Decentralized finance (DeFi) project Radix The planned network upgrade for (XRD) helps increase the price of the native token.
According to a recent announcement, Radix (XRD) ecosystem is an upgrade from the version codenamed Olympia to Babylon by July 31st. is planning.
Babylon upgrade date confirmed: July 31, 2023. The Olympia to Babylon upgrade will pave the way for global Web3 and DeFi to finally exit the ‘tech demo’ phase with a mainstream enabled user and developer experience.
Radix was trading at around $0.050 at the time of the upgrade announcement on April 11. The token is up 200% this week to as high as $0.149. However, the altcoin dropped 18.6% in the last 24 hours to $0.121 at the time of reporting.
XRD is the native token of the public decentralized network, as well as aiming to rival the DeFi leader Ethereum (ETH). The project claims that the Babylon upgrade will make the ecosystem more attractive to developers.
Pretty good things are coming, whether it’s a good user experience or advances in scalability. Our entire system is constantly up to date, including something as simple as stock market integration. The only thing that does not change in us is change itself and our stubbornness.
NEWS CONTINUES BELOWAs soon as someone sits down and takes care of what’s coming with Babylon, it’s just a matter of time before they get addicted, and rightfully so! The game is about to change and it’s always exciting to watch people realize that.
You can follow the current price action here.