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