Radius: The Blockspace Marketplace

Company Overview

• Founded in 2022; headquartered in Singapore (core team in Korea)
• Mission: Unified Rollup-Centric Ethereum

Market Opportunity: BlockSpace Revenue

• Current State:
  • Ethereum generates $411M in additional annual revenue from selling blockspace with $59B TVL (Appendix).
  • Rollups ($50B TVL) currently lack additional revenue from blockspace due to centralized sequencing and fragmented liquidity.
• Projected Growth (Appendix):
  • Bundling Ethereum and rollup blocks will increase blockspace revenue to ($x)
  • By 2028, blockspace revenue is projected to reach ($y)
• Key Market Trends
  • Shift towards decentralized, shared, and based sequencing is changing block sequencing in rollups.
  • Intent, composability, and unification reflect a strong commitment to integrating the Ethereum ecosystem without further fragmentation.
  • The practice of selling blockspace will rise with the adoption of PBS and based preconfirmation.
• Competitive Landscape: Early-stage rollup blockspace marketplace with no market share
  • Espresso
    • Finality Gadget: an additional insurance products for traded blockspace. The insurance products are designed to offer protection in the event of an Ethereum reorg, but such risks rarely occur.
  • Radius
    • Sustainable Revenue: protection for buyers from asset extraction attack such as front-running and sandwiching, making the blockspace more secure and attractive to buyers.
    • Coordination Layer: a management system to ensure transaction stability for traded goods in the market. This system supports seamless transaction processing and efficiently manages and records blockspace transaction-related data.

Product

Radius is building a marketplace for trading and optimizing Ethereum and Rollup blockspace

• Blockspace Marketplace: Facilitates buying/selling of Ethereum and rollup blockspace, offering various trading products
• Sequencing Module: Supports decentralized and shared sequencing, maximizing the value of purchased blockspace
  • Decentralized Sequencing: Enables sustainable blockspace revenue generation by mitigating financial risks to buyers
  • Shared Sequencing: Maximizes the revenue for buyers by combining Ethereum and rollups blocks
• Coordination Layer: Manages agreements between blockspace buyers and sellers
  • Blockspace Transaction management
  • Risk management
  • Payment processing
  • Record keeping
• Development Roadmap
  1. Sequencing Module
  2. Coordination Layer (Mainnet alpha will be launched in Q1 2025)
  3. Marketplace