Raydium, a prominent automated market maker on the Solana blockchain, has been making headlines lately, particularly around its unique
Burn-and-Earn feature. This facilitates
permanent liquidity locking by coin creators, raising investors' interests in this unique feature. Raydium's significant volume growth supports this interest, even amidst the meme coin frenzy occurring on the Solana blockchain.
New meme coin launches on Raydium have been making waves, generating considerable trading volume and liquidity on this DeFi platform. Notably, several memes tokens such as
GigaCat,
TRUMPMania,
Donk.Meme,
Poodlana exceeded expectations in their respective presale before their launch on Raydium. Despite the hype, however, evidence suggests that many meme coins fail to launch successfully. Meanwhile, Raydium has implemented
MoonPay for instant Solana access and expanding its reach throughout the crypto community. Unfortunately, Raydium suffered a significant setback due to a hack causing a loss of approximately
$2M. Nonetheless, Raydium presented a compensation plan for the victims and the token prices have started to steady from a downturn. Lastly, Raydium is introducing its
settlement protocol Zebec and aligning its features to leaderboard operators like Uniswap and SushiSwap.
Raydium Coin News Analytics from Tue, 09 Feb 2021 20:29:55 GMT to Tue, 17 Sep 2024 08:37:30 GMT -
Rating -2
- Innovation 5
- Information 2
- Rumor -6
