Raydium Reaches Market Cap of $642.38 Million (RAY)

Raydium (RAY) traded 1.1% lower against the U.S. dollar during the one day period ending at 7:00 AM Eastern on March 6th. Over the last week, Raydium has traded 7.6% lower against the U.S. dollar. Raydium has a market capitalization of $642.38 million and $46.70 million worth of Raydium was traded on exchanges in the last 24 hours. One Raydium token can now be bought for approximately $2.21 or 0.00002434 BTC on major exchanges.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Taiko (TAIKO) traded up 1.2% against the dollar and now trades at $0.84 or 0.00000925 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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 up 0.4% against the dollar and now trades at $90,608.15 or 0.99858322 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.6% higher against the dollar and now trades at $90,078.99 or 0.99275138 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

About Raydium

Raydium’s launch date was February 21st, 2021. Raydium’s total supply is 554,999,133 tokens and its circulating supply is 290,847,966 tokens. Raydium’s official Twitter account is @raydiumprotocol and its Facebook page is accessible here. The official website for Raydium 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 currently possible to buy alternative cryptocurrencies such as Raydium directly using U.S. dollars. Investors seeking to trade Raydium should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Raydium using one of the aforementioned exchanges.

RAY/USD price chart by TradingView