Raydium's [RAY] 7-month high – All you need to know about it
A pivotal $3.26 resistance lies ahead for RAY.
Keep up with what's happening in the crypto world in real-time.
A pivotal $3.26 resistance lies ahead for RAY.
Raydium (RAY) price has surged nearly 20% over the past week, showing impressive strength within the Solana ecosystem. With Raydium maintaining a stronghold as the leading decentralized exchange on Solana, its price momentum is backed by substantial trading activity and liquidity.
With the crypto market witnessing almost $100M in short-side liquidations, the bull run chances are increasing amid Q4 rally chances. Further, as the BTC price is inching closer to surpassing the $65k mark as the buying pressure increases, the altcoins prepare to launch a new bull run.
Ever since the launch of the Bitcoin ETF, the institutions have been accumulating the token heavily. As the price is ascending towards the ATH, these activities have been intensifying, and as a result, the total ETFs held by them have now surpassed the Bitcoins held by Satoshi Nakamoto.
October has seen Raydium, Solana's largest DEX, generate $22.3 billion in volume, while Uniswap on Ethereum has processed $38 billion.
Raydium continues to draw attention as the most active DEX on Solana. RAY tokens trade near their one-year high, with rising open interest in the past weeks.
Raydium (RAY) is on a tear. Despite the usual volatility across all crypto assets, including blue-chip meme coins like Dogecoin and Pepe, the token is up 215% this year.
What's Raydium news today and what's causing this RAY price performance? Find out in this article!
Raydium recorded a strong rally over the past month, putting it in the overbought zone. But its funding rate shows the possibility of a further hike.
Here is how some of your favorite assets concluded the week.
Story Highlights The live price of the Raydium crypto is . RAY price could reach a high of $5.82 in 2024. Raydium coin price may reach a high of $27.36 by 2030. Built on the Solana chain for the Serum DEX, Raydium is an AMM and a liquidity provider.
RAY reaps the benefit of impressive demand and utility within the Raydium DEX. TVL and volume soar to noteworthy levels.
The recent price action of Solana-based Raydium (RAY) has caught investor attention, as the decentralized exchange (DEX) token has maintained an uptrend, achieving a seven-month high.
Chainlink (LINK) and Raydium (RAY) are signalling a potential breakout as bulls look to reclaim control. Another altcoin showing significant movement, despite paring recent gains is Pendle (PENDLE), which has attracted whales amid growing traction for decentralised finance protocols.
In a notable development on October 21, Solana-based DEX Raydium achieved higher daily fee revenue than the Ethereum network.
Raydium briefly outpaced Ethereum in daily fees, with its trading volume and TVL also seeing significant growth.
EURC is a stablecoin that is tied to the Euro, which means it is designed to keep its value stable, just like the Euro itself. This is important because it helps protect against the wild swings in price that other cryptocurrencies often experience.
Solana-based Raydium clocked $3.4 million in fee revenue on Oct. 21 versus $3.35 million for Ethereum, according to DeFiLlama.
Raydium, the largest decentralized exchange on the Solana blockchain, is firing on all cylinders as its token and volume rise. Raydium (RAY) token rose for six consecutive days, reaching its highest point since July 21.
Mega Dice ($DICE) debuted on the decentralized exchange (DEX) Raydium on Monday after raising over $1.9 million in its recently concluded presale.
The Mega Dice presale has already provided a glimpse of the token's upside potential, with an impressive $1.89 million raised. With the presale scheduled to end in just 3 days, it wouldn't be a surprise if this figure hits the $2 million mark.
Decentralized Finance (DeFi) activity might be falling as of early September. According to DeFiLlama, all DeFi protocols spread across major blockchains like Ethereum and Solana manage roughly $77 billion worth of assets.
This innovative tool aims to offer projects a competitive edge, directly challenging Meteora's Dynamic Pools, which have gained traction in the space. “Burn & Earn” offers token teams a way to secure liquidity while continuously earning trading fees.
Gigacat ($GCAT) has become the latest cat-themed meme coin to launch on Raydium, a Solana-based decentralized exchange.