| General information | |
|---|---|
| Global rank: | 124 |
| Name: |
Raydium |
| Symbol: | RAY |
| Current coin price (TZS): | 5 057.98 TZS |
| Last hour: | arrow_upward1.49 % |
| Last 24 hours: | arrow_downward-4.15 % |
| Last 7 days: | 25.62 %trending_up |
| Capitalisation (TZS): | 1 334 331 619 496.80 TZS |
| Volume 24h (TZS): | 71 108 166 657.14 TZS |
| Available supply: | 263 807 041.00 RAY |
| Total coin supply: | -1 RAY |
| Start date: | 2021-02-21 |
Raydium/Tanzanian Shilling (RAY/TZS) price chart
Raydium/Tanzanian Shilling (RAY/TZS) capitalisation and volume charts
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.
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.
$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.