I have communicated with many teachers, and everyone tends to agree on the peak judgment of this bull market: it is likely to occur in Q4 of 2025 to Q1 of 2026.
If we take this cycle expectation as a benchmark, it is currently not the best phase for institutions to get involved. Projects that can complete large financing amounts at this time often possess certain penetration and technical landing support.
Against this backdrop, @reddio_com announced the completion of 80 million USD in Series A financing at the end of May, which is rare since Paradigm previously led this project. This also motivated me to conduct in-depth research on it.
➤ Reddio's positioning and progress
❚ The first parallel EVM network to be tested
Reddio is a high-performance parallel EVM network, and its public testnet launched in December 2024, achieving 13,000 TPS and operating stably for five consecutive months.
Unlike many projects on the market that only have theoretical TPS or internal testing data, Reddio's performance has been verified in a public environment.
❚ It is one of the earliest projects to issue tokens but has the lowest valuation
Among parallel EVM projects, Reddio not only launched its testnet earliest and issued its token earliest but also was the first project to enter the Binance Alpha new listing pool.
However, its current token price is only $0.009, slightly higher than the $0.008 for institutional lock-up for six months, with a circulating market cap of only $17.6M and FDV of $92.7M, far below mainstream parallel architecture public chains like Sui and Sei.
➤ Financing structure and capital support
Paradigm previously led its seed round and has now reappeared in the Series A financing. This round totals 80 million USD, with participation from multiple Tier 1 funds in North America, including @wagmi_vc, @OakGroveVC, @skylandvc, @paramita_vc, @gate_ventures, etc.
➤ Listing arrangements and circulation structure
❚ Exchange strategy is robust
According to a certain informed researcher in the community, Reddio rejected high-portion requests from some exchanges in exchange for listing and is currently promoting spot trading on platforms like @Official_Upbit, @BithumbOfficial, and @krakenfx, while @binance futures are also in the scheduling for docking.
❚ Pancake liquidity is secure, and transaction costs are extremely low
Reddio has locked 1.3 million USD equivalent of BNB and RDO on @PancakeSwap, with a pool fee of only 0.01%, which is very friendly to actual traders. In the early stages of the project, 10% was released: 2% for Binance wallet new listings, 4% for future activities, and 4% for native airdrops, resulting in a relatively light overall circulation structure.
❚ Supports staking, builds initial use cases
The RDO token supports staking on both native and qubit platforms, allowing for protocol rewards. This provides a supplement to the initial use cases and incentive paths for the token.
➤ Team background and long-term perspective
Founder @NeilHANYD has dual educational backgrounds from the National University of Singapore and Stanford University, previously taught blockchain technology courses at Nanyang Technological University, and is one of the main speakers for the team's external expression and core architecture.
Compared to many anonymous or marketing-oriented teams, Reddio's identity structure is relatively transparent, and its execution power is clear.
➤ Summary judgment
Reddio's mainnet is live, performance data is credible, financing scale is solid, listing rhythm is controllable, and valuation is significantly lower than peers. If it further advances in ecological expansion in the future, this project may be one of the targets with the greatest potential for valuation recovery in the parallel EVM direction.
