Raydium (RAY) Tops One Day Volume of $11.08 Million

Raydium (RAY) traded down 1.8% against the U.S. dollar during the twenty-four hour period ending at 21:00 PM E.T. on May 8th. During the last week, Raydium has traded 11.8% higher against the U.S. dollar. Raydium has a market cap of $429.90 million and $11.08 million worth of Raydium was traded on exchanges in the last day. One Raydium token can now be bought for approximately $1.64 or 0.00002661 BTC on popular cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed during the last day:

• KILT Protocol (KILT) traded down 0.4% against the dollar and now trades at $0.30 or 0.00000482 BTC.
• 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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 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 1.1% higher against the dollar and now trades at $0.0102 or 0.00000017 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Raydium Profile

Raydium was first traded on February 21st, 2021. Raydium’s total supply is 554,999,275 tokens and its circulating supply is 262,804,385 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 U.S. dollars. Investors seeking to acquire Raydium should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Raydium using one of the aforementioned exchanges.

RAY/USD price chart by TradingView