Radiant's Highlights from 2023: V2 Upgrade, Expansion, Growth, and Active Users

By Radiant Capital
Jan 22, 2024, 5:51 PM
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Radiant Capital had a successful year in 2023, with notable achievements and milestones.​ The V2 upgrade brought enhanced tokenomics, utility, and cross-chain capabilities to the platform.​ Radiant expanded to BNB and ETH Mainnet, getting closer to their omnichain vision.​ Deposits surged from $125M to $672.​8M, and borrows grew from $90.​3M to $329.​7M.​ Dynamic liquidity providers added robustness and unlocked access to a portion of protocol fees, reaching a total of $105.​8M.​ Radiant generated around $22M in fees from V2 alone.​ The active user base increased significantly from 37,409 to 389,250.​ The community can look forward to RFP-28, introducing components of Radiant V3.​

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