Radix (XRD) is a blockchain technology company that provides business information services to the multifamily housing industry.
Radix offers a blockchain cloud-based market research platform. The platform’s purpose is to offer centralized data collection and analysis tools for the multifamily industry. To elaborate, multifamily refers to apartment houses and other multifamily housing solutions.
Radix is building a shared-data ecosystem by offering proprietary solutions that pull data from assets. Moreover, they claim Radix’s platform can integrate with property management software. For example, Radix’s platform could collect rent data from dozens of apartment houses or mobile home parks.
How Radix Decentralizes Multifamily Data
One goal at Radix (XRD) is to eliminate expensive centralized management infrastructure, such as data centers and accounting. Instead, a company’s management can decentralize data collection across many offices.
Radix provides a dashboard and reporting tools that let managers at corporate and onsite managers share and manage data. They claim the dashboard lets users analyze market trends, identify emerging threats and opportunities, and benchmark performance against similar properties. Moreover, they claim the dashboard can increase data consistency and usability while reducing the need for maintenance.
For example, Radix can benchmark and measure property performance on a market, submarket, state, and national level. It can also create interactive maps, customizable charts, exportable tables, and other data analysis graphics. They claim Radix provides access to real-time market data.
Radix offers users ProForma Predictive Analytics. They claim ProForma Analytics can run what-if scenarios based on real data in a private sandbox. ProForma Analytics can use Radix Benchmark Data to compare units and for underwriting.
Radix BenchMark is a data analysis tool that can streamline data collection. They claim Benchmark ensures data is uniform and viewable by everybody in the organization. Ideally, Benchmark lets managers Benchmark properties against competitors. Hence, a manager can set market-competitive rents and compare occupancy rates.
Users can view the company’s entire portfolio or a single property in the Radix Benchmark. There’s also a Surveys Page that lets users monitor renter opinion and popular attitudes.
SurveySwap gives users access to up-to-date market survey data. The data includes rents, concessions, traffic, leases, and occupancy rates. Users can quickly access the data without building a spreadsheet. Anybody can use SurveySwap without an account. Any employee can access SurveySawp via email.
What Value can Radix (XRD) Achieve?
The multifamily industry is enormous. Statista estimates that multifamily homes comprised 42% of the housing in the United States in 2021.
Multifamily investment is exploding. The volume of US multifamily lending grew from $359.7 billion in 2020 to $487.3 billion in 2021. Moreover, US multifamily lending rose from $364.4 million in 2019, and $288 million in 2017.
Rent prices are growing in the United States. Multifamily rents grew by 10% in 2021, FannieMae estimates.
The supply of multifamily housing is growing. Dodge Data & Analytics estimates over 600,000 multifamily units were slated for completion in 2022. Multifamily construction grew from 386,000 units in 2021 and 405,000 in 2021. Hence, landlords have tens of thousands of new units to rent, which could create a demand for Radix (XRD).
Conversely, multifamily demand is outstripping supply in many markets, which could lead to further expansion. Moreover, there are shortages of multifamily units in many areas which create challenging markets and more need for tools such as Radix.
What Value Does Radix (XRD) Offer?
There is market interest in Radix (XRD). For example, Radix was CoinMarketCap’s 10th most trending cryptocurrency on 19 April 2023.
Conversely, Radix was CoinMarketCap’s 207th ranked cryptocurrency with a 10.13₵ Coin Price on 20 April 2023. CoinMarketCap gave Radix a $1.023 billion Market Cap, a $2.418 billion Fully Diluted Market Capitalization, a $15.149 million 24-Hour Market Volume, and a $15.061 million Centralized Exchange Volume on 19 April 2023. They base those numbers on a 10.152 billion XRD Circulating Supply, a 24 billion XRD Maximum Supply, and a 12.124 billion XRD Total Supply.
I think Radix is a cryptocurrency to watch because it offers solutions for an enormous real world business that is growing: multifamily housing. Moreover, they could adapt some of Radix’s solutions to other industries. For example, I think they could use SurveySwap in retail or the mortgage industry.
If you are seeking cryptocurrency, that can cash in on Big Data. I think Radix (XRD) is worth examining.