Is it ERC20?
Raiden Network Token
RDN
Overview
The Raiden Network Token (RDN) fuels the Raiden Network, a layer-2 scaling solution for Ethereum. By enabling fast, low-fee off-chain token transfers, RDN helps reduce the load on Ethereum’s mainnet while providing near-instant transactions, thereby enhancing the overall user experience in the decentralized ecosystem.
Key Features
Stability
Pegged 1:1 to the US Dollar
Wide Adoption
Available on multiple blockchains
Market Information
Technical Details
Integration Projects
Raiden Network
Visit →A layer-2 scaling solution designed to facilitate efficient ERC20 token transfers off-chain.
Mediated Transfers
Visit →Enables secure off-chain transfers through a network of payment channels, ensuring quick and cost-effective transactions.
State Channel Technology
Visit →Utilizes state channel technology to minimize on-chain congestion and lower transaction fees.
dApp Integrations
Visit →Supports integration with various decentralized applications, enhancing transaction efficiency and user scalability.