Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX). Raydium has a first-mover advantage as an AMM within Serum and will be an integral part of bringing new and existing projects and protocols into the ecosystem. The protocol will act as a bridge for projects looking to expand to Solana and Serum, and in the process Raydium and the RAY token will become a foundation for enabling further development with partners, its own platform, and the ecosystem as a whole.
Unlike any other AMMs, Raydium provides on-chain liquidity to a central limit orderbook, meaning that Raydium LPs get access to the entire orderflow and liquidity of Serum.
Long term, Raydium aims to capture and maintain a leadership position among AMMs and liquidity providers on Serum, while leveraging the power of Solana to drive the evolution of decentralized finance (DeFi) and emerge as a leading protocol in the space alongside our partners and the community."
Where is Raydium available for purchase?
You can exchange RAY tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Raydium is Binance, notably the RAY/USDT pair, which saw a trading volume of $ 14,95 MLN. in the past day. Additionally, Raydium (CLMM) and HTX are popular alternatives for trading tokens.
What is the highest value Raydium (RAY) has ever reached?
Raydium (RAY) reached its peak price at 16.83 $ on 12 September 2021, approximately 4 years ago ago. Presently, the current price is -78.43% lower than this all-time high.
What is the historical minimum price for Raydium (RAY)?
The minimum price reached for Raydium (RAY) was 0.1343 $, documented on 29 December 2022, more than 3 years ago. In comparison, the current price is 2,601.07%, it above this historical low.
What is the fully diluted valuation of Raydium (RAY)?
The fully diluted valuation (FDV) of Raydium (RAY) stands at $ 2,01 BN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 555,000,000 RAY tokens. The realization of this FDV might take several years depending on the emission schedule of RAY tokens.