decentralized code collaboration platform. The project began as Radicle and later evolved into Radicle, focusing on building decentralized developer tools and infrastructure for Web3. The founding team secured backing from notable investors including Coinbase Ventures, Placeholder Ventures, and Fabric Ventures. Since its launch in 2020, the project has developed into a community-governed DAO that maintains and develops open-source infrastructure for Web3 developers.

Radicle operates on the Ethereum blockchain as an ERC-20 token that powers the Radworks ecosystem, a decentralized platform focused on Web3 development. The RAD token serves multiple functions within this ecosystem: 1. Governance: Token holders can vote on protocol decisions and participate in the DAO (Decentralized Autonomous Organization) that manages the network. 2. Staking: Users can stake RAD tokens to earn rewards and secure network operations. 3. Transaction fees: RAD is used to pay for services within the Radworks ecosystem. The token has a maximum supply of 100M RAD with 49.82M RAD currently in circulation. With a current price of $0.6198 and market cap of $30.88M, RAD ranks #791 among cryptocurrencies. The Radworks ecosystem focuses on building decentralized infrastructure for Web3 applications, with particular emphasis on developer tools and collaboration platforms. The value of RAD is tied to the adoption and utility of these services within the broader Web3 ecosystem.

Radicle operates on a decentralized architecture built on the Ethereum blockchain. The technical foundation of RAD includes: 1. Ethereum-based ERC-20 token: RAD is implemented as an ERC-20 token on the Ethereum network, leveraging its security and established infrastructure. 2. DAO governance structure: The protocol utilizes a decentralized autonomous organization model where RAD token holders can participate in governance decisions. 3. Web3 integration: As part of the Web3 ecosystem, RAD incorporates decentralized technologies for peer-to-peer interactions without centralized intermediaries. 4. Smart contract functionality: The protocol employs smart contracts for automated, trustless execution of predefined conditions and transactions. 5. Open-source codebase: Radicle's technical architecture is open-source, allowing for community review and contributions to enhance security and functionality. The current circulating supply is 49.82M RAD, with a maximum supply capped at 100M RAD, ensuring controlled token economics within the ecosystem.

Radicle has a promising future with a clear roadmap focused on expanding its Web3 ecosystem. As a DAO-based project on Ethereum, Radicle aims to enhance decentralized collaboration tools and governance mechanisms through 2025-2026. The team plans to improve scalability, introduce new staking mechanisms, and expand cross-chain functionality by 2027. Key upcoming milestones include protocol upgrades to reduce gas fees, enhanced developer tools, and expanded partnerships within the Ethereum ecosystem. The project has backing from notable investors including Coinbase Ventures, Fabric Ventures, and Placeholder Ventures, providing strong financial support for long-term development. With a maximum supply of 100M RAD tokens and current circulating supply of 49.82M RAD, Radicle is positioned for sustainable growth. The development team maintains an active GitHub repository with regular updates and a transparent development process through their documentation portal. For the most current roadmap details, visit the official Radicle website or join their Discord community.