Rayls Mainnet Launches April 30 With Live RLS Tokenomics

“This marks a pivotal milestone for the Rayls ecosystem. The network now transitions to full production, and the real tokenomics begin to take effect,” said Alex Buelau, co-founder of Parfin, the core contributor behind Rayls.

What the Rayls Mainnet Activates

The Rayls Mainnet launch transitions the network from testnet to production. Because of this shift, several core systems go live at once.

Transaction fees on the public chain now flow through RLS and USDr. The protocol burns half of all fees, while the other half goes to a Network Security Pool for validators. So this creates a deflationary loop tied to real network usage.

Meanwhile, USDr becomes the gas token on the public chain. A liquidity seeding program for USDr launched on April 22 to prepare for this transition.

In addition, institutional partners can now build on a live production environment. Asset bridging from private Privacy Nodes to the public chain also begins as a result.

How Rayls Works: Privacy Nodes and the Public Chain

Rayls operates a hybrid model. Specifically, institutions deploy private “Privacy Nodes,” which are permissioned EVM chains. These handle confidential asset tokenization and settlement.

The Privacy Nodes then connect to the Rayls Public Chain, an EVM-compatible Layer 1 built with the Axyl execution client. Because of this design, tokenized real-world assets can flow into open DeFi markets while preserving compliance.

The architecture targets a specific gap. Banks need compliant, private rails for asset tokenization, but they also need access to DeFi liquidity and yield.

Enygma, the protocol’s privacy layer, handles quantum-safe privacy. According to the project’s roadmap, the team expects to release full details in Q3 or Q4 2026.

RLS Token and Market Activity

RLS has a fixed supply of 10 billion tokens. The Token Generation Event took place in late 2025, so less than 15% of the supply currently circulates.

As of April 29, 2026, RLS trades between $0.007 and $0.009, according to CoinGecko. The token surged 70% to 180% in 24 hours before the Rayls Mainnet announcement. Daily volume also exceeded $40 million, with the market cap at roughly $11 million.

The RLS token contract exists as an ERC-20 on Ethereum at 0xb5f7…4fbd. After the Mainnet launch, transaction fees create automated RLS buybacks through the burn mechanism.

Pre-staking for RLS began in March 2026. Broader staking for pre-commit participants opens in May. Parfin runs the validators at launch, although the team plans to add one new validator per month.

This is not financial advice. Token prices are volatile, and past performance does not indicate future results.

Institutional Partners and Tokenized Assets

Several institutional partners have already tokenized assets on private Rayls networks. For instance, AmFi has tokenized over $2.8 billion in receivables. Similarly, Nimofast has billions more in commodities and energy assets ready for bridging.

Other partners include Nuclea, a Brazilian payment provider, and XP Inc. Vault partners such as Lagoon Finance, Enzyme, and Liqvid plan to launch in June 2026.

Parfin also plans to migrate its FX volumes to the network. These volumes reportedly reach $400 million monthly, with migration planned for Q4 2026. However, these figures represent planned activity, not current on-chain usage.

Testnet Data and What Remains Unknown

The Rayls testnet explorer shows 3,176,512 blocks, 108,099 transactions, and 5,339 wallets. Average block time sits at 1.2 seconds.

Still, no public TPS or finality benchmarks exist for the Rayls Mainnet at launch. Testnet performance showed sub-second block times, but production metrics remain unconfirmed.

There is also no live DeFi TVL yet. The network has no active Mainnet explorer or deployed contracts as of April 29. Instead, all current activity exists on the testnet or private partner networks.

Backers and Team Behind Rayls

Parfin, the core contributor, raised over $10 million in a Series A led by ParaFi Capital in August 2024. Other investors include Framework Ventures, Valor Capital Group, and Alexia Ventures. CoinDesk covered the raise, highlighting Rayls as the core blockchain product.

Messari also published a report on Rayls in February 2026. The report characterized it as infrastructure connecting TradFi and DeFi. Yet no coverage from The Block or Bloomberg has appeared.

The founding team includes Marcos Viriato as CEO, Alex Buelau as CPTO, and Cristian Bohn. All three co-founded Parfin in 2019.

What Comes Next After the Rayls Mainnet

The official roadmap outlines several milestones after the April 30 launch. First, staking and asset bridging open in May. Then, open-source codebase and partner vaults from Lagoon, Enzyme, and Liqvid arrive in June.

Subsequently, the institutional TVL ramp-up with AmFi, Nuclea, and others begins in Q3. The Enygma privacy rollout is also expected around Q3 or Q4.

As the Rayls team wrote on April 29: “Mainnet is not the finish line. It is the foundation. The infrastructure is now in place for real tokenomics, real liquidity, and real assets.”

The Rayls Mainnet goes live on April 30 at 3:00 PM UTC. Progress can be tracked through the official website.