Radicle (RAD)
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Overview
Radicle is an open-source network where developers share code and work together without relying on one company to host their projects. It builds on Git, the tool many developers already use to track changes to files. Radicle adds ways to find projects, discuss problems, review proposed changes, and share those records between computers. Each participant keeps control of the repositories they choose to host. (radicle.dev)
RAD is the Ethereum-based governance token of Radworks, a community-governed network that has supported Radicle and other tools for open-source software. RAD holders can help decide how Radworks uses its treasury and funds projects. The code-sharing network runs between peers; the token gives people a way to take part in decisions about the wider funding ecosystem. This distinction helps explain why someone can use Radicle’s software tools without first buying RAD. (docs.radworks.org)
Price, Market Position, and Liquidity
As of 10/11/2026 04:00 UTC, Radicle (RAD) trades at $0.304 with a -7.55% move over the last 24 hours.
The market capitalization stands at $18M, placing it at rank #924 by market value.
Daily trading volume is $2.8M. Radicle (RAD) has moved +18.15% over the past seven days and +31.33% across the last 30 days.
History & Team
From Monadic to a community-supported project
Eleftherios Diakomichalis and Alexis Sellier founded the Berlin-based company Monadic in January 2018 to work on tools that would give developers more control over their work. An early version of Radicle appeared in 2019. The project then moved through several designs before the team began building Heartwood, the current generation of its protocol, in 2022. Radicle released version 1.0 in September 2024. (radicle.dev)
RAD was introduced in 2021 as the project began shifting funding and governance toward its community. The Radicle Foundation supported development during that transition. Today, Radicle describes its software project as maintainer-led and funded through grants from Radworks. A Swiss nonprofit, the Better Internet Foundation, also oversees Radicle protocol development and operates its optional hosted-node service. These roles show how software maintenance, community funding, and hosted services fit together while remaining distinct activities. (docs.radworks.org)
The project’s original token announcement named Placeholder, Galaxy, NFX, Electric Capital, ParaFi, and several other firms among its early supporters. That history helps explain how development was initially financed, while Radworks’ treasury and governance process explain how the wider community can direct funding. (radicleproject.medium.com)
Technology & How It Works
Git repositories shared between peers
A Radicle user runs a node: software that connects their computer to other nodes. When a developer publishes a repository, other people can choose to seed it, meaning they keep a copy and help share it. Nodes use a gossip protocol to pass along information about peers and available repositories. They use Git’s transfer tools to fetch the code itself. A project can remain reachable while at least one node seeding it is online. (radicle.dev)
Radicle follows a local-first design. Developers can read their local repositories and make changes while offline, then share updates after reconnecting. Each repository has a stable identifier. Digital signatures help other nodes check who published changes and which maintainers have authority over the project’s main branch. This lets people verify a repository even when they receive it from a node they do not know. (radicle.dev)
Collaboration stored with the project
Git tracks file changes, but a software team also needs bug reports and code reviews. Radicle stores these records as Collaborative Objects, or COBs, alongside the repository’s data. An issue can hold a bug report or feature discussion. A patch lets someone propose code changes and receive reviews. Because these records travel with the repository, contributors can keep and sync more of a project’s history through the peer-to-peer network. Developers can also define new kinds of collaborative objects for other workflows. (radicle.dev)
The Radicle toolchain includes a command-line interface and a node, with web and desktop interfaces for other ways to work. Its Git remote helper connects familiar push-and-fetch actions to Radicle repositories. (radicle.dev)
Tokenomics & Utility
RAD is an ERC-20 token on Ethereum. 100 million RAD were minted at its creation. The initial allocation set aside 50% for the community treasury, 20% for investors, 19% for the team, 5% for the foundation, 2% for a seeders program, and about 4% for community distribution. Those figures describe the original plan, rather than how many tokens each group holds today. The project set release schedules and lockups for several of those allocations. (radicleproject.medium.com)
How governance gives RAD a role
RAD’s established role is governance. Holders can delegate their voting power to themselves or another address, then vote on Radworks Governance Proposals. One delegated RAD represents one vote. Proposals can direct treasury funds to teams or grants, change governance rules, or adjust contracts controlled by the treasury. Some decisions use on-chain votes that can execute actions; others use off-chain votes to record community agreement. (docs.radworks.org)
Radworks has also described plans to use RAD to reward operators who help provide storage and retrieval for Radicle repositories. Its token documentation presents that incentive system as a planned use. The governance role and the original supply plan provide the clearest picture of the token’s economic model today. (docs.radworks.org)
Ecosystem & Use Cases
For a software maintainer, Radicle offers a place to publish code and coordinate contributions through issues, patches, and reviews. A group can choose which nodes keep its repository available. Developers already using Git can bring much of their existing file history and working style into that process. A peer-to-peer project can therefore be maintained by the people who work on it, with copies spread across more than one host. (radicle.dev)
Radicle Garden, announced in June 2026, adds optional always-on hosted nodes. A Garden node keeps copies of selected repositories available when a contributor’s personal computer is offline. People can also run their own seed nodes or seed projects they want to support. The hosted service is operated by the Better Internet Foundation. (radicle.dev)
Radworks also supports Drips, an Ethereum-based tool for funding open-source work. On Drips, supporters can direct funds to projects, and maintainers can pass a share onward to software they depend on. RAD governance helps direct Radworks resources across efforts like these; it is separate from the day-to-day act of writing code or creating a Drips funding list. (docs.drips.network)
A dated view of adoption gives some scale without treating it as a permanent total. As of April 2026, Radicle reported that its public seed nodes saw almost 8,000 repositories and more than 600 nodes online in a typical week. That measure covered activity visible to those public nodes, rather than every possible Radicle network. (radicle.dev)
Advantages & Challenges
Radicle’s main advantage is control over a project’s code and collaboration records. Contributors can keep local copies, choose what they seed, and verify signed updates. Its use of Git also gives experienced developers a familiar base. Several peers can hold the same repository, so a team can share hosting across its community instead of depending on a single server. (radicle.dev)
That model asks developers to learn a different way of working. They need to run a node and understand concepts such as seeding, repository identifiers, and maintainer signatures. Finding projects across a distributed network is also a continuing area of development: Radicle describes its basic search tools as a work in progress. Always-on nodes can improve a repository’s availability, but someone must choose to operate them or use a hosted service. (radicle.dev)
RAD governance has its own participation challenge. Voting power comes from delegated tokens, and a proposal needs enough support to pass the required threshold. The system gives token holders a direct say over treasury spending, while effective decisions still depend on people reading proposals, discussing them, and voting. (docs.radworks.org)
Where to Buy & Wallets
RAD is available on Coinbase, Kraken, and Binance, and it can be exchanged through Uniswap on Ethereum. Exchange access and payment methods vary by location. On a centralized exchange, an account holds the tokens until they are withdrawn. An Ethereum-compatible wallet lets a holder keep RAD at an address they control and connect that address to governance tools. (docs.radworks.org)
MetaMask can display RAD as an ERC-20 token. If it does not appear automatically, the token can be imported using the Ethereum contract address published in Radworks’ documentation: 0x31c8eacbffdd875c74b94b077895bd78cf1e64a3. Holders who want to vote must also delegate their RAD to a voting address, which may be their own. (docs.radworks.org)
Regulatory & Compliance
Rules for holding, exchanging, and using RAD depend on the jurisdiction and the activity involved. In the United States, digital assets are generally treated as property for federal income-tax purposes, so a sale or exchange can create a reportable gain or loss. U.S. securities law also assesses crypto assets and the circumstances of particular transactions under its applicable framework. In the European Union, the Markets in Crypto-Assets regulation, known as MiCA, sets rules for crypto-asset services, including authorization requirements for service providers. (irs.gov)
RAD’s published role centers on governance and support for software infrastructure. Its project documentation does not give it a halal or Shariah certification. Whether a person considers holding or using RAD Shariah compliant therefore depends on the religious standard applied to the token and the way it is used, rather than on a stated certification from Radworks. (docs.radworks.org)
Future Outlook
Radicle’s development is focused on making peer-to-peer code collaboration easier to use and keeping repositories available. Its open design allows contributors to build new interfaces and collaboration tools around the protocol. Radicle Garden shows one approach to persistent hosting alongside community-run seed nodes. (radicle.dev)
For RAD, a key question is how governance will connect funding to useful infrastructure over time. Radworks has discussed token-based incentives for seed operators, while its existing process lets holders decide which teams and proposals receive treasury support. Progress in these areas will be visible through working services, software improvements, and completed governance decisions. (docs.radworks.org)
Summary
Radicle brings Git-based code collaboration into a peer-to-peer network where developers can keep and share their own repositories and project discussions. RAD gives the Radworks community a way to govern funds that support this broader open-source ecosystem. Together, they link a practical developer tool with a community-led model for sustaining software infrastructure. (radicle.dev)
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.

