Bonk Entry from stream hit nicely.
We love to see it.
Now we let the dog bonk.
Easy
Don't look now...
but $BONK n $RAY both look like they broke down trends.
and the metrics on chain look good for em.
I do no have a position on either (yet)
But I like the charts.
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Raydium
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assistant.sonic
This is a fact. Only on @SonicLabs
Shadow Exchange x(3,3) 💥
The #1 app in crypto by revenue-to-marketcap isn't @HyperliquidX. It's not @Solana. 🔶
It's @ShadowOnSonic, a DEX on @SonicLabs.
@MessariCrypto just dropped their full research report on how we're quietly becoming the most capital-efficient protocol in the game 👇
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102
Shadow Exchange x(3,3) 💥
The #1 app in crypto by revenue-to-marketcap isn't @HyperliquidX. It's not @Solana. 🔶
It's @ShadowOnSonic, a DEX on @SonicLabs.
@MessariCrypto just dropped their full research report on how we're quietly becoming the most capital-efficient protocol in the game 👇
20.48K
210
Cryptonews.com
📈 What’s next for altcoins in July? We asked the experts.
• HYPE eyes $80
• Solana ETF hype = big moves for RAY & ORCA
• Stablecoins heating up.
Don’t miss our latest report
#Altcoins #Solana #HYPE
The current price of Raydium is ₺86.4348. Over the last 24 hours, Raydium has increased by +0.59%. It currently has a circulating supply of 267,648,553 RAY and a maximum supply of 555,000,000 RAY, giving it a fully diluted market cap of ₺23.11B. At present, Raydium holds the 74 position in market cap rankings. The Raydium/TRY price is updated in real-time.
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR 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 TR does not guarantee any return, repayment of principal or interest. OKX TR 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.
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 TR and its affiliates ("OKX TR") are not in any way associated with the owner or operator of the TPW. You agree that OKX TR 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.
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 3.9K new posts about Raydium, driven by 2.2K contributors, and total online engagement reached 638K social interactions. The sentiment score for Raydium currently stands at 87%. Compared to all cryptocurrencies, post volume for Raydium currently ranks at 1792. 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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Posts
3,893
Contributors
2,167
Interactions
637,565
Sentiment
87%
Volume rank
#1792
X
Posts
3,252
Interactions
613,253
Sentiment
88%
Raydium FAQ
What is Raydium?
Raydium is an automated market maker (AMM) built on Solana's network, distinguishing itself from other AMMs by utilizing its DEX's central order book to share liquidity. As an AMM, it plays a crucial role in powering the Serum decentralized exchange, offering users efficient trading and liquidity solutions within the Solana ecosystem.
What are the benefits of holding RAY?
Holding RAY tokens comes with several benefits due to Raydium's distinctive approach. Firstly, it provides the advantage of faster trades compared to other platforms, making it attractive for those seeking efficient and timely transactions. Additionally, RAY holders can actively participate in the project's governance by staking their tokens, allowing them to have a say in various decisions and proposals within the Raydium ecosystem.
Where can I buy RAY tokens?
Easily buy RAY tokens on the OKX TR cryptocurrency platform. One available trading pair in the OKX TR spot trading terminal is RAY/USDT. You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for RAY with zero fees and no price slippage by using OKX TR Convert.
How much is 1 Raydium worth today?
Currently, one Raydium is worth ₺86.4348. 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 TR.
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 TR 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 TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. 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 TR 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 TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR 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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