Raydium (RAY) Achieves Market Capitalization of $509.04 Million

Raydium (RAY) traded down 0.8% against the U.S. dollar during the 1 day period ending at 7:00 AM Eastern on March 10th. Raydium has a total market capitalization of $509.04 million and $44.72 million worth of Raydium was traded on exchanges in the last day. One Raydium token can currently be bought for $1.75 or 0.00002120 BTC on exchanges. During the last seven days, Raydium has traded down 28.9% against the U.S. dollar.

Here is how related cryptocurrencies have performed during the last day:

• Taiko (TAIKO) traded 3.2% lower against the dollar and now trades at $0.75 or 0.00000906 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% 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.
• Hokkaidu Inu (HOKK) traded up 1.2% 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.
• SolvBTC (SOLVBTC) traded down 2.9% against the dollar and now trades at $82,321.12 or 0.99721333 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 4.2% against the dollar and now trades at $81,676.80 or 0.98940821 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Raydium Token Profile

Raydium’s genesis date was February 21st, 2021. Raydium’s total supply is 554,999,130 tokens and its circulating supply is 290,847,966 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 US dollars. Investors seeking to trade Raydium should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Raydium using one of the exchanges listed above.

RAY/USD price chart by TradingView