RSV, the Reserve Dollar¶
There are not many listings for RSV on exchanges, nor are there many on-chain transactions. This is because most of its active users hold it and transfer it in the Reserve app, which is a custodial wallet that allows transacting off-chain. The app hosts about 15,000 off-chain RSV transactions, totaling about $1.5M USD in volume, per day. The intent is to eventually transition to a user-custody model where users hold their own keys and transact on a layer 2 network, since layer 1 gas fees on Ethereum are too inconvenient. For now, the app's centralized database is our stand-in for a "layer 2."
To learn more about how RSV works, see how RSV currently works.