Raydium (RAY)$0.62
-1.93% (24H)
Low $0.62
High $0.63
- Market Cap $166.77 M
- Volume $11.59 M
- Available Supply 269.31 M RAY
- ATH $16.83
- ATH(% Change) -96.32%
- ATH Date 2021-09-12
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Raydium current price is $0.62 with a marketcap of $166.77 M. Its price is -1.93% down in last 24 hours.
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."
