Raydium (RAY) is an automated market maker (AMM) and liquidity provider built on the Solana blockchain.
Unlike other AMMs, Raydium provides on-chain liquidity to a centralized order book, meaning that deposited funds are converted into limit orders in the Serum order books, a decentralized exchange (DEX) based on Solana.
This approach allows Raydium liquidity providers to access the entire order flow and existing liquidity of Serum.
Main features:
Decentralization: Raydium operates on the Solana blockchain, allowing fast and low-cost transactions without a central authority.
Integration with Serum: By providing liquidity to the Serum order book, Raydium facilitates greater efficiency in price discovery and order execution.
RAY Token: The native token of Raydium, RAY, is used for staking, governance, and to earn fees from the protocol.
Utilities:
Liquidity provision: Users can provide liquidity to Raydium pools and receive rewards in RAY.
Trading: Through integration with Serum, traders can execute orders with greater market depth and less slippage.
Participation in IDOs: RAY holders can participate in Decentralized Exchange Initial Offerings (IDO) through the Raydium launch platform.
Whitepaper:
The Raydium whitepaper is available on its official website.
Annual price evolution of Raydium (RAY):
This is a list with the approximate price of RAY at the end of each year since its launch:
2021: $6.16
2022: $5.40
2023: $5.43
2024: $5.60 (as of November 27)
* This project proposes to automate the market system, which is very interesting, although it is a project that needs adoption and good practices, therefore it is interesting to keep track of it and evaluate an intelligent entry if it develops properly *
