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Rank #1323
Raiden Network Price (RDN)
Raiden Network (RDN)
$0.072946847315 4.4%
0.00000303 BTC 0.4%
0.00004047 ETH -1.0%
5,414 people like this
$0.068278722706
24H Range
$0.077444170395
Market Cap $3,729,781
24 Hour Trading Vol $43,549.10
Circulating Supply 51,137,365
Total Supply 99,999,999
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Raiden Network Price Chart (RDN/USD)

Last updated 01:05PM UTC. Currency in USD.

Live Chart
1h
24h
7d
14d
30d
1y
-0.6%
4.4%
11.4%
-6.2%
14.0%
-81.5%

Convert RDN to USD

RDN
USD
USD

1 RDN = $0.072946847315

RDN Price Statistics

Raiden Network Price Today
Raiden Network Price $0.072933962875
24h Low / 24h High $0.068278722706 / $0.077444170395
7d Low / 7d High $0.064097468124 / $0.076404164936
Trading Volume $43,583.49
Market Cap Rank #1323
Market Cap $3,732,788
Market Cap Dominance 0%
Volume / Market Cap 0.0117
All-Time High $8.65 -99.2%
Jan 09, 2018 (over 4 years)
All-Time Low $0.027321178579 167.0%
Jun 13, 2022 (about 2 months)

RDN Price Today

Raiden Network price today is $0.072946847315 with a 24-hour trading volume of $43,549.10. RDN price is up 4.4% in the last 24 hours. It has a circulating supply of 51 Million RDN coins and a total supply of 100 Million. If you are looking to buy or sell Raiden Network, Gate.io is currently the most active exchange.

What was the highest price for Raiden Network?

Raiden Network hit an all time high of $8.65 on Jan 09, 2018 (over 4 years).

What was the lowest price for Raiden Network?

Raiden Network had an all time low of $0.027321178579 on Jun 13, 2022 (about 2 months).

What was the 24 hour trading volume of Raiden Network?

The 24 hour trading volume of Raiden Network is $43,549.10.

Where can Raiden Network be traded?

You can trade Raiden Network on Gate.io, Uniswap (v2), and Gate.io. Popular trading pairs for Raiden Network in the market includes RDN/USD, RDN/CAD, RDN/EUR, RDN/PHP, RDN/INR, and RDN/IDR.

The Raiden Network is an off-chain scaling solution, enabling near-instant, low-fee and scalable payments. It’s complementary to the Ethereum blockchain and works with any ERC20 compatible token. The Raiden project is work in progress. Its goal is to research state channel technology, define protocols and develop reference implementations. The introduction of payment channels, specifically the type first described by the Lightning Whitepaper (which introduced the Lightning Network), seeks to fix the scalability and congestion issues that currently plague blockchain technology. While the Lightning Network operates on the Bitcoin blockchain, Raiden introduces a comparable solution for the Ethereum network.

There are several key features of the Raiden Network Token. Expedited transfer confirmations (<1 second ). Current transfers on the Ethereum blockchain can take a few seconds to minutes. Private transfers that are not viewable on the global ledger. Solve scalability issues so that Ethereum can create mass adoption, allowing Ethereum to become the peer-to-peer, global payments infrastructure with electronic cash that it was initially designed for. Low fee transactions. Micropayment capability that works in union with any ERC-20 token.

The Raiden Network project is being developed by Germany’s Brainbot Technologies AG, a software company devoted to blockchain protocol development. Founded in the year 2000 by Heiko Hees, it currently has between 11 to 50 employees in offices among Berlin, Mainz, and Copenhagen. Also the founder of PediaPress, Hees has been a core developer of Ethereum since March 2014. Being a core developer for Ethereum, it is evident on how the founder sees the flaws in the current its present protocol with ways to improve it. Interestingly enough, the website does not include RDN as one of their main blockchain developments, which could be attributed to the difficulty of highlighting a wide variety of projects they are currently undertaking on one page. However, there are no updates on the status of the Raiden Network Project on either Twitter nor Medium since December 1st, 2017.

Raiden can be used for a wide variety of applications and purposes such as Micropayments For Content Distribution, Decentralized M2M Markets, API Access and Fast Decentralized Exchanges."

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