Raydium is one among several Solana native tokens that are currently exploding, taking RAY to an average 83% weekly climb
Raydium is an innovative automated marketplace maker (AMM) as well as liquidity provider for the Solana decentralised exchange Serum. Today, Raydium’s RAY token is up 33% Raydium is now at an 83.3% weekly gain after a whole bunch of Solana projects rallied over this past week.
Continue reading to find out more about this hidden treasure. You’ll also find the best place to buy RAY today.
Where and how to purchase Raydium in the UK?
RAY coins, although being a DEX-oriented token can be bought from many traditional exchanges and cryptocurrency broker platforms. You’ll need to sign up with a regulated site to get started, and this can be done in just a few minutes. To get started, choose a partner from the list below and deposit. You can now invest in crypto with confidence because both of our recommendations are reliable, safe, and secure.
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What is Raydium?
Raydium, the AMM provider and liquidity provider for the Serum decentralised exchange built on the Solana Blockchain, is Raydium. Raydium uses a hybrid AMM/order book model to give Serum greater liquidity access. This allows Serum to compete effectively with other DEXs.
The RAY token itself has several uses: it can be staked in order to take home a share of the protocol’s fees, it can be used to procure new tokens via initial DEX offerings (IDOs), and it can be used to vote on governance proposals for the platform. RAY’s centrality in such a rapidly-growing ecosystem has made it very attractive, leading to a recent price increase.
Should I purchase RAY now?
Raydium’s 7-day chart clearly shows a breakout to the upside. The move comes with rallies from across the Solana ecosystem, and Raydium’s daily gains are amongst the best of its cohort. RAY is now priced at $6.51. This gives it a solid and stable platform from which to start a climb back to its peak.
Chart for RAY 7 days. Source: CoinMarketCap
RAY reached $16.13 back at May. This price could be seen if it continues its upward rise. RAY could move higher sooner than expected if the market, and especially Solana-based coins, can maintain its bullish momentum.
This article is informational only — none of the contents should be construed as financial or investment advice.
Coin Journal published the article Where to buy Raydium: Raydium rises 35% overnight.