Raydium Starts Support for the Exclusive Standard Named Token-2022
Raydium mentioned that the present Token Program of Solana has played the role of a dependable asset solution on the network.
Raydium price is $0.181956, 上 4.09% in the last 24 hours, and the live market cap is $42,306,649. It has circulating supply volume of 555,000,000 RAY coins and a max. supply volume of 555,000,000 alongside $3,317,199 24h trading volume.
Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX) and the Solana ecosystem. It's one of the top DeFi applications on the Solana blockchain and also includes a Solana project launchpad and NFT support.
RAY is the native token of the Raydium ecosystem.
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Raydium is an automated market maker built on the Solana Blockchain that shares liquidity with the Serum decentralized exchange. Raydium leverages the central order book of the Serum decentralized exchange (DEX) to enable lightning-fast trades, shared liquidity, and new features for earning yield.
The combination of Raydium automated maker and Serum’s traditional order book mechanism provides Raydium users with fast, liquid, and low-fee trading of digital assets on the Solana blockchain. Moreover, this combination proves to be the winning formula behind Raydium’s success.
As an AMM, Raydium enables the trading of digital assets in a permissionless way through the use of liquidity pools. Liquidity pools rely on liquidity providers, who lock their assets in a liquidity pool smart contract. These locked assets can then be used as the trading pair within a given market for traders on the decentralized exchange.
As a DEX, Raydium offers the benefits of decentralized exchanges, such as complete control of your assets, privacy, etc., with some additional features:
Fast and Affordable Transactions: Raydium is built on the Solana blockchain, known to be faster than Ethereum and with gas fees that are a fraction of what Ethereum charges.
Intuitive Interface: It offers users TradingView charts and enables them to set limit orders, etc., and have more control over their trading.
On Chain Liquidity: Raydium provides on-chain liquidity to the central limit order book of the Serum DEX, giving Raydium LPs access to all of Serum’s order flow and liquidity.
RAY is the native protocol token of the Raydium network. The RAY coin is a governance token that enables RAY holders to vote on community proposals. The token is used to pay transaction fees and fund rewards on Raydium. To earn additional rewards, RAY can be staked or deposited into liquidity pools on the Raydium platform.
RAY token holders can also lend or borrow their RAY coins and participate in various staking or yield farming incentives within the Solana DeFi ecosystem.
Raydium’s core development team goes by a series of pseudonyms.
AlphaRay runs the project’s strategy and business development, drawing from a background in algorithmic commodities trading.
XRay is Raydium’s Chief of Technology.
GammaRay, StingRay, and RayZor contribute across marketing, trading, and computer security initiatives.
Raydium is funded by 5 investors, with Tagus Capital and Sand Hill Angels being the most recent investors.
Raydium AMM provides access to Serum’s order book and uses the CFAMM (constant function automated market maker) algorithm.
Raydium offers the following functionalities:
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