Raydium
(RAY)$ 8.23
5.23 % (24H)Raydium Data
Price Range (24H)
Lowest
$ 7.49
Highest
$ 8.3
ATH
$ 13.47
Price Change (24h)
5.23 %
Price Change (7d)
0 %
Market Cap
$ 4.56 B
24h Volume
$ 93,018,400
Circulating Supply
290,913,000
Max Supply
-1
Raydium Overview
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.