Request

Request (REQ) is a utility token that powers the Request Network, an Ethereum-based decentralized payment system launched in October 2017. The network allows anyone to create a formal request for payment, defining the recipient address, amount, and optional invoice terms, without relying on a traditional financial intermediary. It is aimed at individuals, businesses, and developers who want a cross-border, multi-currency payment and invoicing layer that documents every transaction on-chain for accounting and compliance purposes.

The Request Network is built on Ethereum and also participates in the Polygon ecosystem, meaning transactions and smart contract interactions can occur on either chain. When a payer receives a payment request, they fulfill it by sending funds to the address specified in the on-chain record, and every step of that process is stored permanently on the network. The REQ token is described as a utility token whose role is to ensure the performance and stability of the network, though the data provided does not detail a specific fee-burning or staking mechanic beyond that general function.

The data provided does not include a recorded fee stream, revenue figure, or protocol earnings for Request Network, so fee-based measures such as price-to-fees or revenue yield are not available on this page. What the data does show is a circulating supply of 796,694,831 REQ against a maximum supply of 1,000,000,000 REQ, meaning approximately 79.67 percent of all tokens that will ever exist are already in circulation. The fully diluted valuation is 1.254454 times the current market capitalisation of 45,604,758 USD, reflecting the modest remaining supply yet to enter circulation. Without a visible fee stream, the economic sustainability of the protocol cannot be assessed through revenue metrics alone.