What are the highlights of Reddio, the EVM L2 favored by Paradigm?
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What are the highlights of Reddio, the EVM L2 favored by Paradigm?
Reddio has launched its Staking and quest system.
Navigating Web3 tides with focused insightsAuthor: NingNing
If parallel EVM Monad is Ethereum's ecosystem Plan B hedging against the risks of Ethereum's modular direction, then Reddio is Paradigm’s Plan B hedging against the risks of Monad’s parallel EVM approach.
Previously, Paradigm orchestrated the L2 boom through Blast and established Farcaster as the leader in social networks. So what potential does Reddio hold this time? This article will analyze the project from three perspectives: the project itself, the team, and its airdrop strategy.
Reddio is a parallel EVM Layer 2 blockchain.
Compared with other parallel EVM solutions—such as Monad’s modified HotStuff consensus engine combined with a decoupled transaction production process, Movement’s optimized mempool for asynchronous TX processing, or Lumio’s integration of OP—
Unlike other public chains that may take three to four years before launching a token, Reddio has laid out a clear roadmap from day one, announcing key milestones ahead. According to data displayed on its official website, Reddio has already processed nearly 20 million requests and over 120,000 transactions.
According to LinkedIn, Reddio’s founder graduated from Stanford Graduate School of Business and National University of Singapore, and also served as a mentor at Nanyang Technological University. Four years ago, he discussed ZK technology with Vitalik Buterin and previously held executive positions at global enterprises such as Twilio and PingCAP.
The technical team he previously led developed a distributed database now used by OKX and BYBIT, characterized specifically by its parallel processing capabilities.
While Monad focuses on building a parallel Layer 1 by modifying the HotStuff consensus algorithm, Reddio opens participation to all miners and concentrates on enabling multiple Layer 2 and Layer 3 solutions.
It can be said that Paradigm has heavily invested in both projects simultaneously, ensuring leadership across the parallel EVM赛道 in both Layer 1 and Layer 2+Layer 3 ecosystems.
Currently, Reddio has launched its staking and task system, which are divided into two types of points. These points can be earned either by staking ETH or USDT, or by completing designated tasks. Both methods are equally recognized, helping mitigate the impact of script farms on fair staker rewards.
In Reddio’s funding announcement, it was mentioned that a new Series A round will be disclosed soon, indicating several undisclosed international institutions have already invested in Reddio. Therefore, now is an ideal time to get involved.
After all, once major players like a16z and Binance enter, competition will become extremely intense.
In summary, as Monad and Bera both bet big on parallel EVMs, Reddio’s emergence brings fresh momentum to the space, signaling that this could very well be the next major opportunity.
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