Raydium Market Cap Hits $395.51 Million (RAY)

Raydium (RAY) traded down 6% against the US dollar during the one day period ending at 9:00 AM ET on September 13th. One Raydium token can currently be purchased for about $1.47 or 0.00001910 BTC on cryptocurrency exchanges. Raydium has a total market cap of $395.51 million and $77.77 million worth of Raydium was traded on exchanges in the last 24 hours. During the last week, Raydium has traded up 6.2% against the US dollar.

Here’s how other cryptocurrencies have performed during 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 down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• CateCoin (CATECOIN) traded 24.4% higher against the dollar and now trades at $0.0557 or 0.00000073 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded down 0.8% against the dollar and now trades at $76,666.25 or 1.00166257 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Raydium Token Profile

Raydium was first traded on February 21st, 2021. Raydium’s total supply is 554,997,508 tokens and its circulating supply is 269,738,730 tokens. Raydium’s official Twitter account is @raydiumprotocol and its Facebook page is accessible here. The official website for Raydium is raydium.io/#.

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 presently 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 Coinbase, 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