Raydium is an automated market maker (AMM) on Solana that uses a central limit order book to enable fast trades, shared liquidity, and yield earning. Despite being an AMM, Raydium uses a central order book for ecosystem-wide liquidity. The project was introduced in 2021 by anonymous developers.
Raydium provides on-chain liquidity through a central limit order book from Serum, another DEX on Solana, but improves on Serum and gives traders more control of their trades. Raydium uses a stateless equation for infinite liquidity and Fibonacci sequence for pricing orders. Liquidity providers can earn rewards from trading fees, and new projects can create trading markets with immediate liquidity. Raydium intends to partner with other DeFi and AMM communities to bring more liquidity and faster, more efficient DeFi protocols to the ecosystem. The platform has its own launchpad called AcceleRaytor.
RAY's total supply: 555,000,000
RAY's circulating supply: 185,631,183
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