Raydium (RAY) Price Tops $2.07 on Exchanges

Raydium (RAY) traded down 1.5% against the US dollar during the 1-day period ending at 8:00 AM ET on June 14th. Raydium has a total market capitalization of $598.75 million and $42.41 million worth of Raydium was traded on exchanges in the last 24 hours. One Raydium token can now be purchased for about $2.07 or 0.00001974 BTC on major cryptocurrency exchanges. Over the last week, Raydium has traded down 5.8% against the US dollar.

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

• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Central African Republic Meme (CAR) traded down 7.5% against the dollar and now trades at $0.0367 or 0.00000035 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.
• SolvBTC (SOLVBTC) traded up 0.1% against the dollar and now trades at $104,977.50 or 0.99854151 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.5% lower against the dollar and now trades at $104,849.52 or 0.99838602 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Raydium Profile

Raydium was first traded on February 21st, 2021. Raydium’s total supply is 554,998,740 tokens and its circulating supply is 288,577,542 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, “Raydium (RAY) is a distinctive automated market maker (AMM) built on the Solana blockchain. Unlike traditional AMMs, Raydium integrates with a central limit order book, ensuring faster, cost-efficient trades and shared liquidity. This unique architecture allows it to tap into the broader OpenBook ecosystem, enhancing liquidity and user experience. The platform was conceived by a pseudonymous team including figures like AlphaRay and XRay, who, motivated by the challenges in DeFi in 2020, launched Raydium in partnership with Serum in February 2021. The native token, $RAY, plays a central role in the ecosystem, facilitating trades, incentivizing user engagement, and supporting the AcceleRaytor initiative for new project launches.”

Buying and Selling Raydium

It is usually not currently possible to purchase alternative cryptocurrencies such as Raydium directly using U.S. dollars. Investors seeking to trade Raydium should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Raydium using one of the exchanges listed above.

RAY/USD price chart by TradingView