Now that Token2049 has wrapped up and the team has had a week to recover from the jetlag, let’s dive into some of the insights and experiences gathered during their time in Singapore.
This year’s Token2049 was massive, with over 15,000 attendees and 3,000+ side events. The show was split over two floors at the iconic Marina Bay Sands expo center, up from a single floor last year. In addition to many exhibitors, Token2049 had a packed agenda of speakers, including Richard Teng, CEO of Binance, Edward Snowden, Vitalik, and even F1 drivers Max Verstappen and Lando Norris!
Unfortunately, the RDX team were too busy with meetings and manning the large booth to attend the F1, but the additional event certainly pulled in large parts of the global Web3 industry.
In total, there were 7000 exhibitors in the main event. That meant it was important for Radix to stand out, and that’s exactly what it did. The Radix booth was the largest the project has run (about twice the floor space as the Consensus booth), and there was no shortage of vibrant gradients across large video walls. As always, this glowing beacon could be seen across the show, but this year, it had something extra special: Jetty, the RadQuest mascot.
Jetty was an instant hit. Attendees couldn’t resist snapping selfies with him, which led to a wave of Twitter posts that helped amplify the Radix presence even further. Along with the photo ops, the team handed out countless RadQuest “Golden Tickets” and Jetty soft toys, which sparked curiosity and got people trying out RadQuest.
Piers Ridyard’s Keynote: A Glimpse into DeFi’s Future
In addition to the booth’s success, RDX Works CEO Piers Ridyard had a 15-minute keynote on the DWF Labs stage titled “Why DeFi Lend/Borrow Will Be Huge in 2025.” Piers highlighted the key drivers of DeFi lending in 2025, including institutional adoption, real-world assets, yield loops, and decentralized stablecoins.
The topic of increasing institutional involvement in DeFi was a hit, and buzz is starting to form about this wave of new capital entering the industry – perfectly matching Radix’s recently announced focus on institutional capital.
If you missed Piers’ talk, don’t worry—you can catch the full recording, right here:
Key Takeaways and Team Impressions
Beyond the booth and keynote, the RDX Works team had a fully booked calendar of events and meetings with potential partners for Anthic and Flash Liquidity. Throughout the event, there were some common themes in discussions including:
Building on Alternative L1s: There was strong interest from builders, many of whom were exploring different L1 platforms. Radix, in particular, drew attention, especially from developers encountering it for the first time.
As more people enter Web3, it’s becoming clear to them that many popular chains struggle with user and developer friendliness, as well as concerns around safety and reliability. For several attendees who came to the Radix booth, Radix’s improved experience in these areas stood out, offering a compelling alternative to building on other chains like Ethereum, Solana, and Cardano.
As awareness of the Radix Full Stack spreads, more people will come to realize that they don’t need to put up with exploits, sandwich attacks, wallet drains, and many other common DeFi issues because they’re all solved by building on and using Radix. This was something those who attended the Radix booth and had conversations with the team started to understand.
Web3 Events are Expanding: Token2049 has grown in every metric—attendance, side events, and budget. The event feels bigger and more influential than ever before. Which was certainly reflected in the attendance at the Radix booth. Events like Token2049 have been a great way for the team to speak to developers, meet potential partners and make progress onboarding any institutional users.
If events like Token2049 are growing, this means that more people are entering the space, looking for the next L1 network to build on and explore their ecosystems. This offers a great way to speed up their journey to the Radix Revelation.
Bullish. But What On?: The energy at the event was positive. Almost all attendees exuded a bullish outlook on the future of Web3 as an industry. But what stood out was the lack of a clear direction on what narratives the industry is focussing on next. This is a great opportunity for the Radix community to promote that focus should return to building a DeFi “universal asset layer” that anyone in the world can confidently build on and use.
Institutional Interest: As Radix moves towards attracting institutional capital, Token2049 provided a valuable opportunity to engage with key decision-makers and promote solutions like Flash Liquidity and Anthic. In recent years, Web3 has become more appealing to institutions due to the development of crucial infrastructure, regulatory frameworks, and the rise of products like ETFs. However, DeFi remains largely untapped by institutions, primarily due to the lack of deep liquidity and a broad range of assets—something centralized platforms excel at providing.
To address this, Radix is developing Flash Liquidity, which will position the network as a leading platform for institutional trading, solving challenges like liquidity fragmentation and asset availability on Radix DEXs.
Conversations at the Radix Booth
The Radix booth was a hub of activity, filled with numerous conversations and promising leads, all of which the team is actively following up on. Attendees ranged from developers searching for the right L1 platform to deploy their projects, to teams exploring Radix as the foundation for innovative solutions, such as real-world asset tokenization and point-of-sale payment systems.
There was significant interest in Scrypto, with developers eager to learn more and get hands-on with Radix’s tools. From gaming projects to financial applications, these conversations represent just a small glimpse of the exciting opportunities that emerged during Token2049, setting the stage for future collaborations and developments.
Looking Forward
Token2049 in Singapore was a great opportunity for Radix, not just at the booth, but through meaningful conversations with developers, industry leaders, and attendees at the many side events. The positive energy and engagement in these more intimate settings are something the team plans to prioritize going forward, as they foster deeper connections and real opportunities for collaboration. With a growing focus on onboarding institutional users, the key to Radix’s continued success now lies in working targeted narratives and building strategic partner connections.
