Connect with us

Hi, what are you looking for?


Radix launches its Alphanet testnet as top exchanges list XRD

Radix, the DeFi-focused smart contract platform with a rapidly growing developer community, has announced that its testnet named Babylon Alphanet is now live.

Radix’s native token XRD has also been listed on multiple major crypto exchanges, the platform revealed on Thursday via a press release shared with Invezz.

Babylon Alphanet testnet goes live

Babylon Alphanet is Radix’s latest release following Alexandria, which launched in 2021 and introduced the asset-oriented programming language Scrypto.

As a full-stack solution for the decentralised finance ecosystem, Radix has designed Babylon Alphanet to test a new asset-oriented transaction model, introduce changes to how wallets interact and largely help bootstrap the Radix DeFi ecosystem for when the mainnet launches.

Alphanet will therefore allow the Radix’s 3000+ developer community to test new DeFi technologies and refine their dApps before an eventual rollout on the Babylon mainnent that’s expected to go live later this year.

Radix wants to bring the next phase of DeFi to the users, with new capabilities that improve on the current ecosystem’s that Piers Ridyard, CEO of RDX Works calls “demo DeFi.” He said of Radix’s Alphanet testnet:

“With the launch of Alphanet, developers and the rest of the world can see that there’s a path to 100x DeFi coming. Even through a bear market, our momentum is growing.”

Radix plans to launch Babylon Betanet in Q4, offering stable APIs, Scrypto dApps and third-party integrations. The rollout will then be followed by the Radix Public Network mainnet expected in the first half of 2023.

Major crypto exchanges list XRD

In addition to the testnet launch, Radix also announced that its native token XRD has now been listed on several major crypto exchanges, including Bitmart, WhiteBIT, and LBank. 

KuCoin and HitBTC are also set to list the token, according to details the Radix team provided on Thursday.

The milestone, which follows the DeFi network’s 7x growth in transaction volume in 2022, signals the growing demand for XRD across the ecosystem, Andy Jarrett, CEO of Radix Tokens Jersey, Limited said in a statement.

“We spent the last 8 years building and refining a complete DeFi stack to support a $400 trillion economy, so it’s rewarding to see so many in the crypto community experience the Radix Revelation and join the movement.”

Listing on major exchanges opens up the XRD token to a larger trading market, with access to token pairs such as XRD/BTC and XRD/USDT now available.

The post Radix launches its Alphanet testnet as top exchanges list XRD appeared first on Invezz.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like


    Inflation appears to be on the decline. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of inflation, grew...


    Solana (SOL/USD) is enormously underrated as a cryptocurrency project, even with its hiccups – including the latest exploit on one of the ecosystem apps....

    Editor's Pick

    The new eSIM infrastructure will help modernise the IoT connectivity market with fast, secure connections and reduced vendor lock-in. 1oT, a tech startup from...


    The latest Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics shows the total number of job openings in the economy...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2023