Web3 and DeFi need an upgrade, and Radix, a layer-1 network that offers an innovative user and developer experience, believes it can provide exactly that. After launching smart contract capability in late 2023, Radix has seen remarkable growth. But is now taking it up a notch with the launch of #Breakout2024, set to make 2024 Radix’s breakout year.
The first phase saw TVL grow significantly after $10+ million was injected into the ecosystem. The next phase now focuses on expanding the Radix user base and on-chain activity.
Introducing Token Trek, built by dmany, designed to onboard the next wave of Radix DeFi users and to increase engagement within the Radix Ecosystem, participants will be asked to complete Web3 quests by exploring the Radix Ecosystem and in return, they’ll be able to claim a share of over $120,000 in rewards.
Continued Growth on Radix
Token Trek continues from the momentum made by Project Ignition, which marked the beginning of the #Breakout2024 campaign. Ignition boosted Radix TVL by injecting $10+ million worth of core assets such as xUSDC, xUSDT, xwBTC, and xETH into the Radix Ecosystem.
This initiative quickly resulted in a 76% boost in Radix’s TVL within two weeks of launching, along with a noticeable uptick in on-chain activities, signaling robust engagement and adoption within the Radix ecosystem.
Strategic Partnerships and Integrations
Token Trek and Project Ignition aren’t the only focus; Radix is also looking to solidify partnerships and integrations as part of its #Breakout2024 plans. Key partnerships such as LayerZero and Maya Protocol, a cross-chain liquidity and swap protocol are already in the pipeline. In fact, the Maya integration integration was put to a vote, with 95% of the Maya community voting in favor of integrating with Radix. Maya Protocol allows the seamless flow of assets between Ethereum, Thorchain, Kujira, Arbitrum, Bitcoin, and Radix, which is anticipated to significantly drive TVL and user growth.
Starting Your Journey with Token Trek
Developed by the social infrastructure startup dmany, Token Trek will help boost user numbers and on-chain activity by incentivizing interaction within the Radix Ecosystem.
The way it works is that dApps can add their own on-chain quests, and rewards are handed out to those who actively contribute to the ecosystem’s growth by completing the Web3 quests.
With over 20 Radix dApps to explore and $120,000+ ready to be claimed, Token Trek offers a fun and inclusive way to join an up-and-coming ecosystem.
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