Solana's decentralized exchange,
Raydium, has had myriad experiences with
meme coins. Even with a slight dip after a meme coin misfire, the hype around these coins has elevated Raydium's total value locked (TVL) to its highest in over two years. Successful launches such as
Penguiana's $PENGU token setting stages for NFT minting and successfully concluding presales before launching on Raydium have increased enthusiasm in the crypto community. The increase in the volume of Raydium coincided with the surge in Book of Meme, contributing to its growing market share. In terms of security, the exchange experienced an exploit and lost $2M. Despite the setback, Raydium has shown resilience and proposed compensation for victims. The platform stands out for its
unique features, such as the upcoming launch of the settlement protocol,
Zebec. A bold prediction puts Raydium Coin's price target at $30, provided it exceeds $16 per coin. However, despite these promising developments, Raydium Coin's price is still 75% below its all-time high. In conclusion, Raydium's involvement with meme coins has demonstrated both the opportunities and challenges of the current crypto market.
Raydium Coin News Analytics from Tue, 09 Feb 2021 20:29:55 GMT to Thu, 08 Aug 2024 18:15:13 GMT -
Rating 4
- Innovation 3
- Information 2
- Rumor -1
