Your cart is currently empty!
RAY Basic
- Symbol: RAY
- Platform Name: Raydium
- Parent Chain: Solana
- Application: DEX, Exchange
- Category: DEX
- Mechanism: PoS
- listing date: 22 Feb 2021
- ATH Mcap: $1.13 B
- Max Supply: 555,000,000
RAY Analytics
Ecosystem
| Mcap/TVL | 0.46 |
| Chains supported | 1 |
| DEX vol share (of all) | 7.5% |
| Solana DEX share | 53% |
Token Liquidity
| Token Volume/Mcap | 2% |
| Volatility | 3.8% |
| Circulating | 47% |
DEX stats
| DEX-VOL/Mcap | 120% |
| DEX-VOL/TVL | 43% |
| LPs | 13,500+ |
RAY Backers
PetRock Capital
Investor
Raydium Community
Community
RAY Advantages
- Large TVL
Raydium has a good TVL that is 2 times more than its marketcap.
- Active Ecosystem
Raydium has an active ecosystem with more than 13,500 LPs. More than half of Solana’s decentralized transactions are happening on Raydium.
- Solana main DEX
Raydium by having more than half of volumes and TVL on solana chain is the main Solana DEX. Raydium beat its competitors in last cycle, we should see its reaction with new ones (Jupiter & Orca, even Meteora seems to become something)
- Big share of DEX Market
Although its share is around 7.5%, but after Uniswap (30%) and Pancakeswap(16%) raydium has the 3rd place. Raydium should be aware of Orca that is very close to its position.
- Good Community
Raydium by having more than 340k followers on X has a good community. (But not good enough to improve its rank)
RAY Disadvantages
- Competitive situation
It seems Solana is always a competitive platform for its DEXs. This won’t allow Raydium to focus on other chains competitors (Uniswap, Pancakswap). For now raydium must defend its place as the 1st DEX on Solana.
- Single Chain
Raydium only support Solana chain, Adding other chains can provide opportunity to get benefit from their LPs, TVL and transaction volume.
Categories: Token
Leave a Reply