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Raydium RAY |
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£1.17 |
-3.14% (24h) |
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Marketcap |
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£316,920,715 |
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Volume 24h |
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£19,748,348 |
Description
Raydium (RAY) is a leading decentralized exchange and automated market maker (AMM) built on the Solana blockchain, known for its blazing fast speeds and low costs. Unlike many other DEXs, Raydium provides on-chain liquidity to the central limit order book of the Serum exchange, creating a unified and deep pool of capital. The RAY token is used for staking to earn a share of the protocol’s fees and for participating in "AcceleRaytor," a platform for launching new Solana-based projects. By combining the best features of AMMs and traditional order books, Raydium offers a superior trading experience for the Solana community.