Market Cap
$469,171,444.2
Fully Diluted Valuation
$895,277,744.0
24 Hour Trading Vol
$42,536,638.4
Circulating Supply
290,847,971.0
Total Supply
554,999,070.2
Max Supply
∞
Raydium Price
$1.61
24h Range
$1.59 - $1.73
Percent Change 1h
-1.82%
Percent Change 24h
-5.55%
Percent Change 7d
-4.92%
All-time high
$16.83
All-time low
$0.134
1D
7D
1M
1Y
All
Raydium (RAY) is a decentralized finance (DeFi) protocol built on the Solana blockchain that provides an automated market maker (AMM) and liquidity provider platform. Launched in February 2021, Raydium facilitates efficient trading and liquidity for various tokens on the Solana network. Unlike traditional AMMs, Raydium integrates with the Serum decentralized exchange (DEX) to offer users access to its on-chain order book, enabling high-speed and low-cost transactions.
Raydium's native token, RAY, serves multiple purposes within the ecosystem, including governance, staking, and liquidity mining. This token allows holders to participate in decision-making processes related to protocol upgrades and enhancements, while also providing incentives for liquidity providers.
Raydium was founded by a team of experienced developers and blockchain enthusiasts. The core team includes members like Raymond Wang, who has a background in finance and technology, and Michael Wong, a seasoned software engineer. The team has previously worked on various blockchain projects, leveraging their expertise to create a robust and innovative platform in the DeFi space. The identities of some team members remain pseudonymous, which is common in the crypto industry to maintain privacy and security.
Raydium operates through a dual liquidity model that combines AMM features with a central limit order book from Serum, boosting liquidity and trading efficiency. Here's how it works:
This innovative structure allows for faster transactions and lower fees compared to other platforms, capitalizing on Solana's high throughput and low latency.
Raydium has several key use cases that benefit users within the DeFi ecosystem:
To ensure the safety of your Raydium assets, consider the following best practices:
Investing in Raydium (RAY) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Raydium: Once your account is funded, you can purchase Raydium directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Raydium using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Raydium (RAY) is currently trading at $1.61 and exhibits good potential for future growth. Check the latest Raydium (RAY) price prediction.
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