Solana`s Raydium (RAY) Token Dips Over 25% Today: Should You Sell ASAP?

Raydium (RAY) is an automated market maker (AM)and liquidity provider built on the Solana blockchain for the Serum DEX exchange. Raydium price today is $10.91 USD with a 24-hour trading volume of $464,521,570 USD.  Raydium is down 24.50% in the last 24 hours. The current Coin Market Cap ranking is #108, with a live market cap of $730,144,663.82 USD. It has a circulating supply of 66,879,034.22 RAY coins and a max. supply of 555,000,000 RAY coins. Raydium has an advantage as an AMM in Serum and will be a major part of the introduction of new and existing projects and protocols into the ecosystem.

Solana`s Raydium (RAY) Token Dips Over 25% Today: Should You Sell ASAP? The protocol will act as a bridge for projects seeking to expand to Solana (SOL) and Serum, and in the process, Raydium and the RAY token will become the basis for further development with partners, their own platform and the ecosystem as a whole. Unlike any other AMMS, Raydium provides internal liquidity to the central limit order book of Serum, which means that Raydium users and liquidity pools have access to the order flow and liquidity of the entire Serum ecosystem, and vice versa. All this is enhanced by the use of Solana, an incredibly fast and efficient blockchain.

Lora Nilsson

Finance and Business reporterAfter graduating high school. Lora decided to travel and blog as a part-timer. Today she enjoys what she loves and works remotely as our finance and business reporter