Raydium (RAY) Hits Market Capitalization of $459.21 Million

Raydium (RAY) traded 1.2% higher against the U.S. dollar during the 1-day period ending at 11:00 AM E.T. on October 5th. During the last seven days, Raydium has traded 0.6% lower against the U.S. dollar. Raydium has a total market capitalization of $459.21 million and $13.17 million worth of Raydium was traded on exchanges in the last 24 hours. One Raydium token can currently be bought for about $1.74 or 0.00002800 BTC on exchanges.

Here’s how other cryptocurrencies have performed during the last 24 hours:

• 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 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 8.4% higher against the dollar and now trades at $0.0410 or 0.00000066 BTC.
• P2P Solutions foundation (P2PS) traded up 0.8% against the dollar and now trades at $156.07 or 0.00251091 BTC.

About Raydium

Raydium’s launch date was February 21st, 2021. Raydium’s total supply is 554,999,214 tokens and its circulating supply is 263,808,866 tokens. Raydium’s official Twitter account is @raydiumprotocol and its Facebook page is accessible here. Raydium’s official website is raydium.io/#.

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 presently possible to buy alternative cryptocurrencies such as Raydium directly using US dollars. Investors seeking to trade Raydium should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Raydium using one of the aforementioned exchanges.

RAY/USD price chart by TradingView