🎈 Parallel EVM L2 project @reddio_com $RDO officially announced the completion of Series A financing, with a valuation of $80 million. Now the FDV is only $86 million, almost at the same level as the institutional cost, basically a floor price. In addition, as the only parallel EVM track project on Binance Alpha, $RDO has locked 1.3 million liquidity on Pancake, with a handling fee of only 0.01%, which is very suitable for farming points.

Reddio went live with a public testnet at the end of last year and ran real data of stable 13,000 TPS for 5 months. It's not PPT bragging, nor "theoretical TPS", it's real-world performance in a public environment. These days, there aren't many that dare to open a public test and still run stably. Many L2s theoretically boast to the sky, but after the mainnet goes live, the speed drops directly to a few thousand, and users can only be the victims.

What's so great about Reddio's "Parallel EVM" architecture? To translate, by switching to GPU parallel processing of contract logic, it turns smart contracts into "CUDA code" and throws them to the graphics card to run, which has the flavor of a graphics card arsenal. With the self-developed sequencer and composable framework, it can even be used as a "performance plug-in" for other Rollups in the future.

The earliest investor was Paradigm, and many well-known institutions have also come in this latest round, all with a 12-month lock-up + 4-year vesting. What's even more interesting is that Reddio didn't engage in private placements, public sales, or NFTs, and doesn't like to accept exchanges that "grab quotas for more shares", and is estimated to be heading for Binance and Upbit.

To summarize, low valuation, real data, high performance. If parallel EVM is really the correct answer to Ethereum's scaling in the second half, then Reddio may be the fastest, most stable, and cheapest one in this game.