Raydium (RAY) price has increased today.
The price of Raydium (RAY) is $0.246479 today with a 24-hour trading volume of $4,968,068. This represents a 1.20% price increase in the last 24 hours and a -5.70% price decline in the past 7 days. With a circulating supply of 190 Million RAY, Raydium is valued at a market cap of $46,101,975.
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."
550,000,000 RAY have been minted at the genesis and will become accessible over the course of 3 years. The initial 3-year allocation is as follows:
- 34% airdropped to liquidity providers over the course of 3 years
- 30% for partnerships and expanding the Raydium ecosystem with up to 3-year lockups
- 20% for team members and future employees with a 1-year lockup and 2-year unlock afterward
- 8% for liquidity provisioning (initial pools liquidity bootstrapping and providing liquidity on other DEX and CEXs)
- 6% for seed funding and community pool with 1-3 year lockups
Where can you buy Raydium?
RAY tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Raydium is BingX, where the most active trading pair RAY/USDT has a trading volume of $152,336.70 in the last 24 hours. Other popular options include BKEX and Binance.
What is the daily trading volume of Raydium (RAY)?
The trading volume of Raydium (RAY) is $4,973,655.95 in the last 24 hours, representing a 27.90% increase from one day ago and signalling a recent rise in market activity.
What is the all-time high for Raydium (RAY)?
The highest price paid for Raydium (RAY) is $16.83, which was recorded on Sep 12, 2021 (over 1 year). Comparatively, the current price is -98.50% lower than the all-time high price.
What is the all-time low for Raydium (RAY)?
The lowest price paid for Raydium (RAY) is $0.134391, which was recorded on Dec 29, 2022 (3 months). Comparatively, the current price is 83.80% higher than the all-time low price.
What is the market cap of Raydium (RAY)?
Market capitalization of Raydium (RAY) is $46,176,911 and is ranked #470 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of RAY tokens (190 Million tokens are tradable on the market today).
What is the fully diluted valuation of Raydium (RAY)?
The fully diluted valuation (FDV) of Raydium (RAY) is $137,118,230. This is a statistical representation of the maximum market cap, assuming the maximum number of 560 Million RAY tokens are in circulation today. Depending on how the emission schedule of RAY tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of Raydium compare against its peers?
With a price decline of -5.60% in the last 7 days, Raydium (RAY) is underperforming the global cryptocurrency market which is down -2.00%, while underperforming when compared to similar Decentralized Finance (DeFi) cryptocurrencies which are down -3.70%.
What is the market sentiment of Raydium today?
The community is bearish as more than 50% of users are feeling bad about Raydium (RAY) today.