Raydium (RAY) Hits 24 Hour Trading Volume of $142.69 Million

Raydium (RAY) traded 9.8% lower against the U.S. dollar during the 1-day period ending at 7:00 AM E.T. on February 6th. Raydium has a total market cap of $1.56 billion and $142.69 million worth of Raydium was traded on exchanges in the last day. During the last seven days, Raydium has traded 28.5% lower against the U.S. dollar. One Raydium token can now be purchased for $5.36 or 0.00005429 BTC on major cryptocurrency exchanges.

Here is how related cryptocurrencies have performed during the last day:

• GMX (GMX) traded up 0.8% against the dollar and now trades at $17.24 or 0.00017471 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 0.7% higher against the dollar and now trades at $98,722.80 or 1.00061286 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 1.2% higher against the dollar and now trades at $98,425.93 or 0.99760389 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Raydium Token Profile

Raydium’s launch date was February 21st, 2021. Raydium’s total supply is 554,999,158 tokens and its circulating supply is 290,866,824 tokens. The official website for Raydium is raydium.io/#. Raydium’s official Twitter account is @raydiumprotocol and its Facebook page is accessible here.

According to CryptoCompare, “Raydium (RAY) is a distinctive automated market maker (AMM) built on the Solana blockchain. Unlike traditional AMMs, Raydium integrates with a central limit order book, ensuring faster, cost-efficient trades and shared liquidity. This unique architecture allows it to tap into the broader OpenBook ecosystem, enhancing liquidity and user experience. The platform was conceived by a pseudonymous team including figures like AlphaRay and XRay, who, motivated by the challenges in DeFi in 2020, launched Raydium in partnership with Serum in February 2021. The native token, $RAY, plays a central role in the ecosystem, facilitating trades, incentivizing user engagement, and supporting the AcceleRaytor initiative for new project launches.”

Buying and Selling Raydium

It is usually not currently possible to purchase alternative cryptocurrencies such as Raydium directly using US dollars. Investors seeking to trade Raydium should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Raydium using one of the exchanges listed above.

RAY/USD price chart by TradingView