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Raydium RAY
RAY
8.100
$
7.59 %
Change 24h
Market Cap
$ 2,364,451,496
Volume 24h
$ 314,115,753
Circulating Supply
290,885,224
Total Supply
555,000,000
Website
Social
RAY
$
1D
7D
1M
3M
6M
1Y
All
# | Exchange | Pair | Price | Volume 24h |
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Description
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."