Raydium Achieves Market Cap of $688.55 Million (RAY)

Raydium (RAY) traded 5% lower against the US dollar during the 24-hour period ending at 7:00 AM E.T. on February 26th. One Raydium token can now be purchased for approximately $2.37 or 0.00002670 BTC on popular exchanges. Over the last seven days, Raydium has traded down 48.1% against the US dollar. Raydium has a market capitalization of $688.55 million and approximately $227.92 million worth of Raydium was traded on exchanges in the last day.

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

• Taiko (TAIKO) traded up 0.8% against the dollar and now trades at $0.91 or 0.00001022 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 2.2% lower 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 0.6% higher against the dollar and now trades at $88,550.73 or 0.99884943 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 1.1% higher against the dollar and now trades at $88,151.26 or 0.99434338 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 554,999,140 tokens and its circulating supply is 290,847,966 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 possible to buy alternative cryptocurrencies such as Raydium directly using US dollars. Investors seeking to acquire Raydium should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Raydium using one of the exchanges listed above.

RAY/USD price chart by TradingView