Raydium, a decentralized exchange on the
Solana network, continues to make significant strides, integrating
MoonPay for immediate Solana access and topping a 1-day trading volume of $75.28 million. Prices of its native token, the
RAY, have soared by as much as 15% on certain days. Key partnerships with several projects, like the
Meme Coin market, have also boosted overall performance, with
Solana Meme Coins driving the
Raydium Total Value Locked (TVL) to its highest in over two years. Significant mentions include
SNUKE meme coin surging almost 200% following a Raydium launch,
Penguiana’s $PENGU token launch surpassing a $1M valuation, and
Donk.Meme announcing a liquidity provision during its presale. Other projects like
dYdX have enhanced their upgrades with Raydium support. Major improvements have seen
Ray’s market capitalization reach $511.02 million and trading volumes expand, driven by the launch of
TrumpMania’s TMANIA token and various others. However, the platform wasn’t exempt from setbacks, suffering a $2M loss due to an attack and proposing a $2M bug bounty fund. Despite this, Raydium continues its growth strategy by preparing for a cross-chain future of DeFi on the Solana ecosystem. A market rebound is expected according to various analyses with specific predictions on
RAY hitting $30 if it exceeds $16.
Raydium Coin News Analytics from Tue, 09 Feb 2021 20:29:55 GMT to Thu, 25 Jul 2024 09:27:36 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor 3
