RAY (Raydium) is a cryptocurrency and decentralized finance (DeFi) platform. Here are some key points about RAY:$RAY
- _Symbol_: RAY
- _Consensus Algorithm_: Solana-based SPL token
- _Total Supply_: 555 million RAY tokens
- _Circulating Supply_: Approximately 150 million RAY tokens
- _Use Cases_:
- Decentralized trading and liquidity provision
- Yield farming and staking
- Governance and voting rights
- Raydium ecosystem incentives
- _Unique Features_:
- Decentralized finance (DeFi) platform on Solana
- Utilizes a unique token model (RAY)
- Growing ecosystem of DeFi applications
Raydium aims to provide a fast, scalable, and decentralized platform for DeFi applications.
Current Price (approximate):
- Price: $3.50
- Market Cap: $500 million
- 24h Volume: $50 million
References:
1. Raydium Website
2. CoinMarketCap
3. CoinGecko
Some potential use cases for RAY include:
1. Decentralized trading and liquidity provision
2. Yield farming and staking
3. Governance and voting rights