Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX).
Raydium (RAY) is a key component in the Solana decentralized finance (DeFi) ecosystem, serving as an automated market maker (AMM) that provides liquidity to Serum's central limit order book.
Raydium is an automated market maker (AMM) built on the Solana blockchain, facilitating decentralized trading of digital assets. By combining liquidity from liquidity pools managed by liquidity providers and Serum’s order book, Raydium offers a fast and low-cost trading experience.
Users can participate in trades by locking their assets in liquidity pools and, in return, they receive RAY tokens that can be staked to earn additional cryptocurrency.
Raydium was started in 2020 by a development team known pseudonymously, who set out to address challenges in the existing DeFi system. Their innovative solution and collaboration with Serum allowed the use of liquidity from both platforms.
With features like “dual reward farming,” Raydium creates an incentive for more liquidity providers to contribute, ultimately creating a more dynamic and rewarding ecosystem for users.
Raydium (RAY) is ranked #127 on CoinMarketCap, with a market cap of USD 499,974,438. It has a circulating supply of 263,807,954 RAY and a maximum supply of 554,999,214 RAY.
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