Raydium (RAY) Reaches Market Capitalization of $391.43 Million

Raydium (RAY) traded 2.1% lower against the US dollar during the 1-day period ending at 14:00 PM Eastern on September 15th. In the last week, Raydium has traded up 2.5% against the US dollar. One Raydium token can currently be bought for $1.48 or 0.00002480 BTC on major exchanges. Raydium has a total market cap of $391.43 million and approximately $5.82 million worth of Raydium was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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 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 1% lower against the dollar and now trades at $0.0498 or 0.00000083 BTC.
• P2P Solutions foundation (P2PS) traded down 0.8% against the dollar and now trades at $153.76 or 0.00256968 BTC.

Raydium Token Profile

Raydium was first traded on February 21st, 2021. Raydium’s total supply is 554,999,219 tokens and its circulating supply is 263,779,850 tokens. Raydium’s official Twitter account is @raydiumprotocol and its Facebook page is accessible here. Raydium’s official website 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.”

Raydium Token Trading

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

RAY/USD price chart by TradingView