The unexpected death of Dan Hughes has raised concerns about the Radix network's future, as leadership transitions occur amidst ongoing project developments.
The Radix network is facing uncertainty after the passing of its founder, Dan Hughes, on July 29. Following the announcement, the token's price plummeted 40%. Hughes was pivotal in developing the network's innovations, including the Cerberus consensus and Radix Engine. The network was preparing to launch its Hyperscale mainnet and a major rewards program, which aims to distribute 1 billion XRD to the community over two years. However, ongoing supply issues and token distribution concerns continue to affect the network's stability.