Founded &
BackgroundAccording to CoinGecko, Reddex was founded in 2022, with an unspecified date. The country or location of the team is not explicitly disclosed on the official website or in public information. This lack of information is common in decentralized projects, but it can pose a potential concern for users concerned about legal compliance, especially in the context of increasingly stringent regulation.
Regulatory Information
As a DEX, Reddex's regulatory status is not publicly available, lacking detailed information on whether it holds a financial regulatory license or is compliant. Research suggests that it can be in a regulatory grey area, which is typical of many DEXs. Users should be aware that the regulatory landscape for cryptocurrencies and DEXs is evolving globally, and Reddex's regulatory status may change over time.
Products &
ServicesReddex offers a wide range of DeFi services, including:
Trading: Through a centralized liquidity mechanism, it provides low slippage and fast transactions, aiming to improve the user experience.
Staking and Earnings: Users can stake assets to earn rewards and support passive income generation, which is suitable for long-term holders.
Liquidity Provision: Users can become liquidity providers, contribute to the platform's liquidity pool, and earn income through trading fees.
Cross-chain and multi-chain transactions: The platform supports cross-chain and multi-chain transactions, allowing users to exchange and bridge tokens between different blockchains, but the specific supported chains are not detailed except for Redbelly Network.
In addition, Reddex's official website mentions its support for RWA projects, emphasizing its role in the field of tokenization of real-world assets.
Market
PositioningReddex bills itself as "the largest decentralized exchange on the Redbelly Network" and is positioned as "the liquidity hub of the world's leading real-world asset network." This positioning indicates its focus on the RWA space, an emerging and promising blockchain segment. By emphasizing its role as a liquidity provider in RWA projects, Reddex aims to attract users and institutions interested in combining traditional finance with blockchain.
Thesupported chain
Reddex is primarily deployed on the Redbelly Network, and according to information from DefiLlama, its ecosystem is built around the chain (DefiLlama Reddex page). The platform mentions that it supports cross-chain and multi-chain transactions, but does not list other specific chains other than Redbelly Network in the public information, and users are advised to pay attention to subsequent announcements for more details.
Token
InformationReddex owns the native token LQDX (formerly Liquid Crypto), which plays a central role in the ecosystem and may be used for governance, staking, and transaction fee discounts, among other things. According to CoinGecko, LQDX is tradable on decentralized exchanges such as PancakeSwap V3 (BSC) and has a current market cap of around $82,424 (as of May 16, 2025)
with a neutral evaluation
Reddex presents itself as an RWA-focused DeFi platform, and its integration with Redbelly Network provides it with a unique value proposition, especially in the realm of real-world asset tokenization. However, it is important to note that
the lack of transparency about the location and regulatory status of the team can pose concerns for risk-sensitive users, especially in the context of increasingly strict regulation.
As a project established in 2022, it remains to be seen how Reddex's long-term performance and market resilience will be.
Reddex may be an attractive option for users in the RWA space, but it is advisable to conduct adequate due diligence, paying particular attention to its disclosures and potential regulatory risks.
Overall, Reddex has potential in the RWA-focused DeFi ecosystem, but its development will still take time to prove.
