Radix Launches Betanet For Layer 1 DeFi Done Right

London, April 28, 2021 (GLOBE NEWSWIRE) -- Radix, the layer-one protocol purpose-built for DeFi, announced today the launch of their Betanet, marking a major milestone in the development of the Radix public network, and the beginning of public testing ahead of their first mainnet release. This launch is the first step in Radix’s multi-year roadmap to a multi-trillion dollar decentralized finance (DeFi) market. According to DeFi Pulse, DeFi is now managing over $52Bn in crypto assets. Although the market has grown from less than $1bn at the start of 2020 it still has a long way to climb before it reaches the heights of the traditional financial markets, such as the global derivatives markets, which trades over $640tn in contracts annually. However, protocols like Ethereum have had a hard time scaling quickly, creating huge amounts of congestion and skyrocketing fees for users. Even worse, their current scaling solutions in Ethereum 2.0 break critical DeFi functionality such as composability between DeFi applications. Original full post on: https://ethones.blogspot.com by https://ethones.com & https://officiale.webs.com

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