Raydium

Raydium (RAY)

Full information about Raydium (RAY). Current Raydium price in QAR, RAY open/close rates, Raydium history charts, Raydium market capitalization and volume.

1 RAY = 6.88 ﷼ Qatari Rial (QAR)
1.8837926 QAR

Last updated: 2024-10-01 01:41:00 UTC - about 7 months ago 1 USD = 3.650038 QAR

General information
Global rank:124
Name: Raydium Raydium
Symbol:RAY
Current coin price (QAR):6.88 ﷼
Last hour:arrow_upward1.49 %
Last 24 hours:arrow_downward-4.15 %
Last 7 days:25.62 %trending_up
Capitalisation (QAR):1 813 914 719.34 ﷼
Volume 24h (QAR):96 665 737.57 ﷼
Available supply:263 807 041.00 RAY
Total coin supply:-1 RAY
Start date:2021-02-21
Last updated: 2024-10-01 01:41:00 UTC - about 7 months ago
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Candle
OHLC
USDEURCADGBPCHFJPYZAR
JavaScript chart by amCharts 3.20.16Value$2.949
JavaScript chart by amCharts 3.20.16Apr 04Apr 06Apr 08Apr 10Apr 12Apr 14Apr 16Apr 18Apr 20Apr 22Apr 24Apr 26Apr 28Apr 30May1.01.52.02.53.0
JavaScript chart by amCharts 3.20.16Volume$29,495.41
JavaScript chart by amCharts 3.20.16Apr 04Apr 06Apr 08Apr 10Apr 12Apr 14Apr 16Apr 18Apr 20Apr 22Apr 24Apr 26Apr 28Apr 30May0500,000
JavaScript chart by amCharts 3.20.16Apr 04Apr 06Apr 08Apr 10Apr 12Apr 14Apr 16Apr 18Apr 20Apr 22Apr 24Apr 26Apr 28Apr 30May

Raydium/Qatari Rial (RAY/QAR) price chart

Raydium/Qatari Rial (RAY/QAR) capitalisation and volume charts

What is Raydium (RAY)?

Raydium is an automated market maker (AMM) built on the Solana blockchain. Distinguished from other AMMs, Raydium integrates with a central limit order book, providing faster trades, shared liquidity, and innovative features for yield generation. Its unique architecture allows it to offer swift, cost-effective transactions by leveraging Solana's efficient blockchain capabilities. Furthermore, Raydium's AMM can provide on-chain liquidity to OpenBook's central limit order book, making it possible for its users and liquidity pools to access the order flow and liquidity of the entire OpenBook ecosystem and vice versa.

Who created Raydium (RAY)?

The brainchild of a pseudonymous core development team including AlphaRay, XRay, GammaRay, StingRay, and RayZor. These individuals span various domains like strategy, business development, technology, marketing, trading, and computer security. The team, after its DeFi involvement in 2020, embarked on a journey to address the challenges they perceived in the then DeFi environment. Their endeavors led to the formation of Raydium, and with the collaboration of Serum, they launched the Raydium mainnet in February 2021.

What is $RAY used for?

$RAY is Raydium's native token with various utilities within its ecosystem, facilitating trades, providing liquidity, incentivizing user engagement, and backing new project launches through the AcceleRaytor initiative. Out of a hard cap of 555 million RAY, 34% (or 188.7m RAY) is earmarked for mining reserves. Emissions are set to last roughly 36 months, with "halvenings" planned every six months. Additionally, 0.03% of trading fees will be redirected to buy back $RAY.