We present a complete guide to understanding Raydium (RAY) Crypto and it’s technology in the field of cryptocurrency development. We include helpful explanations, illustrated guides, historical data, and technical details. This article is brought to you by Digital Financial Market
Raydium Crypto Tutorial
Raydium (RAY) Cryptocurrency
Raydium is a Solana-based decentralized exchange (or DEX), a revolutionary platform that allows users to buy and sell cryptocurrencies directly with each other over the blockchain, without the need for a central authority or intermediary.
With a DEX like Raydium, you have the power to set your own trading fees and choose from a variety of order types, giving you greater control and flexibility in your trades. Many Solana-based projects base their funding, tokens, listings, and liquidity on Raydium.
Key Points of Raydium
- Solana-based Decentralized Exchange (DEX)
- Token RAY operates on the Solana Blockchain
- Most Popular DEX and Liquidity Pool for Solana
Raydium (RAY) Price Chart
Raydium (RAY) Historical Price Chart
Raydium Liquidity Pool Hacked for Exploit of over $2 Million
On December 16th, 2022, a bad actor had infiltrated the admin privileges of the Raydium Liquidity Pool v4 and subsequently drained over $2 Million of paired cryptocurrency tokens.
See Official Raydium Article on Liquidity Pool Exploit
Raydium Discontinues Orderbook Due To Serum Collapse
Dec. 4th 2022
The orderbook interface for Raydium was operating on Serum, a platform which was a part of FTX during the bankruptcy of 2022. As of December 2022, the Raydium devs officially discontinued the tool as they noted that Serum developers are no longer supporting the project.
This had little negative affect, as Raydium components are not reliant on Serum. However the surrounding Solana crash has been more relevant in causing RAY tokens price drop throughout 2022.
To this day, that orderbook isn’t missed, the Raydium ecosystem is still growing.
Raydium Crypto FAQ
What is Raydium Crypto?
What is Raydium Coin?
What is RAY Coin?
What is RAY Crypto?
How Do I Use Raydium Coin?
How Do I Use RAY Coin?
How Do I Use Raydium Crypto?
How Do I Use Raydium?
How To Use Raydium
Why Is Raydium So Popular?
When Was Raydium Hacked?
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