Raydium, an Automated Market Maker (AMM) built on the Solana blockchain has been making significant strides in the crypto market. Despite a malicious Chrome extension adding hidden SOL fees to Raydium swaps, the platform's native token, RAY, managed to maintain robust performance. Notably, it saw a double-digit surge following hints of a new memecoin launchpad launch from Solana. This movement was tied to speculation of
Raydium launching its version of
Pump.fun, which has been leading the Solana memecoin market.
Pump.fun quickly retaliated by testing a successor of Raydium. Amid all of the escalating rivalries,
Raydium made its
LaunchLab debut, a platform intended to stimulate the creation of memecoins and challenge
Pump.fun dominance.
Raydium's native token, however, experienced volatile price movements, with multiple fluctuations and backlashes rumoured to be tied to
Pump.Fun's actions and the memecoin hype. Amid all the dynamic movements, Strategic partnerships have also given
Raydium a lift, including deals with Bonk.fun and WLFI to expand USD1 on Solana. Experts predict that these series of developments will cause the price of RAY to increase in the long term.
Raydium Coin News Analytics from Tue, 05 Jul 2022 14:40:12 GMT to Wed, 26 Nov 2025 14:41:22 GMT -
Innovation 7
- Information 5
- Rumor -4
