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Raiden Network Token can be traded using Coinbase Wallet, your key to the world of crypto.

About Raiden Network Token

Raiden Network token (RDN) is a cryptocurrency belonging to the Raiden project. The Raiden is an open-source project that uses state channel technology to scale Ethereum. The state channel technology is a process that facilitates users to transact outside the blockchain. According to the website, to carry out the process of scaling, Raiden project developed the network known as Raiden Network.

The Raiden Network is an off-chain scaling solution that functions on the Ethereum blockchain and seeks to enable economical, fast, and scalable token transfer for ERC-20 tokens. The term off-chain signifies transactions that take place outside the blockchain. The network also seeks to provide users with security, privacy, finality, and decentralization like blockchains. Thus, aiming to create an ecosystem where users can transfer tokens without a global consensus mechanism while resolving the issues that existed with the Ethereum blockchain. To operate on the network, users and clients have to pay fees for the payment channels to transfer tokens. The payment channels are the technology that facilitates off-chain transfers of on-chain tokens. These fees thus collected by the network are of two types:

The collection of these fees aims to allow the network to function properly while ensuring proper maintenance of the network. Further, to ensure a proper service framework on the network is maintained, the Raiden project introduced the cryptocurrency, the RDN token. The RDN token is a virtual currency of the Raiden Network and aims to be used for many service-related purposes on the network, which includes:

These utilities of the RDN token seek to help in maintaining a proper operational structure for the service framework within the Raiden Network.

The Raiden Network launched its token RDN on October 18, 2017. The token has a maximum total supply of 100,000,000 RDN.

Market

Brazil Market Stats

Market cap

R$3.5M

Volume (24h)

R$46,632.62

Circulating supply

51.1M RDN

All time high

R$45.94

Price change (1h)

-4.85%

Price change (24h)

-19.92%

Price change (7d)

-31.74%

Brazil News about Raiden Network Token

BeInCrypto • May 01, 24

BlackRock Sets New Standard in Tokenization of Real World Assets With BUIDL’s Success

BlackRock's BUIDL fund, recently launched and tokenized on blockchain, has quickly surpassed Franklin Templeton's BENJI, marking a significant shift in asset management.The post BlackRock Sets New Standard in Tokenization of Real World Assets With BUIDL’s Success appeared first on BeInCrypto.

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The Block • May 01, 24

‘Don’t forget about’ last cycle’s hot investment categories, says Volt Capital’s Soona Amhaz

Volt Capital managing partner Soona Amhaz explores the trends shaping crypto's venture market, including memecoins.

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BeInCrypto • May 01, 24

Internet Computer Accelerates Global Expansion Following Massive ICP Global Community Townhall

ICP Global Community Townhall hosted on “X” which drew an audience of over 1.5 million attendees, Internet Computer (ICP) has announced ambitious plans for global adoption. Building on its momentum from a year of remarkable growth, Internet Computer unveils its groundbreaking “ICP HUBS” adoption ...

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BeInCrypto • May 01, 24

Horizon Protocol Futures Testnet Now Live!

Horizon Protocol reaches the final stage of development before the mainnet release!  This latest version introduces the Horizon Futures Account Management System that will enable new essential functionalities such as conditional orders (limit, stop, take profit, stop loss), cross market margin ma...

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Unchained • May 01, 24

Crypto’s New Hype Sector? TVL in RWA Protocols Nears $8 Billion

A new wave of adoption in the form of Real World Asset (RWA) tokenization could drive the next leg of the crypto market, as protocols catering to this section of the industry gain momentum. Data from Messari shows that RWA protocols have seen their Total Value Locked (TVL) surge 60% ...The post C...

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BeInCrypto • May 01, 24

This Is How Ripple (XRP) Whales Are Initiating a Recovery

XRP price is potentially poised to bounce back with the support of the whales who have been accumulating at low prices, looking to book gains.The post This Is How Ripple (XRP) Whales Are Initiating a Recovery appeared first on BeInCrypto.

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Raiden Network Token is on the decline this week.

The price of Raiden Network Token has decreased by 4.85% in the last hour and decreased by 19.92% in the past 24 hours. Raiden Network Token’s price has also fallen by 31.74% in the past week. The current price is R$0.0681 per RDN with a 24-hour trading volume of R$46.63K. Currently, Raiden Network Token is valued at 99.85% below its all time high of R$45.94. This all-time high was the highest price paid for Raiden Network Token since its launch.

The current circulating supply of Raiden Network Token is 51,137,365.57 RDN which means that Raiden Network Token has as total market cap of 51,137,365.57.

FAQ

What is the current price of Raiden Network Token?

We update our Raiden Network Token to BRL currency in real-time. Get the live price of Raiden Network Token on Coinbase.

What is the market cap of Raiden Network Token?

The current market cap of Raiden Network Token is R$3.48M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Raiden Network Token?

The all-time high of Raiden Network Token is R$45.94. This all-time high is highest price paid for Raiden Network Token since it was launched.

What is the 24 hour trading volume of Raiden Network Token?

Over the last 24 hours, the trading volume of Raiden Network Token is R$46.63K.

How many Raiden Network Token are there?

The current circulating supply of Raiden Network Token is 51 million.

Can I buy Raiden Network Token on Coinbase?

Yes, Raiden Network Token is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Raiden Network Token guide.