Raydium, known for its operations on the Solana blockchain, has been a hot topic in recent events. The
cryptocurrency is projected to reach $5, attracting investors' attention. News of a strategic partnership between
Eric Trump, BONK.fun, and Raydium for
Stablecoin expansion brings optimism. Notably, Raydium is also launching its version of pump.fun, making its move into the memecoin arena. The token's value significantly increased as Solana hinted at the launch of a new memecoin launchpad.
Raydium recorded a $200 million DEX volume, with contributions from notable sources like
Fartcoin, America party, and
Useless. As 21Shares introduced AI and Raydium-focused products, the company achieved significant feat of having 50 crypto ETPs in Europe. Raydium managed to overtake
Uniswap in monthly DEX volume following a memecoin-heavy activity. There were talks about raydium unveiling a competitor for Pump.fun's memecoin launchpad. The anticipation resulted in a 28% surge in RAY's value.
In response to Pump.fun's rumored changes, the RAY token went down 22%. However, the volumes increased with the come back of memecoin hype. In a month, Raydium saw an increase of $5.7 million through buybacks and maintained a steady market cap, closer to $800 million. In a direct challenge to Pump.fun, Raydium launched its
token platform, LaunchLab. Despite the emergence of a rival, PumpSwap, the Raydium token kept its high stance. Meanwhile, Pump.fun decided to launch its DEX, PumpSwap, presenting a challenge for Raydium and potentially ending Raydium migrations.
Raydium Coin News Analytics from Fri, 13 Sep 2024 07:51:17 GMT to Mon, 06 Oct 2025 07:00:00 GMT -
Rating -2
- Innovation 6
- Information 7
- Rumor 3
