Price
$0.20
12/9/2022, 12:26:37 PM
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Market

Market stats

Market cap

$32.4M

Volume (24h)

$14.2M

Circulating supply

161.6M RAY

All time high

$16.93

Price change (1h)

+0.76%

Price change (24h)

+9.25%

Price change (7d)

+9.37%

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Raydium is on the rise this week.

The price of Raydium has risen by 9.37% in the past 7 days. The price increased by 9.25% in the last 24 hours. In just the past hour, the price grew by 0.76%. The current price is $0.20 per RAY. Raydium is 98.82% below the all time high of $16.93.

The current circulating supply is 161,597,301.417 RAY.

About

RAY is a Solana token that powers the Raydium network. Raydium is an Automated Market Maker (AMM), decentralized exchange (DEX) and a token launchpad platform hosted on the Solana blockchain. The RAY token offers users many uses, including earning protocol fees, staking and receiving allocations to token launch events.

What Is Raydium (RAY)?

Raydium (RAY) is a Solanablockchain-based automated market maker (AMM) that uses the central order book of the Serum decentralized exchange (DEX) to seek to offer lightning-fast transactions, pooled liquidity, and additional features for generating income. An automated market maker (AMM) is a sort of decentralized exchange (DEX) mechanism that prices assets using a mathematical formula. The platform allows users to swap and trade cryptocurrency. Moreover, users can also earn additional rewards through yield farming and staking. Other protocols can access liquidity within their pool, and Ethereum makes the transactions slow and increases the gas fees. The platform proclaims itself different from other DEXs as it seeks to solve the mentioned issues.

Another feature of Raydium includes a trading interface of the platform that seeks to allow users to set limit orders and control their trading. Further, project owners can power their projects by launching them on the platform's launchpad. If any user aims to build a platform on Solana, the platform welcomes such partnerships. Also, when any user starts their journey with the platform, they need to enroll for the Solana Program Library (SPL) wallet. The SPL wallet stores users' funds on the blockchain network and allows users to experience the platform's features. Additionally, the users require SOL (Solana) in the SPL wallet to make any transactions on Solana. 

According to the whitepaper, for each swap in the liquidity pool, the platform charges 0.25% transaction fees. Here, users receive 0.22% into the liquidity pool as a reward for liquidity providers. The remaining 0.03% goes to the staking pool to reward the users staking RAY tokens. RAY token is the native currency of the Raydium platform. RAY holders can engage themselves in staking to earn additional RAY.

Also, the platform has reserved 34% of the total supply for the RAY mining reserve. Here, emissions may last for approximately thirty-six months, and halving occurs every six months. Emissions mean creating and releasing cryptocurrency into the market. On the other hand, halving means the budget utilized for emission for six months may halve with the previous period. 

History of Raydium (RAY)

Alpha Ray founded the platform Raydium, and the litepaper came into existence on February 19, 2021. 

The maximum total supply of the Raydium (RAY) platform is 555 million RAY.

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FAQ

What is the current price of Raydium?

The price of 1 Raydium currently costs $0.20.

What is the market cap of Raydium?

The current market cap of Raydium is $32.41M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Raydium?

The all-time high of Raydium is $16.93. This all-time high is highest price paid for Raydium since it was launched.

What is the 24 hour trading volume of Raydium?

Over the last 24 hours, the trading volume of Raydium is $14.22M.

What other assets are similar to Raydium?

Assets that have a similar market cap to Raydium include Bounce Token, Star Atlas, Tellor, and many others. To see a full list, see our comparable market cap assets.

How many Raydium are there?

The current circulating supply of Raydium is 162 million.