Raydium continues to claim its space in the cryptocurrency market, with an increasing suspicion of bots tilting the scale in favour of
Solana over Ethereum. The instruction to buy
Raydium ensures enthusiasts join in on the investing trend, which has seen a hike in meme coin projects listing on
Raydium, contributing to its
1-Day Volume exceeding $75.28 million. Noteworthy is the considerable drive behind
Solana-based Meme coins such as $PNDA and $PENGU, which have facilitated
Raydium's total value locked (TVL) to reach a multi-year high. A series of Solana meme projects have demonstrated considerable potential, such as
Snuke that has surged almost 200% and reached a market cap of $1m.
TrumpMania has shown extraordinary growth, while Baydium's integration into dYdX's latest upgrade strengthens its relevance. However, it hasn't been smooth sailing due to a $2m loss from a hack attack, leading
Raydium to set up a
$2m bug bounty fund to address this setback. Despite this hiccup, momentum continually builds around
Raydium as noted by the phenomenal performance of
RAY, a Solana-based coin, with a 30% increase in the last week.
Sam Bankman-Fried reportedly received a 2m Raydium token prior to FTX's listing. Lastly, there is a proposed SushiSwap integration to reduce fees and the upcoming launch of a settlement protocol, both projected to bolster
Raydium's growth.
Raydium Coin News Analytics from Tue, 09 Feb 2021 20:29:55 GMT to Tue, 30 Jul 2024 16:10:07 GMT -
Rating 7
- Innovation 4
- Information 6
- Rumor -5
