$RDNT is 1000 times better than $YFI and anyone who missed out on investing in $YFI should pay attention to $RDNT.

$RDNT is described as a Layer 0 multichain defi (decentralized finance) product, which means it is a cryptocurrency that operates on multiple blockchain networks and is focused on providing financial services without the need for traditional financial intermediaries like banks. The market capitalization (cap) of $RDNT is stated to be $72 million, which is seen as a low value for a cryptocurrency with such potential, making it a "no brainer" investment opportunity. #Binance #rdnt #newlisting #dyor #crypto2023

It's important to note that apart from everything, it is still important to conduct thorough research and consider the potential risks before investing in any cryptocurrency.

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Binance Labs, the investment arm of the world's largest cryptocurrency exchange, has invested $10 million in Radiant Cryptocurrency (RDNT), a decentralized finance (DeFi) altcoin. Radiant is a cross-chain lending and borrowing protocol built on top of Arbitrum's Layer 2 Scalability (ARB) solution. The investment made by Binance Labs will be used to promote the project and drive 100 million new users to the world of DeFi. Radiant plans to expand to multiple Ethereum Virtual Machine (EVM) chains, eliminating the need for multiple transactions to facilitate cross-chain lending, borrowing, bridging, and swapping

The investment will be used for technology and product development to expand oracle support, collateral expansion, Ethereum mainnet deployment, cross-chain dissolution, dual-issue support, abstract refunds, and full LayerZero messaging support. These improvements are expected to facilitate seamless entry of new users into the DeFi domain.

Binance Co-Founder and Binance Labs CEO Yi He said that the investment in Radiant reflects their active search for promising DeFi projects that will push the boundaries of the cryptocurrency industry and drive innovation.

Radiant is ranked as the top lending protocol on Arbitrum in terms of total value locked and the 5th DeFi protocol on BNB Chain, the Binance blockchain. After the news of Binance's investment in Radiant, the cryptocurrency rose 11% to $0.342, but has since fallen to $0.302 at the time of writing.

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Binance Labs collaborates with Radiant Capital to boost DeFi adoption. RDNT prices surge by 7.29% in the last 24 hours, reaching $0.3031.

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Binance Labs, the venture capital arm of Binance, revealed its investment in Radiant Capital (RDNT) on Thursday. The investment aims to bolster the DeFi ecosystem by focusing on bridging fragmented liquidity.

Radiant Capital is a lending protocol that enables users to withdraw and deposit digital assets across multiple chains. The primary focus is on expanding numerous EVM chains while discarding limitless transactions. Since its launch, RDNTCapital has experienced successful growth throughout the year 2023.

Radiant Capital Price Update

Following the public partnership release, RDNT market price surged by 7.29% at the time of writing. With an impressive trading volume surge of approximately 647.44%, it ranks 39th on CoinMarketCap. The market capitalization has also reached a substantial $88M, equivalent to 10.66% growth. The price chart for the last 24 hours shows a bullish trend with green indicators.

Crypto enthusiasts speculate that the investment announcement has triggered a surge in the RDNT token within the crypto market. The partnership’s primary goal is to enhance the usage of the DeFi platform in a seamless and secure manner. The unexpected price surge has surprised the community, leading to increased engagement from investors and users.

Representatives’ Remarks on Partnership

Binance Labs‘ Head, Yi He, praised Radiant Capital’s commitment to enabling seamless cross-chain transactions for DeFi. He emphasized its potential for driving mass adoption, as evidenced by its performance on Arbitrum and BNB Chain.

Radiant Capital’s Founder, George Macallan, expressed excitement about the partnership, highlighting Binance Labs‘ extensive expertise, resources, and strategic support. He believes the investment will be instrumental in propelling Radiant to new heights, facilitating expansion to new chains, scaling, and enhancing the ecosystem’s utility.

Radiant Capital envisions a future where DeFi takes center stage, driving innovation and growth. Despite the DAO’s significance, the project remains committed to developing secure and seamless cross-chain functionalities within the ecosystem. This forward-looking approach aims to facilitate the effective onboarding of millions of investors and users as the DeFi sector continues to evolve.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Web3 #Blockchain #radiant #rdnt $RDNT