Raydium (RAY) Market Capitalization Achieves $570.54 Million

Raydium (RAY) traded up 3.6% against the U.S. dollar during the twenty-four hour period ending at 21:00 PM ET on October 15th. During the last week, Raydium has traded up 24.9% against the U.S. dollar. Raydium has a market cap of $570.54 million and approximately $37.47 million worth of Raydium was traded on exchanges in the last 24 hours. One Raydium token can currently be purchased for about $2.16 or 0.00003209 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed during the last 24 hours:

• 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 down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 11.6% lower against the dollar and now trades at $0.0457 or 0.00000068 BTC.
• P2P Solutions foundation (P2PS) traded 0.4% lower against the dollar and now trades at $169.34 or 0.00251280 BTC.

Raydium Token Profile

Raydium launched on February 21st, 2021. Raydium’s total supply is 554,999,209 tokens and its circulating supply is 263,830,840 tokens. Raydium’s official Twitter account is @raydiumprotocol and its Facebook page is accessible here. The official website for Raydium is raydium.io/#.

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 possible to purchase alternative cryptocurrencies such as Raydium directly using US dollars. Investors seeking to acquire Raydium should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. 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