Raydium: everything you need to know about RAY
Axel has been immersing himself in the world of crypto and blockchain for quite some time, which he then translates into understandable articles.
Raydium facts
Abbreviation
RAY
Category
DeFi
Founder(s)
Unknown
Blockchain
Solana is een blockchain-platform dat is ontworpen voor gebruikers die behoefte hebben aan schaalbaarheid en decentralisatie. Het is gebouwd met een focus op snelheid en lage kosten, waardoor het geschikt is voor een breed scala aan toepassingen, van gedecentraliseerde financiën tot decentrale applicaties.
Protocol
AMM with order book
Launch date
2021
Links
What is Raydium?
Raydium is a decentralized platform built on the Solana network. It offers fast and cheap transactions for the Decentralized Finance (DeFi) sector, particularly for decentralized exchanges (DEX's). Raydium combines the benefits of an order book with the liquidity of an automated market maker (AMM). This allows users to trade digital assets quickly and efficiently.
How does Raydium work?
Raydium utilizes Solana's high processing speeds and low transaction costs. The platform serves as a liquidity provider for other Solana-based DEX's by using a central order book. Users can add liquidity to pools and generate passive income, while also being able to trade through the Raydium network.
The token
The native token of Raydium is RAY. RAY is used for governance on the platform, allowing users to vote on important decisions. Additionally, it can be staked to receive additional rewards, which encourages engagement with the ecosystem.
The technology behind Raydium.
Raydium is built on the Solana blockchain, known for its high scalability and speed. The technology combines an order book system with an AMM (automated market maker). This makes Raydium unique because it offers both the liquidity of AMMs and the benefits of order book-based exchanges.
The Raydium ecosystem.
Raydium is part of the broader Solana DeFi ecosystem. It offers integrations with other projects on Solana, such as Serum, for the exchange of digital assets. Raydium also supports staking, yield farming, and liquidity provision, and is a key player in the DeFi space within Solana.
€2.9108▲4.54%
Benefits of Raydium
- Fast transactions through the Solana blockchain.
- Low transaction costs compared to Ethereum-based platforms
- Deep liquidity thanks to the use of an order book.
Disadvantages of Raydium
- Dependence on Solana: If the Solana network encounters issues, this will also affect Raydium.
- Competition with other DeFi projects that offer similar solutions.
Who is the founder of Raydium?
Raydium was founded by a team of developers with experience in blockchain technology and DeFi. The founders do not have detailed public profiles, but they have a background in both the Solana blockchain and the development of decentralized financial systems.
Raydium price in the last 24 hours
View all key statistics of the past 24 hours here.
€2.8600
€2.8700
€2.7400
Market information
Use these figures to get a better picture of the Raydium market.
€65.5 million
€766.3 million
268.1 million
€14.250
Raydium Return On Investment
See how much the price has risen or fallen over the years.
Historical Raydium price
Here you can see Raydium's daily prices, trading volume and market cap. Looking for a specific date? You can fill in the range all you want. Maybe you'll spot the one trend!
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Most popular crypto currencies today
Frequently asked questions
Raydium doesn't have a fixed value because the exchange rate is always in motion. Whenever you get distracted or even blink, it has already changed. Right now, the value of Raydium is €2.9108.
You can easily buy Raydium on BLOX! Quickly download the app, and within two minutes, you'll have your own crypto portfolio with Raydium and your other favorite coins.
We don't have a crystal ball either, so it's up to you to decide whether you want to invest in RAY. We can only recommend once again that you thoroughly research the market and only invest what you're willing to lose.