$RAD
is the governance and utility token of the Radworks/Radicle ecosystem, a decentralized network built to support open-source code collaboration and developer tools without relying on centralized intermediaries. It’s an Ethereum-based ERC-20 token used to help govern and coordinate development activity, funding, and infrastructure decisions across the protocol.
The broader Radworks initiative combines tools for peer-to-peer collaboration (Radicle network) and decentralized funding mechanisms (Drips org) under one umbrella, seeking to make open-source software development more autonomous and resilient.
📊 Price & Market Overview
Here’s a snapshot of RAD market data (January 2026):
Current Price: $0.27–$0.30 USD (₹26–₹28).
All-Time High: ~$27.61 (Apr 2021) — price is ~-99% below that peak.
Circulating Supply: ~49.8 million RAD.
Max Supply: ~100 million RAD.
Market Cap: Around $13–$15M USD.
After the early hype cycle, the price has corrected significantly, which is common for governance tokens that saw strong speculative demand in prior bull markets.
🛠️ What RAD Is Used For
RAD plays several key roles within its ecosystem:
🗳️ Governance
Holders participate in on-chain governance — voting on proposals, treasury spending, development priorities, and protocol upgrades that shape the future direction of Radworks/Radicle.
🧠 Summary
RAD (Radworks/Radicle) is an ERC-20 governance token that underpins a peer-to-peer open-source collaboration ecosystem built to give developers independence from centralized code platforms. It’s used for governance, coordination, and incentivizing contributions across decentralized development infrastructure. While the price is far below historical highs and tied to a niche sector, RAD’s community-centric governance and infrastructure mission position it as an interesting token for those focused on decentralized software building.
