$1.62

Raydium is an automated market maker and liquidity provider on the Solana blockchain, designed to work with the Serum decentralized exchange. It differs from other AMMs by supplying on-chain liquidity to a central limit order book, meaning funds deposited are turned into limit orders on Serum's books. This gives liquidity providers access to Serum's order flow and existing liquidity. The RAY token serves as the platform's native utility, used for staking to earn fees, receiving IDO allocations, and participating in governance.

Raydium's mainnet launched on February 21, 2021, with 555 million tokens created at genesis. Of that total, 34% is allocated for liquidity mining incentives, distributed over three years. Another 30% is reserved for partnerships and ecosystem growth, including grants for projects building around Raydium. These tokens are typically locked for one year and then unlock gradually over the following two years.

AlphaRay leads strategy, operations, product direction, and business development. With a background in algorithmic trading of commodities, he moved into crypto market making and liquidity in 2017. After exploring DeFi in 2020, he identified a need for an order book AMM and assembled a team of experienced developers. XRay serves as Chief Technology Officer, bringing eight years of low-latency systems architecture experience. GammaRay oversees marketing and communications, also contributing to strategy, with prior experience in data analytics and corporate marketing.

RAY can be purchased on several exchanges that offer both crypto and stablecoin trading pairs. The most liquid platforms include Raydium's own exchange and gate.io.