
In a series of major news timeframes, cryptocurrency Raydium (RAY) has been the center of dynamic changes, ranging from its prices to competitive advancements. Raydium has secured a significant $820M, outperforming Solana, Uniswap, and Ethereum on the DeFi market. The RAY token, initially facing a 66% drop, emerged from this low with 28% and 75% jumps after unveiling their version of Pump.fun and PumpSwap.
Raydium rolled out a new platform, LaunchLab, to mirror Pump.fun for launching memecoins. Despite promising features, it led to a 24% decline in RAY's value. The competitive atmosphere has heated up with Pump.Fun launching its own Decentralized Exchange (DEX), prompting a 27% drop in RAY value. Rumors circulating the launch of an Automated Market Maker (AMM) by Pump.fun caused yet another 22% dip.
Despite these fluctuations, Raydium's share of memecoin volume has surged and even surpassed Uniswap in monthly DEX volumes twice. In response to Pump.fun launch trials, Raydium has announced a new token tool. Market experts anticipate that if the bullish trend holds, RAY's price could range from $7 to $20.
Raydium Coin News Analytics from Tue, 30 Jul 2024 07:00:00 GMT to Tue, 20 May 2025 19:44:59 GMT - Rating -4 - Innovation 2 - Information 5 - Rumor -2