Raydium (RAY) is a token used in the Raydium system, which is an Automated Market Maker (AMM) and liquidity provider operating on the Solana blockchain. Raydium features on-chain liquidity for a central order book, allowing liquidity providers to access the order flow and liquidity available in Serum DEX.
As of March 19, 2025, the price of Raydium is approximately $1.88, with a market cap of $540.35 million. The 24-hour trading volume is $246.31 million. The price of RAY has increased by 16.42% over the past 24 hours.
The RAY token is used for various purposes within the Raydium system, including:
Staking: Users can stake RAY to earn protocol fees.
Participation in Initial DEX Offerings (IDO): Staking RAY allows users to receive allocations in IDOs.
Governance: RAY is used to vote on protocol decisions.
