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Radix Recap: Ecosystem and Foundation Updates
Recorded: July 4, 2025 Duration: 0:58:21Space Recording
Short Summary
In a recent Radix recap, key updates included the launch of the Discover tab in the Radix wallet, the public test of the Radix Rewards points airdrop campaign, and significant partnerships with Hyperlane. Additionally, new projects like Notix and cross-chain swaps by Shard Space were announced, showcasing ongoing innovation and growth within the Radix ecosystem.
Full Transcription
Oh Thank you. Music Thank you. Good afternoon, everybody. Welcome to another Radix recap. It is July 4th, 2025. My name
is Adam Simmons and joining me is none other than radix founder
dan hughes how are you doing this afternoon dan i'm good i'm good hold on let me turn these damn
notifications off bloody hell telegram whoops that's always a dangerous game opening up telegram
i'm not gonna lie yeah well uh you added me to a new group earlier
And so I forgot to go and click
Mute
Ah yeah
We probably shouldn't tell people about that new group we added you to
Or that I added you to
Maybe we'll touch on it
Maybe
It's called building anticipation
Little tease at the start Got you I'm still learning Yeah, we could touch on it. It's called building anticipation, Dan. Okay.
Little tease at the start.
Got you.
Get into it later.
I'm still learning.
But how are you doing?
Have you had a good week?
I have had a good week.
I got home this morning from my travels.
Productive, as always, in Jersey with Andy.
Going over lots and lots of interesting things. Brainst going over lots and lots of interesting things brainstorming lots and lots of interesting things some of which you will hear about quite soon um
and yeah so home this morning uh had a had a nice nice uh school breakfast thing because
zach is obviously moving up a year very soon so every year the school does
this like school breakfast thing where you go along and you meet new teachers and stuff
so did that this morning rushed home to be in time for that and then yeah breakfast well i i had a
i got a sausage butty which i mean that's pretty good it is pretty good yeah it was a good bath
sausages piled with sausages, actually.
Brown sauce, just what I needed.
I will fight anyone.
British breakfasts are top tier.
Oh, yeah.
Full English.
You can't go wrong with that.
Do you do the black pudding, though?
I do, yes.
And I'm north, you see?
Black pudding.
Yeah.
Greg's and black pudding, two differentiators of the north-south divide in the UK.
And the colour of tea.
That's a very...
Do you think?
I'm not so sure on that one.
I think the further north you get, the darker it gets.
Hmm.
Like an investigation. Anyway. My investigation anyway my favorite is the term my favorite north south divide in the uk this is very specific anyone outside of the uk you're
just getting some like weird niche knowledge here is some culture that's what you're getting
greg's per capita is the true north-south divide.
Oh yeah, for sure.
100%. Which is not a straight line.
It's kind of weirdly diagonal.
And if you don't know what a Greg's is... There is another one.
If you go to a fish and chip shop
and they don't
offer gravy,
you're in the south.
If they do offer gravy, you're in the north.
And if you're in a very, very very specific place they'll offer you chip spice yes don't know what it is still don't to this day
but it's chip spice but anyway yeah a bit of a tangent there but okay all started a bit of a
tangent chip butties at the school this morning, but it's all good.
So, shall we dive into some stuff going on?
So, I guess the first bit of Foundation news is another week, another wallet update.
Wallet devs on Foundation are cooking.
Absolutely.
I'm starting to get scared for their health, if I'm honest.
Like, I'm not sure where the HR rules are on how much Monster and Red Bull we feed them,
but it's working.
Are we feeding the Monster and Red Bull?
I wasn't aware of this.
That's bad.
I mean, I assume everyone is.
I mean, I go through about two litres of it a day,
so I assume it's just company policy now.
I actually kicked my Red Bull habit not quite a while ago now.
It was interesting.
It was a bit cold turkey,
so I don't have much caffeine anymore.
Red Bull, gone.
And I would,
if you do drink a lot of those energy drinks,
I would advise to try and get off them if you can.
Feel way better.
I have the no sugar one.
Does that help?
apparently that's even worse because the substitute you put in for sugar
is like cancer inducing and all this kind of stuff.
So you better off just having the sugar ones.
Fair enough.
But anyway,
wallet update,
Dan.
Yes.
We're on tangent afternoon here.
Wallet update.
So we now have a discover tab.
So this,
this got quite a 50, 50 reaction because obviously it is something which some people
are like, why have you added this in?
And it's a change of ethos really for how we've been going about some of the updates.
So the discover tab is basically a place where someone who's downloaded the Radix wallet
up until very recently, they were presented with making Radix accounts and that was about it. Yeah. If you didn't know what you're doing, where you're
going, good luck. And there was some logic behind that. Basically going, do people just randomly
download a crypto wallet without knowing anything about that? The other side of that argument is
going, well, even if you did know about it and you've got to there, you probably want to be
directed to some other places and things that we kind of want people to see and get involved in the ecosystem,
the community and whatever else. So a couple of updates ago, the wallet team put in the Dapp
directory, a much requested feature. This update also had some enhancements to that as well. So
there's now categories and filters so you can find the Dapps you're looking for. And that's been some
great work added on there. The next obvious piece was going, well, if you're new to Radix, you may be able to find dApps,
but you kind of want to know what's going on in the community. So that's what the Discover tab does.
So it now has kind of the latest blogs that have been out, links to all of the kind of community
channels, social channels, learning resources, all in one feed, all in one place. So if you're
new to Radix or someone who's just checking in or checking all in one place so if you're new to radix or someone who's
just checking in or checking back or something like that you're easily directed to all of the
official sources so that that is now live yeah and as well it's it's a necessary addition for some
stuff i'm kind of thinking about and having conversations about on the sidelines
conversations about on the sidelines because I really want to start pushing outside of the
crypto bubble a little bit and try and draw in, you know, people who aren't even crypto noobs,
so like proper mass market and stuff. And some of those ideas of what I've been brainstorming
when I was in Jersey and the team strategy days a couple of weeks ago up in Manchester on, you know, how do you how do you pull in?
that we can think of that's quick to implement,
and doesn't cost a lot to run, you know,
and we can build it quick,
or maybe even the community can build it quick,
that can draw in people who have never even used crypto before,
never been interested in crypto before,
and then they land in the wallet
because they actually wanna use, you know,
some product or service that they're interested in
that isn't just usual crypto DeFi stuff,
then a discover tab where they
can then see, you know, what Radix is all about and stuff is a nice piece of that because,
you know, they land in via something that wasn't necessarily crypto focused or even related,
land in the wallet. Okay, what's this Radix thing? so there is a method to the madness of having that in there um outside
of the usual what you might think so um i mean there's nothing really formed in terms of these
strategies yet they're just you know thinking just brainstorming trying to think outside the box a
little on on ideas that might bring in some you know new users that have never used crypto before
and the best place for new users to go as we all, is Radix because it's nice and safe and it's fast and it's cool.
So, yeah, the Discover tab would be pretty important for that if we actually go anywhere with it.
Definitely.
And the foundational pieces that are in Radix make it incredibly good for those sort of situations.
Right, exactly. incredibly good for those sort of situations because as everyone who's used radix knows
once you show someone a transaction in radix or um i i try not to mention it too often but
if you've put someone through radquest they go this actually makes sense to me i can understand
using this if you then try and onboard them to ethereum or solana or even like other kind of
newer networks it's still a bit janky and a bit
confusing and people don't really get it. And that is the real big benefit of Radix. And one
of the reasons why we've got such a great community and great ecosystem is it's a rabbit hole. Once
you get started, you suddenly realize everything else isn't Radix and you just keep coming back.
So great to hear those things are on the cards.
Yeah, you know, I think wallet updates coming through.
I think that, you know, if you're going after pure crypto,
never used it before ever,
I still think there's maybe some pain points with our stack.
But overall, yeah, it's way easy to get started if you've never used crypto before than, you know, MetaMask
or any other wallets that are out there. it's way easy to get started if you've never used crypto before than you know metamask or um any any
other wallets that are out there so you know just something that's ticking over in the background
that's worth mentioning talking of ticking over in the background before we get into
a big foundation thing that's going on um i'm going to ask you the question i think i know the
answer since you've been busy in lots of meetings, but any hyperscale news, Dan?
I have to ask because otherwise it gets stabbed.
Yeah, yeah, yeah, yeah.
I know, I know.
So in terms of actual movement on development, it's still quite slow.
I've been traveling around and stuff,
but we did have some very good calls last week
to nail down a tentative date,
which we have done, and we are hoping to get confirmation on that,
I believe, this week, right, Adam?
Not this week.
Next week.
It's Friday.
Yep, early next week.
Yeah.
It's an achievable date.
It's good to have one, finally finally that's looking like everybody's happy
with um so i need to stop again playing around and making it better and lock it all down now
so that we can actually hit that um but then the uh all the work i've been doing over the past few months, in between all the many hats I've had to be wearing, it's way more robust than it was in December.
Confidence level of anything going wrong is so much higher.
Things not going wrong. I assume you mean. Your confidence level on it not going wrong.
The confidence level of not going wrong. Yes. you mean. Your confidence level on it not going wrong. The confidence level not going wrong.
Yes.
My bad.
Sorry.
Yeah.
Yeah.
I'm very confident it's going to explode is not what I wanted to say.
So, yeah, I just, yeah, I just really need to park out a couple of weeks of uninterrupted
stuff, which I've got a bit of travel again next week.
Something very exciting, which i will no doubt
report on when i'm there and then i should get a couple of weeks of free run um because all the
necessary hat wearing has been done at that point um you know because things change a little bit
mistaken the next the next week one is kind of related it is it is a little but you know here
you go with the anticipation building again, right?
Yeah, it's
because I'm envious of it. It'll all come to light next week.
Yeah, you were very happy
when I told you. Hey, guess what? I'm going to.
I was happy.
I'm glad it means
that it's a good opportunity for Radix.
It was one of those times when
founder privilege slaps you, though.
Oh, yeah. I don't get
that very often. So, you know, it was nice. You deserve it. You've had a rough couple of months,
so you definitely deserve it. But yeah, anyway, enough teasing on that. I know you've also given
some updates on your kind of mini hats wearing in Telegram last night. I don't know if you want
to touch on any of those briefly. Yeah. So, you know, it's been a little bit of chatter here and there that you know i've
i've stepped back into wearing hats at rdx as well um so there's a bunch of questions and traders
which um the community have been needing answers for for a while but just haven't been able to give
them uh up until this point so um if you if you're interested in an interesting discussion that was
had last night then go into the trade channel you can catch up there should answer a number
of questions and maybe some concerns that you've had over the past six months or so
um and it'll give you a little bit of an insight into just how much i've had going on recently so
no excuses just you know there's been a lot going on and a lot of had to do um and i'm
i'm kind of glad that a chapter is coming to a close and i can get back to normal um i really
i you know i really miss just sitting here for like four or five days not having to run around
or jump on millions of calls and just code really cold turkey on that so the sooner i can get back to that the better and that seems to
be pretty pretty pretty close very good to hear and i know i speak for everyone in the community
knowing that we want you back in coding cave um yeah locked away tink, building and getting a world record in throughput. But finally, next bit of update is there'll be some more news coming out straight after this space for anyone who is watching or listening live,
which is we announced last night that we are doing a public test of the Radex Rewards points airdrop campaign next week.
of the Radix Rewards points airdrop campaign next week.
So starting July 7th at exactly midnight UTC time.
So that's Monday, July 7th until July 13th,
a minute before midnight UTC time.
We're basically doing a complete dry run
of the back-end MVP of Radix Rewards.
So this is just to manage expectations appropriately. The front end is
functional. It is not going to win any design awards. It is not meant to. There's probably
going to be some jankiness to that. We are aware we don't care right now. What we're really testing
is the backend systems for tracking activity, making sure those activity points
are being correctly counted.
We're getting any edge cases,
any edge cases that we don't want
or exploits are correctly being mitigated.
And those activity points are converted
into season points correctly
and the XRD multipliers
and all those sorts of things.
All of those systems work,
all the backend databases,
all of the on-ledger stuff and gateway queries
and all that sort of stuff works as intended. Now, I really want to give a huge shout out to the team at the foundation
and a couple of people in the community who have been helping out on what has been built for the
incentives campaign so far. Because Dan, I know you've been somewhat involved with this as well, but we set them an
aggressive deadline, like early July, ready to launch. And the concession I gave when I said,
this is when we want to do it for, um, was it can be a true MVP. We can iterate week on week on week,
but we've got to have at least the XRD part of this and at least USDC in on at least
like these major dApps. And they've done more than that. They've actually got down to the P4s
of the activities we want to track and the pools we want to track. So we've got the big four blue
chip assets. We've got the top five dApps by TVL incorporated in there. We've got a couple of
catch-all things incorporated
in there, as well as trading of those assets, as well as liquidity provision, which wasn't in the
original, all done and a front-end that's functional and actually showing more information than
we had in the MVP spec anyway. And that is because they have been absolutely cooking.
And really huge, huge shout-outs to those people involved you know who you are
but again they're sure there'll be some rough edges in the test next week but it is essentially
a release candidate assuming things all go smoothly so please participate in that test
as I said at the end of this call or shortly afterwards because I'll be posting it I'll be
putting up a blog post on
basically how to enroll because very important reminder for everyone, the incentives aren't
automatic. If you want to participate in Radix rewards for getting involved in the ecosystem,
putting in capital, using liquidity, doing these things, you have to go and enroll in it. You have
to use your Radix wallet to connect, link any accounts that you want to be tracked. And from the point you link those accounts and enroll, your activity
will be tracked. If you don't, it will not be. So go and enroll for the test next week. You can
enroll over the weekend. We'll be putting out loads of reminders, but please, please, please,
if you are at all active in the Radix ecosystem, come and do it. The amount you do doesn't really matter at this stage. Obviously, if you want to come in and put a million dollars of USDC into
one of the lending platforms or into a DEX, go for it. Obviously, that's a great thing.
Equally, if you just want to put in like $1 just to see if it works,
please do that as well. Give all of the things a try, put some assets in,
do some trades and stuff like that,
because that gives us the backend data
that we need to validate.
Yeah, the team have absolutely smashed us at the park.
It's been a big piece of work,
a big lift over the course of what,
about three months
when development actually kicked off i think
maybe not even that um so yeah i mean just absolute machines everybody going above and
beyond to get this ready to go um and the timelines that were given which were very
aggressive and to you know over deliver on uh you know the
the integration priority for various things as well really absolute top-notch work so proud of
the team i can tell you exact date it was april 11th there was obviously some design work and
strategy work done before then but like pull the trigger on let's work on this full speed. Yeah. Foundation devs was, yeah, April 11th.
So flat out on it, getting these things working.
Not even three months.
And also remember, you know, that was still very much a transition period
from RDX, the foundation as well, back end of getting settled in
and all these kinds of things.
So yeah, really done an amazing job.
Absolutely.
Also, I think it goes out to many of the DAP builders
in the ecosystem because they have been extremely helpful
in nearly every case with providing information,
providing some libraries,
giving some explainers to the team,
many of who are catching up on kind of parts of the stack
they wouldn't have necessarily been working on on the RDX side
to get this working. And I'm sure we'll continue to be asking questions. We add more assets,
more activities, more pools, more dApps, et cetera, into this. So please continue that. And
it really is exciting what we've got here. So please take part in the test next week,
even if it's with like a couple of dollars of liquidity, please do it.
It's just very, very useful.
So that data, I'm sure there'll be some rough edges.
I'm sure there'll be some things to learn.
But yeah, very excited for it.
Yeah, this is also a really good showcase of what us and the community can actually achieve together when it's, you know, specced out
and there's, you know, motivation to do it.
And it's been planned as well as it could be.
I mean, planning it was quickly.
We wanted to get this out very, you know,
as quickly as possible, right?
This is like a major piece of the different strategy
that we're running.
But, you know, such a huge piece of work and to have all those moving parts
with community as well, and for it all to just come together, it's a real good
showcase of not just the foundation team, but the community teams as well.
And just, again, as always, just showcases what a great community we have.
Some very smart cookies and dedicated people.
And some, I won't name them because I don't know if they want to be known publicly.
Um, but we've also had a couple of devs from the ecosystem contribute to the core
code for the Radical Arts program.
Um, and they have been awesome.
And what is really as, as a non-tech person or non-dev myself,
what is really impressive is the depth of knowledge of these people as well.
Like for a technology stack that has only really been in the open
for people to play around with for, what, coming up to two years now?
Yeah, about that.
There's people who have now been able to help on core use of these
things have a breadth of knowledge across it on daps that aren't even their own daps and being
able to contribute to this so huge talent in the radix community which makes me super bullish about
things that can happen once we start getting some some attention in um it makes me very excited like
you know if there are big projects in the future that the foundation wants to do,
maybe even more complex than this,
it gives me a lot of excitement that one, those things can be achieved,
and two, they'll be shit hot.
I mean, so, you know, the sky is the limit in terms of what we can build together,
I think, because this was such a huge piece of work
there's no reason why with similar collaborations in the future we can't do things even better.
100% Dan I also because I touched on the kind of rollout plan for this I know you've had some
shared some thoughts in telegram about you've got some quite strong feelings on how you want
the team to roll out the incentives program,
not being necessarily a big bang day one. And I think it'd be really good for you to kind of talk
through some of that reasoning for people listening, because your context and perspective
there, I think are really solid insights and learning from a lot of the mistakes and things
that haven't gone well over the last two years. Yeah. You know, it's just like there was always before kind of this strategy of here's
something new that's going to be launched and more product focus as well, which
this really isn't really a product.
Right.
But, you know, there was a lot of marketing push before and ramp up of awareness.
But there was a lot of marketing push before and ramp up of awareness.
And then, as is the Radix curse, things would go wrong or they would be delayed.
And then the marketing efforts and the PR efforts that you, Adam, were heading up would
then have to pivot or re-strategize and momentum was lost.
And it's very difficult to get that momentum going again after that,
as we saw on a few occasions.
And because we're running a much smaller team and a tighter ship
at the moment, didn't want to risk, one, burning know, marketing campaigns and things
when, you know, there's always a potential that things can slip,
right, so definitely didn't want to spend money that we tried to
spend sensibly, and then, you know, have to stop and then do
another one at it. But also more than that is, you know, loss of
momentum. So we've
taken a much more conservative approach. And I think that's,
that's sensible, right? You know, we are running tight. We're
being very frugal with how we spend and what we spend on. But
I think that that strategy also plays out okay here, because this is a campaign that's going to run for a long
time, right. So I think it's fine if there isn't this kind of
big bang event on the day that it launches, and that can come a
little while later, and build up to it so that we we've got a
momentum. So it's just a slightly different strategy,
because I just have
a lot of ptsd over the way that things was previously executed and the issues that that
caused um so just don't want to make the same mistakes basically i also think it's from a
from a technical standpoint or not technical standpoint but from a technical standpoint, or not technical standpoint, but from a ecosystem and economic standpoint as well,
we need to build this up as a snowball
rather than just suddenly dropping
a whole bunch of people in day one.
While you think,
or while it can feel that way of like,
oh, it'd be great if we just suddenly got
loads and loads and loads and loads of people in.
You do need the supply and demand side
to balance up nicely.
You need all the systems to get checked.
You need to find any things that aren't quite working
the way you necessarily want them to work.
And I don't mean that from technically not working the way,
but tweaking, say, the amount of season points
for different activities
or which activities are grouped together
or getting the supply and demand side
ramping up together equally.
Because otherwise, the first impressions you get maybe
aren't the first impressions that you want people outside of the ecosystem to have. And that means
that we do need to have a building phase and sustained growth is the thing that I think the
market is really waking up to. And these are conversations that I have behind closed doors as
well, with kind of high net worths, VCs, with institutions is that kind of hype pump
cycle is something that people are shying away from now. They're seeing real value being built
in the ecosystems. And what they're going is like, is this sustained? Is this sustained momentum?
Is this building on solid tech? They're looking for those things to be growing and that kind of traditional Y Combinator, any kind of accelerator
thing of going that it's your seven to 10% week on week growth. That's the thing that they're
looking for. Where is that number? Are you sustaining that? And are you growing that on
your actual like lifetime value of users and network activity or whatever the equivalent may be,
rather than just going, Hey, we're doing a super splashy campaign with Matt
Damon in a TV advert that's going to be good for a week. And then everything falls off a cliff
because they've learned from that. They've seen what happens when that work goes through.
So definitely planning on all of the rollout stuff. There's a lot of stuff cooking behind
the scenes on that. But we are very much going that we announce things when we're at very high
confidence of them. It's why we announced the test next week we announce things when we're at very high confidence of them.
It's why we announced the test next week, yesterday, because we wanted to get to the
point that we were doing some internal tests. We wanted to make sure they were all looking good
rather than being like, oh, we're going to do a test then and then move it a few days or something
like that. It's like, nope, this is when it's happening. It's going. So expect that kind of
cadence of rollout and then get involved because that's the thing that makes a really big difference well said speaking of pr though dan um you are making some waves in different
places because you were in techopedia um in the last two weeks as well speaking about airdrops
is one of the things they did a whole big piece of it off the back of Proof of Talk. And I think you were quoted four times in one article.
Yes, I was.
That's very rare.
It's rare you get quoted, or not you specifically,
but anyone in kind of like a multiple kind of opinion piece like that,
that a single person gets quoted multiple times.
I know, I know.
And interestingly, the other chap, Martin,
who was quoted in the article a bunch of times,
was on the panel I did at Proof of Talk as well.
So I thought that was interesting that me and him obviously had been interviewed for this piece that went out.
And we had some similar overlapping opinion, but then also different opinions on each end of the spectrum. So it was it was really nice article, actually. And it was nice that
it was it was written almost in a way as if me and Martin were
having a conversation, right? You know, there'd be my opinion on
something and then here's and then the next question and
stuff. But yeah, I'm not I'm not quite getting as much PR
content as I maybe was a few months ago because
again it just it's just it's just time um but there is a lot going on um
pr build up and stuff there's quite a lot of stuff scheduled um there's some really good
podcasts coming up over the next month or so um so kind of what YAP have done is while I'm crazy busy running
around and time saturated, kind of boot things in in the future a little bit just so that they,
you know, I have a, I'm able to focus on what I need to focus on right now and then get back on
the PR bandwagon and stuff. But occasionally, you know, one drops out and this was one of them and it was a nice piece.
We've also got weirdly the, well, not weirdly, but nice coincidence on this as well of some of these things being pushed off is they're now timing up very nicely for incentives for hyperscale, for hyperlane and those things coming together nicely.
So that's a good benefit.
You've also, as ever with PR, earned PR is very much dependent on
what is happening in the space, who else is talking, what news is happening. Some of you
may have noticed it's been quite a busy news cycle the last month or two. So that naturally
leads into things both in crypto and outside and markets generally and all of that. So the team at
YAP are all on board, ready for the Hyperscale stuff. They're all on board ready for the incentive stuff.
We've got some good plans there. We're gearing all of that up as well. And I've also do want to
shout out some people in the community, specifically Seven. So Seven has been doing some amazing stuff
on getting some people organized around doing some community-led
pushes um that are are really solid so please get involved if you've got some time if you've
got some experience some skills even if it's just a little bit reach out to seven reach out to other
ambassadors as well because it makes such a big difference and obviously they're they're here but
like people like machinist and felix running the Radix review on Friday night. All of these sort
of things creates a bigger surface area. Beam, of course, with coffee beam, coffee with beam,
or coffee beams. His new X space, like these are all just increasing the surface area. And
from a marketing perspective, nothing works better than someone who you can relate to telling you why
they like a thing. Hearing me or Dan or a brand account or
something saying why something's great, it works. Otherwise marketing wouldn't exist, but real
people who are similar to you talking about makes a huge difference. So like the Trove blog that
went out recently, seeing Rippy's name in the list here, like a solo dev who has built Trove and
Trove Pro, that story is going to relate really well to other solo devs, other people wanting to start building in Web3.
It may not resonate quite as well with a large enterprise who is looking at doing a deployment in Web3 and vice versa if they did a case study or something like that.
So the more service area, the more you get involved, the better. And there's so much talent in the community.
service area, the more you get involved, the better. And there's so much talent in the community.
Lean into people trying to self-organize and try and get some grassroots stuff because
Radix is in many ways the last viable OG in the crypto space. And that's something worth
fighting for. And Dan, I know you've got some thoughts around that as well.
Do I?
You do. The whole like original, the original ethos of crypto versus VC chains nowadays.
Oh, I see.
Okay.
Yeah.
Okay.
I was missing some context there.
Yeah.
I mean, there isn't really anything like us that's still out there.
Right?
I mean, even the number of projects that did start out with perhaps many of the same values as Radix, for want of a better phrase, have sold their souls to the devil.
And we're still very grassroots.
We're still very aligned with the philosophies and the fundamentals of the original crypto movement, you know, decentralization, self-sovereignty, permissionlessness,
and all those things.
Um, and yeah, you just don't really see that very much now, or even
over the past five years or so.
So, you know, we're, we have a lot of special things.
Um, and you know, we've, we've had some hard times and some bad luck with stuff.
Um, but the way things are moving and the stuff that's happening,
the things that are on the near horizon and stuff,
and, you know, a kind of revived community.
I'm just, I'm very, very positive, bullish and confident
about where we're going to be in six months 12 months 18
months um i think once we really start moving and some of the things over the next few months you
know they land and they get some traction we can be a real force to be reckoned with um over the next 12 months or so. And it will appeal as well.
All those OGs in crypto and people who are fatigued with just this pure speculation
and getting wrecked.
I think that the values that we have as a community and as a project,
I do think that they will resonate.
It's also another aspect to that.
Institutions, governments, and major players
are also starting to see the value
of some of those original principles far more.
So I know there's a lot of talk in the community
around like the Bank of England putting out a challenge
around can a public D public DOT actually be the layer that central banks issue assets on?
There's some obviously news recently about like Robinhood launching derivative equities on Arbitrum, for example.
equities on arbitrage, for example. And these are the sort of things where these major players
are waking up that actually, where is the conversation even a year or two ago was very
much about private networks, or they just launched their own chain or something. They're starting to
realize the benefits of a single unified network, much like intrawebs or intranets versus the interweb or internet rather.
And then the second piece is they're also asking some pretty deep questions.
So the Bank of England one, one that can kind of slip under the radar of people,
is there are a big chunk of their questions around protocol updates,
asking about how is that done?
How are protocol updates issued?
How are they voted on?
What's the governance on it?
How do validators work?
And really, a lot of those questions are coming from sensible thinking of going that if you're
issuing on a public network, who controls what changes there? And this is, again, another reason
why these individual, even if they were individual public networks, is you're going, well, it's great
if, say, the Bank of England launched a public DLT called the Bank of England chain, for example, and then Germany and France and Spain and Portugal
and Argentina and Brazil all do the same. But if one of them pumps out an update that then
breaks interoperability between all the others, that causes everyone a problem.
And so they're looking at this. And the same question kind of comes to the VC chain side of
going, well, if there's just a handful of VCs controlling this chain effectively,
is that a suitable environment to launch in as well as all the scalability and usability and
buildability side of things that Radix hits on as well? So super bullish. My view on this is that
fundamental meta and fundamental narrative is actually deeper than people necessarily see on
crypto twitter yeah and there was there was that period quite early on as well um where
like 2014 2015 where there was all these kind of private chains built specifically for banking and institutions and stuff.
Like R3 Quarter, I think Hyperledger and a few others.
And they got a bit of traction, but they never really got outside of the pilot phase.
pilot phase um and i think a lot of banks institutions were left feeling okay somewhat
underwhelmed by what was offered and the complexity of getting those to talk to each other and stuff
um and i think it was always inevitable that it would come full circle it was really just a case of when, right? And it seems that that when is about now.
So there's a huge opportunity here, you know, to really push on the benefits of public ledgers
for central banks and large institutions and stuff and really showcase what can be done.
And probably more so now because there's been a lot of progress in terms of, you know, the developer stack and the various primitives that are available and what you can do.
And this isn't just really, this isn't specifically a Radix thing.
I think just across the entire space, there has been, you know, endless progress across many, many niches and, you know, subdomains of utility and stuff like that um
and so i think that banks institutions etc if they take another serious look at what public
deployed blockchains and ledgers can offer them um i think they will be happily, you know, happily surprised on how far they've come since, you know, 10 years ago, right, 2014
2015. And there's definitely that there is definitely enough
progress made. And for Radix specifically, absolutely enough
progress has been made, where we can support most use cases um that central banks
and uh large retail banks investment banks investment firms etc we could facilitate and
support most of the use cases they would need um which wasn't possible either 10 years ago so
um it's prime time to to lock that in um And we will do everything we can to lock it into
Redix. 100%. And the other bit of interest I've always seen is that people go, well,
how are they going to understand the crypto stuff? How are they really going to get this?
And I think this is something that has changed changed especially in the last three years or so is that all of these large institutions
now really are understanding and digging deep into dlt technology defy and really get it it's
no longer just a fleeting like skunk works piece um and i know i reference it often but it. It's no longer just a fleeting skunkworks piece.
And I know I reference it often,
but it's why you have people like Larry Fink from BlackRock
constantly going on about how everything will be tokenized.
It's why you have the President of the United States
talking about everything being tokenized
and crypto being the future and the Bank of England or whatever.
This is being taken seriously.
It's no longer a side project.
So super exciting. Self plug on this. If you haven't read it, I put an X article
out, I think it was last week, around basically why the industry needs to show TradFi, why these
technical innovations and experience and basically development in the space is suitable for this.
Otherwise, we kind of risk
that initial ethos that i'm sure everyone here got involved with crypto for um so love to know
people's thoughts on that as well um but i am conscious of time dan yes we are very busy we are
going today would you like would you like to do the quick update that we had around the Telegram chat I added you to?
Yeah, this is very quick.
We had an update call with Hyperlane just before we did the spaces.
Everything there is going really well.
They're on target.
Loving the building on the RADix stack, which is nice to hear.
Yeah, just things are moving in the direction they need to.
And we're going to have weekly updates with them just to stay on top of things.
But yeah, it was great updates.
I mean, nothing really more to share than that.
You know, it was a very short meeting, I think, kind of like 15 minutes tops uh it was like yeah everything's fine on target it's all great radix is cool carry on
which to be fair is exactly what you want to hear when you're on our side of that
on a friday yes yeah it is so and i'm just jumping in early as well the people who said heard that
we have a weekly catch-up with them that isn't the only comms we have with them. We speak with them regularly.
That's just our weekly progress sync
with the wider team.
So we're supporting them all the way through this,
but things are going really well in these early stages.
So they're happy.
We're happy.
They had some questions,
and so kind of answered those for them.
And there's various groups where there's constant comments backwards and forwards and stuff.
But obviously, I've been traveling a lot most of the week and last week as well.
So these weekly updates that we're having on a Friday, I guess, are more for me at the moment.
Just so I can have a quick update on where we are.
Are there any problems?
Is progress good?
What do you need?
Do you need anything?
It just keeps me in the loop.
And looped in you were today.
So we've got 15 minutes at most.
Okay.
Okay.
Have you got the doc in front of you for the ecosystem updates?
I do. I see Astralral lesson is there as usual yeah there's there's many here um so do you want to pick some and because i always
rattle through these and i think we should share uh well the thing is you're way more in touch with
what's going on in the community at the moment because i'm always traveling or in meetings or
god knows what so i mean i these ecosystem updates that we do on these fridays is just as much for me
as everybody else at the moment so i will let you run point fair enough then okay radix kingdoms so
fantastic game on radix um it's live on the main net it's a pvp strategy game where you can basically
mine and battle other kingdoms using k gold um it's on
chain it's action ready i've already seen in telegram people sitting there saying that they're
going to attack each other and stuff like that which for a brief moment does make me quite
concerned being like i'm going to come and attack you and i'm like whoa and then like oh it's
radix kingdom so definitely give that a go it's good fun not. Notix from Shard Space, they've been shipping
more features as well. So Notix, for those of you who don't know, is like a push notification service
for on-chain activity. Fantastic. Yeah, this is very cool, actually. Yeah, I've been seeing the
notifications around like new TVL coming in, UX assets in store for various things. Yeah, it's
very cool. Notix. Yep. So awesome work by Avant there.
So they've got a new catalog feature
is what they've added.
And they've also added
one-click adding for popular accounts,
resources, pools, components,
and anything else that gets popular on Notix.
So for example,
a new token launch on a launch pad
or something that's got hot.
So fantastic work there.
Staying on Shard Space,
they now have cross-chain swaps live.
So you can now trade and do cross-chain swaps
for Sol, Base, SWE, Bitcoin, ETH, Arbitrum,
Maya, Thor, Shane, and XRD,
all directly from your dashboard there.
They've also just finished their Trove Pro integration
and got that live.
So you can view and manage your NFT listings
as well as list and cancel directly from Shard Space.
We've had a new B2 on. They have. They've been shipping a lot. They've been doing a lot behind the scenes,
which I'm fortunate enough that I get to see because of the grants program and catch-ups
that we have with all of the teams there. But they've been laying a lot of groundwork to ship
quickly these things now. So yeah, great work to Shard Space. Had a new beta launch as well. So
Radfolio. So Radfolio is a Radix native portfolio manager where you can kind of manually add
accounts or link accounts that you've got. You can have real-time token balances and charts and
transaction history and all of those sort of good stuff. And they're bringing out kind of NFT and
LSU views soon, top performers, performance analytics, and things there. So again, another new project, new devs in the ecosystem,
building some cool stuff.
Very cool.
Our good friends over at Astrolessent,
they have got in just in time for getting a new update
on this space.
And so great work, Taman.
Cardano is now live for the Astrolessent Bridge.
So you can now bridge Adder to Radix
with just a few clicks, which again is-
Congratulations Cardano for being listed on Radix.
Congratulations Cardano for being listed on Radix.
So, and also congratulations to Astrolesson, of course.
I don't have the full list of all the chains
and wallets they support,
but it's getting very, very long now.
So I can't write it off memory. It's like the Astrolesson has been a point of this ecosystem system update for about six months
now every time. So going, going well, Trove have launched their terracotta army of Xi'an. So
TAOX is now live. So these are some of their experimental NFTs or NFTXs or NFXs.
Can't remember exactly how they say it, but this is using sub intents and dynamic traits,
which is really cool. So I won't go into all the details of how it works. One, because I
don't know them all off the top of my head and B b we are short on time and there's a lot of updates but this is again just really cool innovation i'm really happy i
know we spoke about this last last time on the recap dan but i'm really happy people are playing
around with sub-intendents now um yeah it's really cool i think it was always one of those things that
was going to have a bit of latency before people picked them up and actually figured out you know
how to use them what you could do with them and stuff um so yeah it is really cool to see them being used um and i'm
sure there's there's many cool cool uses of them to come over over the coming months but yeah it
is good to see them because they are very powerful it's also one of my not sub intent specifically
but when people start playing around with things and talking about them and putting out these kind of ideas and test cases like austin did one with
the ice nft when um erc 404s came out and things like that is that there's something i've called
for a long time like a spark of innovation or and that spark suddenly leads to a lot of people looking at it. So
I know beam has also been looking at sub intense and a few other people have as well. And
it's like, once a few people just start playing around with it, suddenly you'll find a lot
of people start playing around with it. Cause they go, Oh, I didn't know you could do, Oh,
I can do that. I didn't know I could do that. Oh, maybe I could do this as well. Suddenly
it kind of like kicks off that chain reaction. 20 ideas and then you're going to decide which one you're going to do first
yep and luckily we have a lot of devs in the ecosystem who are very talented so
divvy them up between you because there's some really cool stuff that can be done there
um moving on we've also got radix api with a new update so they've got an update for those of you don't know radix api
provides basically similar to like rpc services for mainly b2b to query on-chain radix data in an
api format for tons of use cases but they've just added in better nft id sorting and also some
operational parameters for querying nft id ranges this is one of these things
which if you're not a dev you may be like oh why why does this matter um but radix api come up
at least once a month with external conversations i have of people looking to do stuff with radix
and going oh is there is there rpc? Do we have to run our own node? Are
there anything surfacing this information? It's like, yeah, Radix API. And then they come back
and go like, wow, that's really cool. That is super mature for an ecosystem and network
the size of Radix. So big shout out to Radix API team there. These are the sort of things that they
may not get splashed on the front page of of crypto news but other things
that in the back end power a lot of a lot of stuff so that is great um talking of back end
back end things that maybe you wouldn't see but make big differences is srwa have just had their
registration approved with the new zealand financial provider. So the financial regulator. So again, another milestone for RWAs
and projects on RADx being able to do cool things there, legitimate long-term thinking projects.
So congratulations to that team there. And last but certainly not least, Liquify has rebuilt
their platform. So Liquify now automates liquidity tools for LPs.
It's got some incentive settings to redeploy claimed liquidity, and they are currently testing
it on StokeNet and have asked for us to give them a shout out and say, please, could anyone who
uses StokeNet or willing to test, please go and give it a go and give them some feedback.
It'd be much appreciated. There you yeah wow i mean so much happens in two weeks dude every single time and this list
is only going to get longer i'm sure um over the coming months so you know our spaces is either
going to have to be very fast and people have to play it back at half speed
or it's going to take two hours at this race that that playback of multiple speed
is my favorite technology feature i think that has been like proliferated
in the last couple of years at least like my life of being able to like watch youtube videos at 2x speed literally double
halves the time i have to spend on stuff because you get it don't you i mean we're doing it right
now but so many they they're there and they talk at this kind of speed because they want to pad out
the minutes for the oh you're watching those kind of things, yeah, where it's stretched out.
Yeah, 2x on them is great.
Yeah.
I wish I could go faster,
if I'm honest.
Yeah, anyway, random tangent.
Any other random tangents
or actual useful stuff from you, Dan?
No, I don't think so.
I think I've spent all my
random and useful tangents already today. So I don't think so. I think I've spent all my random and useful tangents already today.
So I can't think.
Nothing springs to mind.
Here's one for you.
We mentioned Greg's, and that's something that the non-Brit's may not know.
Describe Greg's and why it's brilliant.
Describe Greg's. It's just, it's like your sausage rolls and your pasties and just greasy, greasy, greasy
northern food that keeps you warm in the winter.
That's what I think about when I think about Greg's.
I love it.
It's great.
What I found out recently is I flew from an airport I never normally fly from East Midlands.
They have a Greg's there. And I was like was like this is why do i want to go like from heathrow terminal
five to like gordon ramsay's place when there could be a greg's in an airport yeah i mean you
just go for the greg's right yep like you know it's um the good thing with, with, with Greg's and like things like McDonald's and stuff,
I mean, it's not great food, right.
But has anybody ever been like violently food poisoned from a Greg's or a McDonald's?
I don't think so.
I never have, but then, you know, you go to a Gordon Ramsay's and you probably,
cause it's all fancy and, and LARPpy guarantee like one out of five times you go
you're going to spend two days in bed with some kind of poisoning
so you know not the best food but when you're when you're traveling somewhere or you've got a
a tight schedule and you can't afford to be ill then yeah serves the purpose but that said i do need to eat better i i've been eating terribly
over the past few months so please do not bring up things like i i'll get brian johnson onto you
telling you that you know sleep sleep eat and maybe maybe don't have time quite now for the
four hours in a hyperbaric chamber each morning that he does or something like that.
No, definitely not for that.
That's the bit of research he always misses.
He always misses that bit of research is does the time he spends doing this
actually equate to a return on investment in terms of lifespan?
I don't know.
I mean, maybe, but then you could just get hit by a bus anyway.
Good point.
And on that bombshell.
Indeed.
No, on that bombshell.
Thank you very much, everyone, for tuning in.
Please, final shout out reminder.
We'll be kicking off the news about how to register
for the Radix Rewards points airdrop test next week.
Shortly, go and register your account.
Take part next week, even if it's just with a dollar.
But if you want to do it with a million, go for that too.
There will be...
Hold on, hold on, hold on, hold on.
That's bad advice though, right?
Because if you put a million in now, then you're only going to get season zero rewards.
So if you've got a million, you wait for season one. No, no, no. You don't need to do that rewards. So if you got a million, wait for season one.
No, no, no.
You don't need to do that, Dan.
You can put a million in now and get a big bonus for taking part in the testing
and earn great yields that are going on in the Radex ecosystem and still get the
exact same benefit that you would in season one.
It's not like you miss out.
You just get extra.
Oh, right. Great. You've've convinced me time to go mortgage the house
right on that thank you very much everyone and we will see you in two weeks time we will thanks
everyone Thank you.
