• Binance Crypto Exchange’s venture capital arm, Binance Labs, has invested $10 million in Radiant Capital.
• The strategic funding round will help Radiant build new technologies and product development to expand on oracle support, collateral expansion, deploying Ethereum mainnet, cross-chain liquidations and more.
• Following the announcement of the collaboration with Binance Labs, the native token of Radiant rose 10% to near $0.32.
Binance Labs Investment
Binance Crypto Exchange’s venture capital arm – Binance Labs – has invested $10 million in Radiant Capital, a marketplace for providing liquidity and borrowing cross-chain assets. The strategic funding round will help Radiant build new technologies and product development to expand on oracle support, collateral expansion, deploying Ethereum mainnet, cross-chain liquidations and more.
Radiant Expansion
Radiant aims to expand to several EVM chains and support full LayerZero messaging. This investment from Binance Labs will propel Radiant to new heights as they expand to new chains and scale while driving utility back into the ecosystem. Additionally, this will make it simpler for consumers to lend and borrow money across various blockchains to tackle the liquidity problem in the DeFi space.
RDNT Token Reacts Positively
Following the announcement of the collaboration with Binance Labs, the native token of Radiant rose 10% to near $0.32. RDNT functions as a utility token of the Radiant ecosystem with its market cap sitting at $89 million at press time. The token reached its all-time high price