Name : Raydium (RAY)
RAY Price : $1.11900 +0.78%
Consensus Mechanism : Proof of Stake
Volume: 33,013,535
Market Cap: 300,126,273
Shariah Judgement
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Shariah Status :
Last Screening: Q4 2024
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Overview
Raydium is a decentralized finance (DeFi) powerhouse built on the Solana blockchain, distinguishing itself with an on-chain order book automated market maker (AMM). This innovative platform facilitates lightning-fast trades, shared liquidity, and advanced trading features like limit orders. Unlike other AMM platforms, Raydium integrates with OpenBook's central limit order book, providing users and liquidity pools access to a broader ecosystem's order flow. Raydium offers farming pools and Fusion pools, allowing liquidity providers to earn RAY tokens, project-specific tokens, and trading fees. The platform also features Concentrated Liquidity Market Maker (CLMM) pools for advanced market making and permissionless pools for immediate trading. With initiatives like AcceleRaytor, Raydium actively contributes to the growth of the Solana Ecosystem, serving as a launchpad for carefully curated token offerings in a decentralized manner. The entire ecosystem is supercharged by Solana's speed and efficiency.
Whitepaper & Documents
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