Raydium, a Solana-based decentralized exchange (DEX), has been performing impressively, becoming a dominant force within the Solana Defi space. The platform has achieved an 80% drop in gas fees, attained a considerable total value locked (TVL), and successfully launched several meme coins. Setups such as a
'Burn & Earn' feature for permanent liquidity locking and
MoonPay integration for instant Solana access further vitalize the platform. Raydium's token,
RAY, shows price volatility with periods of both bullish momentum and declining prices. The token has experienced a price drop of 5% after a Twitter meme coin misfire but seems to regain attraction with prospects of another bullish run. Despite a recent misadventure of a
$2M loss because of an exploit, the platform remains resilient. New projects like
Gigacat ($GCAT), Poodlana, and Penguiana ($PENGU) host presales on Raydium, reaching impressive amounts before listing. Other meme coins including
Donk.Meme and DogWifCat have witnessed significant growth post-listing. Raydium has also introduced improvements, such as
isolated markets and
isolated margin with the dYdX upgrade and proposed a
SushiSwap integration to reduce fees. Several tokens on the platform, including
Jupiter and Orca, have seen a noticeable surge in volume recently. The platform is also set to launch a new protocol,
Zebec.
Raydium Coin News Analytics from Tue, 09 Feb 2021 20:29:55 GMT to Wed, 11 Sep 2024 20:00:54 GMT -
Rating 3
- Innovation 2
- Information 8
- Rumor -7
