Today marks the v1 launch of the Radix Ecosystem Metrics page.
This page serves as a transparent, real-time visualization of the economic activity taking place on the Radix platform, providing valuable insights into the health and growth of the Radix ecosystem.
A Growing Radix Ecosystem Economy… Even Before Babylon
As a Layer 1 smart contract platform, the long-term success of Radix is dependent on the economic activity that takes place on top of it. Well before the launch of smart contract capability with mainnet (Babylon) in Q2 2023, the Radix ecosystem is already seeing meaningful growth and engagement.
In the last quarter of 2022, over 7,700 accounts have participated in transactions totaling more than $12.5 million (and that is outside of the $111 million of XRD staked).
These numbers demonstrate the emergence of an exciting new economy on the Radix platform and should give everyone increased optimism about the future as more and more users and developers join the growing Radix movement.
A Dandelion Program Success Story
Nelly started RadixCharts with just social media rankings but soon realized that analyzing the ledger data was even more interesting.
As Nelly said, “Theoretically, everything is transparent for everyone, but usually difficult to read and interpret. We love to aggregate and combine the data and create more visibility for the community. And we are thrilled to have received some Dandelion funding to make a contribution. This new Ecosystem overview is just a start to create a good overview for everyone, and we have plenty more ideas for improvements.”
Further Reading on Ecosystem Economies
If you are interested in understanding the importance of ecosystem economic activity further, take a look at Tascha Labs’ post: Public Blockchains Are the New National Economies of the Metaverse.