If the parallel EVM Monad is Ethereum’s ecosystem’s Plan B to hedge against the risks of Ethereum’s modular direction, then Reddio is Paradigm’s Plan B to hedge against the risks of the Monad parallel EVM solution.
Years ago, Blast ignited the L2 hype, and Farcaster established itself as the leader in social applications—all driven by Paradigm behind the scenes. So, what potential does Reddio hold this time? This article will review the project, team, and potential airdrops.
Reddio is a parallel EVM Layer 2 solution
Compared to other parallel EVM solutions, such as Monad’s modified Hotstuff consensus engine + decoupled consensus and execution Tx production process, Movement’s optimized memory pool TX asynchronous processing algorithm, and Lumio’s integration of Optimistic Rollups (OP), Reddio stands out.
Unlike other blockchains that have been around for three to four years without issuing a token, Reddio has presented a clear roadmap from the start, outlining significant future milestones. According to data displayed on their official website, Reddio has already processed nearly 20 million requests and 120,000 transactions.
According to LinkedIn, Reddio’s founder graduated from Stanford Business School and the National University of Singapore, and is also a mentor at Nanyang Technological University. Four years ago, he discussed ZK technology with Vitalik and has held executive positions at international giants like Twilio and PingCAP.
The technical team he previously led developed a distributed database currently used by OKX and BYBIT, known for its parallel processing capabilities.
While Monad focuses on improving the Hotstuff consensus algorithm for parallel Layer 1 processing, Reddio opens participation to all miners, focusing more on Layer 2 and Layer 3 processing.
It can be said that Paradigm has heavily invested in both projects, ensuring its leadership position in the parallel EVM track at both the Layer 1 and Layer 2+3 levels.
Current state of Reddio
Currently, Reddio has launched its staking and task system, divided into two types of points that can be earned by staking ETH and USDT and completing tasks. Both types of points are recognized, helping to alleviate the issue of script-based operations affecting stakers’ rights.
In Reddio’s funding announcement, they also mentioned that a new Series A round of funding will be announced soon. This suggests that several international institutions, which we are not yet aware of, have already invested in Reddio, making this an opportune time to get involved.
After all, once big players like a16z and Binance enter the scene, it will become much more competitive.
In summary, while Monad and Bera are betting on parallel EVMs, Reddio’s emergence is stirring excitement in this track, solidifying its potential to be the next major project.
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