$RAD #RAD As of February 5, 2026, Radworks (RAD)—formerly known as Radicle—is a high-conviction, niche infrastructure play that is currently weathering a period of extreme price suppression and shifting liquidity.
Market Performance (February 2026)
Price: RAD is currently trading in a range of $0.25 – $0.27. It recently touched an all-time low of approximately $0.24 on February 4, 2026, before seeing a minor technical rebound.
Market Cap: Its market capitalization has dropped to roughly $12M – $15M, placing it in the "micro-cap" category.
Supply Dynamics: The circulating supply is approximately 49.8M, which is about 50% of its 100M max supply. While the lack of new minting is a long-term plus, the DAO treasury still holds a significant portion of the remaining supply, which acts as a potential sell-pressure overhang.
2026 Core Catalyst: The "Sovereign Forge"
The project has shifted its focus away from being a "DeFi token" toward becoming a critical utility for the open-source movement.
Release 1.6.0: The recent launch of Radicle 1.6.0 (January 2026) has solidified its peer-to-peer code collaboration stack. It allows developers to collaborate on code without relying on centralized entities like GitHub.
FOSDEM 2026 Showcasing: The team recently presented at FOSDEM (the world’s largest open-source event) in Brussels, highlighting their gossip protocol and cryptographic verification for code repositories. This has reignited interest among developers, even if the price hasn't yet caught up.
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