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Raydium (RAY) is the 275th largest cryptocurrency in the world by market cap, valued at $127,372,481. The current price of Raydium is $0.2295, which is -0.606% lower than yesterday. Prices have ranged between $0.278157 and $0.225712 over the past 24 hours. All prices are listed in US dollars and accurate as of January 31, 2023 09:01 UTC.
Raydium is an automated market maker and liquidity provider. Built on the Solana blockchain, Raydium uses the Serum decentralized exchange order book in an effort to offer faster trades and more liquidity.
You can use the platform to trade and swap tokens, plus earn RAY tokens through farming and staking. RAY is Raydium’s native utility token. RAY holders can stake their tokens to generate yield, while the tokens can also be generated from liquidity pools known as Raydium Farms. The Raydium litepaper also mentions a limited governance model where stakers will be able to vote on community proposals and changes.
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