Raydium (RAY) Achieves Market Cap of $516.79 Million

Raydium (RAY) traded down 4.9% against the US dollar during the 24-hour period ending at 9:00 AM Eastern on September 29th. In the last seven days, Raydium has traded up 8% against the US dollar. One Raydium token can now be purchased for $1.92 or 0.00002276 BTC on popular exchanges. Raydium has a total market capitalization of $516.79 million and $75.73 million worth of Raydium was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed in the last 24 hours:

• 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 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• CateCoin (CATECOIN) traded up 0.5% against the dollar and now trades at $0.0761 or 0.00000090 BTC.
• SolvBTC (SOLVBTC) traded up 1.1% against the dollar and now trades at $84,289.66 or 1.00165839 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Raydium Token Profile

Raydium’s launch date was February 21st, 2021. Raydium’s total supply is 554,997,396 tokens and its circulating supply is 269,863,602 tokens. The official website for Raydium is raydium.io/#. Raydium’s official Twitter account is @raydiumprotocol and its Facebook page is accessible here.

According to CryptoCompare, “RAY is the native token of Raydium, a decentralised exchange and liquidity protocol built on Solana. Raydium supports several liquidity pool models, including AMM v4, CPMM and CLMM, as well as token launches through LaunchLab and access to perpetual futures via Orderly Network. RAY has a maximum supply of 555 million tokens and is used for staking, governance and as an asset in liquidity pools. Raydium also allocates 12% of trading fees from supported pool types to RAY buybacks. RAY holders can participate in limited token-based governance through Solana Realms. Raydium was launched in February 2021 by a pseudonymous team including AlphaRay, XRay, GammaRay, StingRay and RayZor.”

Buying and Selling Raydium

It is usually not possible to purchase alternative cryptocurrencies such as Raydium directly using US dollars. Investors seeking to acquire Raydium should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Raydium using one of the aforementioned exchanges.

RAY/USD price chart by TradingView