Institutions
RAY is only available to store
This asset is currently unavailable to trade on Gemini. You can store RAY and transfer it with a compatible external wallet.
$4.7910523231
$4.4321775896 (1235.02%)
Past year
Volume (24H)
--
Circulating Supply
264.1M
Market Cap
$1.305B
About Raydium (RAY)
Raydium is a decentralized exchange (DEX) frontend interface on the Solana network that plugs into the Serum DEX central limit order book. Raydium operates as an automated market maker (AMM) and acts as a traditional DEX on Ethereum (e.g. Uniswap, Sushiswap), while the trades themselves are executed through Serum. Raydium users can provide tokens to a liquidity pool in a 1:1 ratio for a two-sided trading pair, and receive a portion of trading fees generated by the pool. Fees on Raydium are 0.25%, with 0.22% given to liquidity providers, and the remaining 0.03% allocated to stakers of RAY. Raydium also provides other avenues for earning yield through staking.
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Raydium Cryptopedia articles
Raydium (RAY): A Solana DEX and DeFi Ecosystem
Cryptopedia Staff • 5 min read
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