Raydium (RAY) is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX). Unlike other AMMs, Raydium provides on-chain liquidity to a central limit order book meaning that funds deposited into Raydium are converted into limit orders that are held on the Serum order book.

About Raydium (RAY) TOKEN

Data and Information

Raydium is an Automated Market Maker (AMM) built on the Solana blockchain, which works to facilitate decentralized trading of digital assets. By combining liquidity from liquidity pools managed by liquidity providers and Serum’s order book, Raydium offers a fast and low-cost trading experience.

Users can lock their assets in liquidity pools to participate in trades, and in return, they receive RAY tokens that can be staked to earn additional cryptocurrency.

The Raydium development team, known by their pseudonym, started the project in 2020 with the aim of addressing challenges in the existing DeFi system. They designed an innovative solution and collaborated with Serum, allowing the use of liquidity from both platforms.

With features like “dual reward farming,” Raydium incentivizes liquidity providers to contribute more, creating a more dynamic and rewarding ecosystem for users.

For more information, visit the official website Raydium (RAY) at https://docs.raydium.io/raydium

Crypto Asset Ranking Information

As of 1 Oktober, 2024 the CoinMarketCap ranking of Raydium (RAY) is #127, with a market cap of USD 499,974,438 It has a circulating supply of 263,807,954 RAY and a maximum supply of 554,999,214 RAY

How to Buy Raydium (RAY) on INDODAX 

Now that you’ve discovered more about Raydium (RAY) , you can start investing in (RAY)  easily and securely on INDODAX. 

You can access INDODAX via the INDODAX Mobile App, which can be downloaded from the App Store or Google Play Store, or by visiting the INDODAX website.

To buy Raydium (RAY) crypto asset on INDODAX, follow the steps below:

1. Register on INDODAX if you are not yet an INDODAX Member or login to your INDODAX account
2. Then, deposit by reading how to make a deposit below
3. After making a successful deposit and the balance has been credited to your INDODAX account, visit the INDODAX market
4. Search for Raydium (RAY)  in the IDR market, and click to visit the crypto asset page
5. On the crypto asset page, enter the balance and desired Raydium (RAY) purchase price, or buy instantly at the current price
6. Next, you should wait for the price to increase for some time
7. Once the price increases, your assets can be sold at a higher price with the Instant method
8. If you use the Limit method to sell, make sure to place a sell order after purchasing the asset and enter a higher sell number

INDODAX also offers other features than trading, such as INDODAX Earn which allows you to lock crypto assets and earn interest rewards, and INDODAX OTC for large crypto transactions in a more personalized and secure way.

Let’s invest in Raydium (RAY) on INDODAX now!