About Raydium
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.
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Trading Insights
Traders
2.6K
Searched
96
Market Stats
Market Cap
S$809.13M
FDV
S$1.56B
Circ. Supply
289M RAY
Max Supply
555M RAY
Total Supply
555M RAY
Total Value Locked
S$2.20B
Performance
Popularity
Not enough data
Dominance
0.02%
Volume (24H)
S$42.76M
-34.57%
Volume (7D)
S$398.35M
Volume (30D)
S$1.89B
All time high
S$20.94
Price Change (1Y)
30.11%
Additional info about Raydium
Recent trends
The latest RAY price is S$2.80. Compared to Raydium's value of S$2.77 from 24 hours ago, there's been a 2% increase, while the current price is -12% down from S$3.17 which was recorded one week ago. Raydium's all time high is S$20.94, which was reached on May 3, 2021. This is a -87% change from its price today.
The current circulating supply of Raydium is 288,577,542. This is 52% of its max supply of 555,000,000 RAY and 52% of its total supply of 554,998,742. The market cap is currently S$809.13M, which is a result of multiplying the current price of Raydium(S$2.80) by the total supply(554,998,742 RAY). The fully diluted valuation of Raydium is S$1.56B. The diluted valuation of Raydium is S$1.56B.
Market details
RAY vs markets
↘ 1.59%
RAY vs BTC
↘ 14.3%
RAY vs ETH
↗ 91.46%
Tags
decentralized-exchange-dex-token
defi
amm
dex
Network & Addresses
Network | Address | |
|---|---|---|
Solana | 4k3Dyjzvzp8eMZWUXbBCjEvwSkkk59S5iCNLY3QrkX6R | |
Ethereum | 0x5245C0249e5EEB2A0838266800471Fd32Adb1089 | |
BNB Smart Chain | 0x13b6A55662f6591f8B8408Af1C73B017E32eEdB8 |
Price history
Time | Price | Change |
|---|---|---|
Today | S$2.80 | ↗ 1.53% |
1 Day | S$2.77 | ↗ 1.53% |
1 Week | S$3.17 | ↘ 11.52% |
1 Month | S$3.22 | ↘ 12.66% |
1 Year | S$2.26 | ↗ 30.11% |
FAQ
Raydium is an automated market maker (AMM) and liquidity provider that operates on the Solana blockchain for the Serum decentralized exchange (DEX). It distinguishes itself from other AMMs by providing on-chain liquidity to a central limit orderbook, which means that funds deposited into Raydium are converted into limit orders on Serum’s orderbooks. This unique approach allows Raydium liquidity providers to access all of Serum’s order flow and existing liquidity. The native utility token of Raydium is RAY, which is used for staking to earn protocol fees, receiving IDO allocations, and participating in governance votes on protocol decisions.
Raydium operates by taking all the tokens accrued in its liquidity pools and placing orders on the orderbook according to the constant product invariant. This allows Raydium to provide liquidity to traders at a variety of prices. For users who do not require the orderbook but enjoy low trading fees, Raydium has implemented a feature for users who just want to swap their tokens. Liquidity providers can generate additional rewards for contributing, with key pools being incentivized with RAY tokens. Raydium also includes a limited governance model, allowing stakers of RAY to participate and vote on community proposals and amendments.
Raydium seeks to provide a suite of features that contribute to the evolution of DeFi on Solana. Users have the ability to swap or trade, potentially earn through fees and yield farms, and provide liquidity for any SPL token. Raydium also enables the permissionless creation of liquidity pools and farms, allowing projects to launch and bootstrap liquidity in a decentralized manner. The RAY token is used in staking with the potential to generate yield from trading fees, the possibility to stake RAY for multipliers on yield, and participation in governance votes on community proposals and amendments.
Raydium was launched on February 21st, 2021 with 555,000,000 tokens created at genesis. The team behind Raydium includes AlphaRay, who leads overall strategy, operations, product direction, and business development, XRay, the Chief of Technology and Dev Team leader, and GammaRay, who heads up marketing and communications. The team has backgrounds in algorithmic trading in commodities, market making and liquidity providing for cryptocurrency, and technical analysis and discretionary trading. Raydium was built with the intention of addressing market needs for an order book AMM to aggregate liquidity, and the team has been working towards this since the summer of 2020.
We update our Raydium to SGD currency in real-time. Get the live price of Raydium on Coinbase.
The current market cap of Raydium is S$809.13M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Raydium is S$20.94. This all-time high is highest price paid for Raydium since it was launched.
Over the last 24 hours, the trading volume of Raydium is S$42.76M.
Assets that have a similar market cap to Raydium include Core, Tezos, Jito, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Raydium is 289 million.
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