What is Raydium (RAY)?

The Raydium Protocol offers a decentralized exchange for the Solana ecosystem. If someone wants to swap Solana or a tokens based on Solana, this can be done on Raydium. The exchange is powered by the RAY token. The token is used to reward validators of the network. Additionally, the token gives the owner voting power and allows to participate in decisions regarding the development of Raydium.
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RAY
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Cryptohunt's Opinion

Our take on Raydium

Similar to Uniswap in the Ethereum network, Raydium is the decentralized exchange of the Solana ecosystem. Raydium, like other decentralized exchanges (DEX), allows trades without an order book. This means that the sold tokens do not require a buyer, differently to traditional exchanges. Unlike traditional DEXs, users of the Raydium platform can also sell their tokens directly to a buyer. Hence, trades via the order book are also possible. If the Solana ecosystem continues to grow as it did in 2021, exchanges for Solana tokens will also become more relevant and so will Raydium.
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What makes Raydium special?
Raydium is a powered by, uses to validate transactions, and is. Raydium also supports.

Interesting facts about Raydium

Here are some facts you may not already know about Raydium. Something surprise you? Go ahead, share it!Any fact missing? Contact us.
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Raydium tokens are used to reward the validators of the network and as a governance token.

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Raydium enables trading via liquidity pool and via order book.

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Raydium is a decentralized exchange for trading cryptocurrencies in the Solana ecosystem.

Raydium reviews from the cryptohunt community

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Raydium price and insights

See how much Raydium is worth and learn from other insightful metrics
No value
-0% past 1 week
24H30D
Community Reviews
No reviews yet
0% feel totally fine about Raydium today
0% think this is a great investment
0% believe in the potential
0% say the development team is great
0% say the community is great
Market insights
Market capitalization
Very small
24 hour trading volume
Very small
Market cap % of total
Very small
Project health
# Discord members
42,192
7% of them are active
# Telegram members
44,440
2% of them are active
% of total supply circulating
Very small

What’s the community like?

Community matters for projects like Raydium, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.
# Discord members
42,192
# Active Discord members
2,803
# Telegram members
44,440
# Active Telegram members
994

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