reddio

ChainCatcher message, according to the Web3 asset data platform RootData X tracking data, in the past 7 days, the API-first product company Bitquery has been the project with the most unfollows from X (Twitter) top figures, with the new unfollowing of this project by X influential figures including the leader (@alacheng).In addition, the project with the most unfollows from X top figures also includes Reddio.

ChainCatcher news, blockchain investment firm Oak Grove Ventures announced a strategic investment in the Ethereum-compatible Layer 2 blockchain Reddio. Reddio is based on zero-knowledge proofs and is dedicated to solving Ethereum's scalability issues, with its parallel EVM architecture combined with GPU acceleration significantly enhancing transaction processing capabilities. This investment will help Reddio expand its ecosystem and accelerate the implementation of Web3 applications.

ChainCatcher news, according to official information, Binance Wallet will launch the exclusive TGE event for Reddio (RDO) tomorrow.Subscription time: May 29, 2025, from 8:00 AM to 10:00 AM (UTC);Subscription eligibility: Eligible users need to participate using Binance Alpha points;In addition, an extra 400,000,000 RDO is allocated for the upcoming event.

ChainCatcher news, according to the official announcement from the Ethereum Layer2 network Red­dio, the token economic model for RDO has a total supply of 10 billion tokens, which are allocated as follows:Community (8.00%): Aimed at accelerating user adoption and rewarding early supporters through marketing activities, airdrops, community incentives, and educational initiatives.Security and Network Incentives (25.00%): The largest portion allocated for mining rewards, which contribute computational resources to the proof-of-authority consensus layer. This allocation has a 10-year no-cliff period, enhancing long-term network security and validator loyalty.Ecosystem Growth (22.76%): Supports project development, grants, partnerships, and the launch of dApps. Nearly half (70.1%) of this funding will be unlocked at TGE, facilitating immediate growth activities, while the remainder will vest after 48 months.Treasury (6.96%): Held for operational flexibility, liquidity provisioning, and emergency actions under DAO governance. At TGE, 15% is liquid, with the remaining portion unlocking linearly over four years.Contributors (21.80%): Allocated to core team members and early builders. A 12-month cliff ensures commitment, followed by a 24-month linear vesting. This aligns with long-term incentives and ensures continuity of contributions.Strategic Investors (15.48%): Aimed at early supporters providing funding and market support. Tokens will undergo a 6-month cliff period, followed by an 18-month linear vesting period. This timeline promotes strategic alignment while preventing speculative pressure.

ChainCatcher news, parallel EVM Layer 2 Reddio announced that it completed its first snapshot at 8:00 AM Beijing time on March 3. Over the past three months, Reddio has been running a parallel EVM testnet. Reddio will gradually release information regarding the white paper, token economics, mainnet, and snapshot queries thereafter.

ChainCatcher news, Reddio announced the official launch of its public testnet, no whitelist required, anyone can experience this Parallel EVM public chain, currently achieving a performance of 13,000 TPS, with a goal of reaching a higher throughput of 100,000 TPS.According to RootData, Reddio is a parallel Ethereum Layer 2 solution characterized by the use of parallel execution and GPU acceleration technology to enhance blockchain network throughput and computational efficiency. Additionally, it employs zero-knowledge proof technology to ensure security comparable to Ethereum.

ChainCatcher news, August 13, the high-performance parallel Ethereum Layer2 network Reddio announced the completion of its seed round financing, led by Paradigm and Arena Holdings.The project was founded by Neil, a graduate of Stanford Business School and the National University of Singapore, who was the 003 employee at the American cloud service provider Twilio, General Manager for the Eurasia region at PingCAP, and a lecturer at Nanyang Technological University. He is an early evangelist of zk scaling technology and has provided open-source scaling solutions for projects like Starknet.The high-performance distributed database developed by the team is currently in long-term use by Bybit, OKX, and Square. Since Reddio's main focus is on parallelism and hardware acceleration, GPU miners can participate in the operation of Reddio's nodes in the future.Currently, the project has launched a staking and task system, and it has also disclosed that it will announce the results of a new Series A financing round soon, with several well-known institutions participating.

ChainCatcher news, IOBC Capital in collaboration with ChainCatcher will hold an offline event "Crypto Grand Voyage Era" Meet Up on October 20 at 2 PM in Singapore.The guests for this event include IOBC Capital partner Alva Xu, Reddio founder Neil, Matrix Partners investor Zi Xi, Solv Protocol ecosystem head Robbie, Cobo Ventures head Alex, and Safeheron founder Wade Wang. They will engage in an in-depth discussion on the topic "What is the narrative that will lead the next cycle of the Crypto industry?" Click link to register for the event.

Chain Catcher news, blockchain infrastructure company Reddio announced the launch of the zkRollup API mainnet powered by StarkWare's scaling engine StarkEx. Reddio stated that developers can use Reddio to build in-app and in-game NFT marketplaces on zkRollup, scale applications and game asset trading, mint NFTs with 0 Gas fees using the Javascript SDK and Unity SDK, featuring low Gas fees and instant confirmations. (Source link)