Raydium’s total trading volume is above the $50 billion level.
In a tweet post, the trading platform said this milestone was due to the support of its global community who have been in the forefront supporting them as they make advances of being an authority in DeFi.
During the project’s initial launch, investors were skeptical about a new coin being released despite the ongoing saturation. Raydium’s tremendous growth over time has proven it worthy as its features and versatility are without a doubt, remarkable.
Raydium RAY is an AMM built on the Solana blockchain. It provides on-chain liquidity to a central limit order book. This has made possible fast trades, yield farming, and improved shared liquidity on the platform.
The platform partners with Serum and Solana. These platforms have contributed to Raydium’s growth as their technology is inspired by them.
Raydium is keen on inclusivity. Hence, community members can partake in RAY staking, swapping, and voting on amendments and proposals. Swapping on Raydium is easy, fast and it costs less. Due to the speed and efficiency at which swapping is carried out, users are able to save a tangible amount of cash.
Within a short period of time, RAY experienced a number of crashes due to some economic conditions. It recorded a surge higher than expected in a year. Unfortunately, its price crashed some days after it was listed and the fluctuation persisted for a while.
Although Raydium seems to be an undervalued coin at the moment, its market capitalization has risen beyond expectations. Reports have shown that there is increased market participation in the token and prices are likely to edge higher in the days ahead.
Raydium’s relentless efforts have yielded some positive results, and there seem to be more milestones to be attained in the future.