$10B+ DEX volume in June alone with ~32% market share
Liquidity lives on Raydium, the number 1 DEX on Solana
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letsBONK.fun and reposted
Raydium
Only 3 days left to enter the @bonk_fun hackathon co-sponsored by Raydium, $200,000 still up for grabs.
letsBONK.fun
introducing the letsBONK BCM hackathon ❗❗❗
- 1 month
- $200,000 in prizes
- co sponsored by @RaydiumProtocol
- open to all builders and cracked devs
details 👇🧵
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Raydium
Are we still allowed to gm?
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乔帮主退休月球收租و 🔆
🙀🙀 The big one is here ‼️‼️‼️
Palm print @Humanityprot just announced the launch of $H in the alpha section and contracts on Binance.
Congratulations to some people again! ! !
At the same time, Humanity Protocol's official Twitter has updated to launch a platform called Fairdrops.
This is the first use case of palm print certification, aimed at ensuring the fair distribution of airdrops and preventing bots and fake accounts (sybils) from stealing airdrop tokens.
This is an important innovation as it utilizes Humanity Protocol's palm print certification technology to verify the authenticity of users, ensuring that only certified real users can participate in the airdrop.
- It reminds me of some previous cases.
1) During the airdrop of many projects in the Solana ecosystem in 2021, there were large-scale bot attacks, with the airdrops of Raydium and Serum dominated by bots and fake accounts, leaving real users with almost no tokens. This situation wasted the resources of the project parties and damaged the trust of the community.
2) Ethereum's @Uniswap and $Aave airdrops also faced similar issues.
From this perspective, Fairdrops utilizes Humanity Protocol's palm print certification, which indeed provides a certain guarantee for the fairness of airdrops. It is a promising use case that still needs more time and practice to validate.
It must be emphasized that the core value of Fairdrops is that "only certified users can receive tokens."
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Kadense Pengu°❗️❗️❗️ reposted
Raydium
May I take your order?
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Raydium price performance in USD
The current price of Raydium is $1.7921. Over the last 24 hours, Raydium has decreased by -5.18%. It currently has a circulating supply of 267,623,802 RAY and a maximum supply of 555,000,000 RAY, giving it a fully diluted market cap of $479.69M. At present, Raydium holds the 71 position in market cap rankings. The Raydium/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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The introduction and adoption of AMMs like Raydium (RAY) have addressed the liquidity issues that early DEXs faced, resulting in a better user experience.
What is Raydium?
Raydium is an AMM built on the Solana blockchain. It serves as a liquidity provider for the Serum DEX, following the popular Uniswap model. With a range of powerful features, Raydium contributes to the growth of DeFi on the Solana network. The platform facilitates trading, yield farming, liquidity pools and even operates a launchpad called AcceleRaytor.
The Raydium team
The Raydium team is led by the pseudonymous AlphaRay, who oversees the overall strategy, operations, product direction, and business development. With a background in algorithmic trading in commodities, AlphaRay brings valuable expertise to the project. XRay is the project's developer team leader and CTO, bringing eight years of experience in trading and low-latency systems architecture. GammaRay takes charge of marketing, communications, strategy, and product direction, utilizing their years of experience in data analytics and market research.
How does Raydium work?
Raydium works uniquely by providing on-chain liquidity to a central limit order book, setting it apart from most other AMMs. Funds deposited into Raydium are converted into limit orders and placed on Serum's order books. This innovative approach grants liquidity providers access to Serum's order flow.
RAY: Raydium’s native token
RAY is the native cryptocurrency of Raydium, introduced in February 2022. With a maximum supply of 555 million RAY tokens, the total supply is currently slightly under this figure at 554,999,824.19 RAY. As of June 2023, the circulating supply accounts for approximately 38.69 percent of the maximum supply, amounting to around 214.7 million RAY tokens.
RAY use cases
The primary use case of RAY, Raydium's native token, is governance. Holding RAY allows users to vote on important decisions concerning the project and submit their proposals for community consideration. Users can also stake the token to earn protocol fees and access IDO allocations. Like other cryptocurrencies, RAY is also tradable and can be used for trading and investment.
Distribution of RAY
The distribution of RAY is as follows:
Thirty-four percent is awarded as block rewards for mining.
Thirty percent is allocated for partnerships and ecosystem development.
Twenty percent is held by the team.
Eight percent is used to provide liquidity.
Six percent is dedicated to the community pool.
Two percent is given to advisors.
The future of Raydium
The future of Raydium looks promising and unique among AMMs. Its approach of using the DEX's central order book for liquidity sharing allows for faster trades. Additionally, Raydium offers attractive yield-farming opportunities and a native launchpad, making it a valuable asset in Solana's ecosystem. As more users rely on its features, the project's utility and sustainability are ensured, attracting long-term traders.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 4.8K new posts about Raydium, driven by 2.2K contributors, and total online engagement reached 659K social interactions. The sentiment score for Raydium currently stands at 88%. Compared to all cryptocurrencies, post volume for Raydium currently ranks at 1950. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Raydium.
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Volume rank
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Posts
4,403
Interactions
639,548
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89%
Raydium FAQ
How much is 1 Raydium worth today?
Currently, one Raydium is worth $1.7921. For answers and insight into Raydium's price action, you're in the right place. Explore the latest Raydium charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Raydium, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Raydium have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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