RAY is the native token of the automated market maker (AMM) Raydium for the popular DeFi platform Serum built on the Solana blockchain. Unlike other AMMs’ Raydium offers on- chain liquidity on a central limit order on Serum. This means that the funds moved from the AMM to Serum are present in the exchange’s order book. Creating an order book allows liquidity providers to get access to Serum’s active orders status and asset’s overall liquidity. The platform automates the process of offering the best price to users by comparing the price difference between swaps, liquidity pools and Serum’s order book. It fetches the best price for users on Raydium.
As a utility token RAY can be used for:
- Staking to earn protocol fees
- Staking to receive IDO allocations
- Governance votes on protocol decisions
Buy RAY Token here.
|Launch Date||February 21, 2021|
|Blockchain Protocol||Proof of Stake and Proof of Work|
|Token Type||DeFi, AMM|
|Circulating Supply||172,010,158 RAY|
WHO ARE THE FOUNDERS OF RAYDIUM?
Raydium is run by three blockchain entrepreneurs with pseudonyms: AlphaRay, XRay and GammaRay. AlphaRay holds experience in algorithmic trading and took complete advantage of his expertise to build Raydium. He spearheads strategy, operations, product direction and business development at the organization. XRay is the Chief Technology Officer of Raydium.
X carries 8 years experience as a trading and low latency systems architect for both traditional and crypto markets. He designed the Raydium’s infrastructure from end to end. GammaRay heads the marketing and communications and also plays a key role in strategy and product direction. He has spent a large part of his career at a leading data analytics and market research firm, working on both client engagements and corporate marketing.
HOW DOES RAYDIUM WORK?
Raydium’s AMM interacts with Serum’s central limit order book, meaning that pools have access to all order flow and liquidity on Serum. Raydium serves a wide range of groups including crypto investors as well as projects that require AMM infrastructure.
WHAT MAKES RAY UNIQUE USE CASES?
Order Book AMM: Users can trade and swap crypto assets on Raydium with much ease. The experience is similar to that of using a centralized exchange because of the automated order book integration that ensures healthy liquidity in pools.
Array of DeFi service: Raydium offers concentrated liquidity for better ROI and staking and yield farming to earn lucrative APY across crypto pairs.
RAYDIUM PRICE ANALYSIS
- RAY has recorded a price of $3 in 2022 and has seen subsequent price dips throughout the crypto winter. Post the FTX collapse, the asset has entered into a consolidation phase for price correction.
- The asset has been trading between $0.172000 – $ 0.1640 (INR 13.99)
|RAYPrice Today||₹ 13.99|
|Price Change <Yearly>||No data|
|Market Dominance||No Data|
|Market Rank (as per CMC)||475|
|Fully Diluted Market Cap||172,010,158 RAY|
HOW TO BUY RAYDIUM TOKEN IN INDIA?
Want to buy Raydium tokens in India, CoinDCX is the best-suited place. Being India’s leading crypto exchange, CoinDCX is also one of the best Bitcoin and crypto apps for beginners. To begin with, all you have to do is,
- Download the CoinDCX App on your smartphone
- Enter the details required for registration
- Complete KYC
- Once your profile is verified, fund your CoinDCX wallet and buy Raydium (RAY)