Binance Labs, the investment arm of Binance, one of the world’s largest cryptocurrency exchanges, announced that it has invested $ 10 million in Radiant Capital (RDNT).
Binance Labs, decentralized finance (DeFi) protocol to Radiant Capital 10 million dollars invested. Cross chain lending and receiving protocol to Radiant Capital the investment made then the local token of the project RDNT price in a short time 10%rose more than .
Binance co-founder and president of Binance Labs Yi He statement about the investment. They trust the future of DeFi He made the following notable statements:
Radiant Capital’s commitment to facilitating seamless cross-chain transactions for DeFi and its performance on Arbitrum and BNB Chain demonstrate its potential to drive mass adoption. Radiant Capital’s commitment to facilitating seamless cross-chain transactions for DeFi and its performance on Arbitrum and BNB Chain demonstrates its potential to drive mass adoption
According to DefiLlama data, Radiant is in Arbitrum Total locked assets (TVL) of $265 million and is among the leading DeFi protocols.
According to CoinGecko data, with the effect of news flow $0.292 from the level from 10% with a large increase $0.324 RDNT rising up to from $0.319 is being traded.
Radiant Capital aims to be an omnichain money market platform where users can borrow other assets supported on different blockchains and deposit their cryptocurrencies. Radiant Capital, Arbitrum (ARB) And BNB Smart Chain (BSC) built on, Layer Zero using technology to Aave (AAVE) It is a similar DeFi platform.