Raydium, the native token of the decentralized exchange built on the
Solana blockchain recorded impressive gains as its listing and adoption grew. The coin's price soared due to increased DEX volume. A bullish momentum sent its price to hit $7. The token experienced an over-50% pump when a high-profile ICO raised $7.7M. It was among the top earners from Solana memecoins. Wallet ICO buying and soaring sales volumes suggested potential double-digit rally.
Raydium's gains over 65% were driven by the launch of its innovative
Burn-and-Earn feature which allowed coin creators to lock liquidity permanently, and was considered a breakthrough in Permanent Liquidity Locking. The
Solana-based DEX gained traction and surged as it outperformed Uniswap in monthly trading volumes multiple times. It also surpassed Ethereum in daily revenues. Raydium was predicted to have much to offer for crypto portfolios.
Meme coins experienced a surge on Solana and Raydium which actively helped this trend. Trading bots earned significant amounts, with the Solana-based DEX earning noteworthy revenues thanks to meme coin trading. The meme coin surge propelled Raydium's rise, pushing it past Uniswap in monthly volumes.
Raydium integration with MoonPay provided instant Solana access. Tokens such as
1900Rugrat and
Mega Dice were launched on Raydium, while platforms like
Web3Bay looked bullish with raised funds.Despite significant success, there were some struggles projected for
Raydium, an indication for potential investors to stay vigilant. It was expected to face future issues with Trump's coin issuance causing a stir in the Solana DeFi landscape. According to Meteora's daily trading volume report led Raydium's share to fall to less than 30% within a short period. Somewhat bearish predictions were made for
Raydium's price in 2025, though some still expected a price rally.
Raydium Coin News Analytics from Sun, 17 Mar 2024 07:00:00 GMT to Wed, 22 Jan 2025 17:40:21 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor 4
