Convert and Swap Raydium RAY to United States Dollar USD
RAY/USD: 1 Raydium equals $4.46 USD
Raydium (RAY) is not tradable on Coinbase.
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Last update: 6:08 AM, December 23, 2024
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Raydium is falling this week.
The current price of Raydium is $4.46 per RAY. With a circulating supply of 290,888,823.959 RAY, it means that Raydium has a total market cap of $1,299,948,049.25. The amount of Raydium traded has fallen by $8,818,341.58 in the last 24 hours, which is a 11.59% decrease. Additionally, in the last day, $76,094,144.23 worth of RAY has been traded.
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About Raydium
RAY is a Solana token that powers the Raydium network. Raydium is an Automated Market Maker (AMM), decentralized exchange (DEX) and a token launchpad platform hosted on the Solana blockchain. The RAY token offers users many uses, including earning protocol fees, staking and receiving allocations to token launch events.
Raydium is an automated market maker (AMM) and liquidity provider that operates on the Solana blockchain for the Serum decentralized exchange (DEX). It distinguishes itself from other AMMs by providing on-chain liquidity to a central limit order book. This means that funds deposited into Raydium are converted into limit orders that sit on Serum's order books. This unique approach allows Raydium liquidity providers to access all of Serum's order flow and existing liquidity. Raydium's native utility token, RAY, is used for staking to earn protocol fees, receiving IDO allocations, and voting on protocol decisions.
Raydium operates by converting funds deposited into it into limit orders that are placed on Serum's order books. This process allows Raydium to provide on-chain liquidity to a central limit order book, a feature that sets it apart from other automated market makers. The RAY token, which is the native utility token of Raydium, is used for various functions within the platform. These include staking to earn protocol fees, staking to receive IDO allocations, and participating in governance votes on protocol decisions.
Raydium aims to serve as a bridge between existing decentralized finance (DeFi) platforms and the Serum decentralized exchange. By providing on-chain liquidity to a central limit order book, it seeks to enhance the functionality and efficiency of the DeFi space. The RAY token, which is integral to the Raydium ecosystem, can be used for staking to earn protocol fees, receiving IDO allocations, and voting on protocol decisions. This makes it a versatile tool for users who wish to engage with the platform and benefit from its features.
Raydium was launched on February 21, 2021, with 555,000,000 tokens created at genesis. The project was spearheaded by AlphaRay, who leads overall strategy, operations, product direction, and business development for Raydium. AlphaRay, who has a background in algorithmic trading in commodities and market making and liquidity providing for cryptocurrency, assembled a team of experienced trading developers to create Raydium. Other key team members include XRay, Raydium's Chief of Technology and Dev Team leader, and GammaRay, who heads up marketing and communications.
How Raydium and United States Dollar differ
Raydium (RAY) and the US Dollar (USD) are fundamentally different in their nature and functionality. Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain, aiming to bridge the gap between decentralized finance platforms and the Serum decentralized exchange. It operates by converting deposited funds into limit orders on Serum's order books, providing on-chain liquidity to a central limit order book. Its native utility token, RAY, is used for staking to earn protocol fees, receiving IDO allocations, and participating in governance votes. On the other hand, the US Dollar is a traditional fiat currency issued by the Federal Reserve, used for everyday transactions and as a global reserve currency. Unlike Raydium, it doesn't operate on a blockchain, doesn't have staking capabilities, and isn't used for governance votes. The value of USD is regulated by monetary policy and economic factors, while RAY's value is influenced by market dynamics within the cryptocurrency ecosystem.
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RAY to United States Dollar conversion tables
The exchange rate of Raydium is increasing.
The current value of 1 RAY is $4.46 USD. In other words, to buy 5 Raydium, it would cost you $22.32 USD. Inversely, $1.00 USD would allow you to trade for 0.22 RAY while $50.00 USD would convert to 11.20 RAY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 15.41%. Meanwhile, in the last 24 hours, the rate has changed by 3.67%, and that the the highest exchange rate of 1 RAY to United States Dollar was $4.57 USD and the lowest 24 hour value was 1 RAY for $4.21 USD. This time last month, the value of 1 RAY was $6.07 USD, which is a 25.31% increase from where it is now. Looking back a year, Raydium has changed by $1.87 USD.
RAY to USD performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
$4.30 USD | 3.67% | $5.33 USD | -15.41% | $6.07 USD | -25.31% | $1.87 USD | 131.09% |
RAY to USD
Amount | Today at 6:08 am |
|---|---|
0.5 RAY | $2.23 |
1 RAY | $4.46 |
5 RAY | $22.32 |
10 RAY | $44.64 |
50 RAY | $223.18 |
100 RAY | $446.37 |
500 RAY | $2,231.85 |
1,000 RAY | $4,463.70 |
USD to RAY
Amount | Today at 6:08 am |
|---|---|
0.5 USD | 0.11 RAY |
1 USD | 0.22 RAY |
5 USD | 1.12 RAY |
10 USD | 2.24 RAY |
50 USD | 11.20 RAY |
100 USD | 22.40 RAY |
500 USD | 112.01 RAY |
1,000 USD | 224.03 RAY |
Today vs. 24 hours ago
Amount | Today at 6:08 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 RAY | $2.23 | $2.15 | +4.03% |
1 RAY | $4.46 | $4.29 | +4.03% |
5 RAY | $22.32 | $21.45 | +4.03% |
10 RAY | $44.64 | $42.91 | +4.03% |
50 RAY | $223.18 | $214.55 | +4.03% |
100 RAY | $446.37 | $429.10 | +4.03% |
500 RAY | $2,231.85 | $2,145.48 | +4.03% |
1,000 RAY | $4,463.70 | $4,290.96 | +4.03% |
Today vs. 1 month ago
Amount | Today at 6:08 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 RAY | $2.23 | $3.03 | -26.38% |
1 RAY | $4.46 | $6.06 | -26.38% |
5 RAY | $22.32 | $30.32 | -26.38% |
10 RAY | $44.64 | $60.63 | -26.38% |
50 RAY | $223.18 | $303.16 | -26.38% |
100 RAY | $446.37 | $606.33 | -26.38% |
500 RAY | $2,231.85 | $3,031.64 | -26.38% |
1,000 RAY | $4,463.70 | $6,063.29 | -26.38% |
Today vs. 1 year ago
Amount | Today at 6:08 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 RAY | $2.23 | $0.93 | +139.01% |
1 RAY | $4.46 | $1.87 | +139.01% |
5 RAY | $22.32 | $9.34 | +139.01% |
10 RAY | $44.64 | $18.68 | +139.01% |
50 RAY | $223.18 | $93.38 | +139.01% |
100 RAY | $446.37 | $186.76 | +139.01% |
500 RAY | $2,231.85 | $933.80 | +139.01% |
1,000 RAY | $4,463.70 | $1,867.59 | +139.01% |
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