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Raydium Overview
24h High
$0.66
24h Low
$0.63
24h Change
-3.23%
7d Change
+5.70%
30d Change
+0.71%
Volume 24h
$94.72M
Market Cap
$174.74M
Circulating Supply
268.70M RAY
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About Raydium
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.
The brainchild of a pseudonymous core development team including AlphaRay, XRay, GammaRay, StingRay, and RayZor. These individuals span various domains like strategy, business development, technology, marketing, trading, and computer security. The team, after its DeFi involvement in 2020, embarked on a journey to address the challenges they perceived in the then DeFi environment. Their endeavors led to the formation of Raydium, and with the collaboration of Serum, they launched the Raydium mainnet in February 2021.
$RAY is Raydium's native token with various utilities within its ecosystem, facilitating trades, providing liquidity, incentivizing user engagement, and backing new project launches through the AcceleRaytor initiative. Out of a hard cap of 555 million RAY, 34% (or 188.7m RAY) is earmarked for mining reserves. Emissions are set to last roughly 36 months, with "halvenings" planned every six months. Additionally, 0.03% of trading fees will be redirected to buy back $RAY.
Raydium Markets
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Raydium Platforms
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Raydium Market Data
The live Raydium price today is $0.63 USD with a 24-hour trading volume of $94,723,473.23 USD. We update our RAY to USD price in real-time. Raydium is down 3.23% in the last 24 hours.
The current market cap is $174,744,935.14 USD, ranking #164 by market capitalization. The circulating supply is 268,700,018 RAY.