Raiden Network Token

About Raiden Network Token

Raiden Network Token (RDN) is the native utility token powering the Raiden Network, an off-chain scaling solution built for the Ethereum blockchain. Inspired by Bitcoin's Lightning Network, Raiden enables fast, low-fee, and scalable token transfers by routing payments through a network of payment channels without congesting the main Ethereum chain. RDN is used to pay for network services and incentivize participants who facilitate these off-chain transactions. The project targets developers and applications requiring high-throughput micropayments, positioning itself as essential infrastructure for decentralized applications that need real-time settlement capabilities beyond Ethereum's base layer limitations.