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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.
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