Raydium (RAY), a decentralized exchange built on the Solana blockchain, has been making waves in the recent news. This significant attention comes primarily from the platform's innovative
\"Burn & Earn\" program aimed at strengthening
Permanent Liquidity Locking. The launch and integration of
MoonPay, providing Instant Solana Access has also contributed to the buzz. Raydium's trading volume surge has piqued industry interest, while a swathe of meme coins like
$GCAT, Penguiana's $PENGU, Poodlana, SNUKE and
TrumpMania's TMANIA token have successfully been launched on the platform and appreciated rapidly, pushing up Raydium's standings in the market. However, the DEX saw disruptions after a significant hack that resulted in a loss of
$2M. As a part of its recovery effort, a
$2M Bug Bounty Fund has been proposed concurrently with a proposed integration with
SushiSwap intending to reduce user fees. Other strategies in the pipeline include
'cross-chain' solutions prepared in cooperation with Serum for a DeFi future on Solana. Most excitingly, Raydium's price projections show promise with analysts predicting that the
RAY token will continue to gain steady ground to 2030.
Raydium Coin News Analytics from Tue, 09 Feb 2021 20:29:55 GMT to Fri, 13 Sep 2024 07:00:00 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor 5
