The post Radix Launches Radix Foundry Program for dApps to Raise On-Chain Activity appeared on BitcoinEthereumNews.com.

Radix, a decentralized finance entity offering a complete stack concerning Web3 development, has announced an exclusive development. As per the platform, it is unveiling its latest project “Radix Foundry Program” to incubate decentralized applications in high-potential groups to elevate growth in on-chain activity and users. The company took to its official X account to disclose the release of the latest initiative. Introducing the Radix Foundry Program 🔥 This program incubates dApps in high-potential categories to drive significant growth in users and on-chain activity in the Radix ecosystem Teams can receive up to $250k in funding to bring their vision to lifehttps://t.co/dLq4zNBiiz pic.twitter.com/LqjUcujXVR — Radix – Radically Different DeFi (@radixdlt) May 31, 2024 Radix Releases the Radix Foundry Program, Incubating dApps to Elevate On-Chain Activity In addition to the announcement of the project on X, it also published a blog post to provide details. It pointed out that within 9 months following the Babylon upgrade many entities have collected significant total value locked. It added that these entities take into account the decentralized exchanges like DeFi Plaza, Ociswap and money markets like WEFT. The respective platforms have reportedly gathered a TVL of above $30M. In addition to this, decentralized apps like XRD Domains, Trove, and ShardSpace offer the finest experience for Web3 users. Along with that, Hug, Early, and other such meme tokens have attracted more users to the Radix ecosystem. Keeping that in view, the platform is unveiling the Radix Foundry to further the above-mentioned successes. The company brought to the front that the project focuses on incubation of the dApps among high-potential classes. According to the platform, this development will potentially drive substantial user growth along with on-chain activity and TVL. The projects taking part in the new endeavor will reportedly get technical, business, and marketing support. In addition…

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Filed under: News - @ June 1, 2024 2:18 pm