• Crypto Lists
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Altcoin
  • Advertise With Us
  • Join our Telegram Community
Newsletter
ItsBlockchain
  • Bitcoin
    Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

    Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

    Bitcoin ETFs could have the same result as CME group futures launch in 2017

    Bitcoin ETFs could have the same result as CME group futures launch in 2017

    featured image

    How Bitcoin can be hacked?

    keep bitcoin safe

    Keep Your Bitcoins Safe: All You Need to Know About Crypto-Cyberthreats

    featured image

    Bitcoin IRA – Everything You Need to Know

    A trillion dollar tsunami is about to hit Bitcoin

    A trillion dollar tsunami is about to hit Bitcoin

    featured image

    Why Bitcoin will always be the number one cryptocurrency? Explained

    Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

    Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

    On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

    On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

    Trending Tags

    • Crypto Gems
    • NFT
    • DEFI
    • Crypto Lists
    • Altcoin
    • Crypto Market
    • Guide
    • IBC Capital
    No Result
    View All Result
    • Bitcoin
      Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

      Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

      Bitcoin ETFs could have the same result as CME group futures launch in 2017

      Bitcoin ETFs could have the same result as CME group futures launch in 2017

      featured image

      How Bitcoin can be hacked?

      keep bitcoin safe

      Keep Your Bitcoins Safe: All You Need to Know About Crypto-Cyberthreats

      featured image

      Bitcoin IRA – Everything You Need to Know

      A trillion dollar tsunami is about to hit Bitcoin

      A trillion dollar tsunami is about to hit Bitcoin

      featured image

      Why Bitcoin will always be the number one cryptocurrency? Explained

      Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

      Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

      On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

      On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

      Trending Tags

      • Crypto Gems
      • NFT
      • DEFI
      • Crypto Lists
      • Altcoin
      • Crypto Market
      • Guide
      • IBC Capital
      No Result
      View All Result
      ItsBlockchain
      No Result
      View All Result
      Home Crypto Gems

      Crypto Gems Series Part 4: Raydium

      Hitesh Malviya by Hitesh Malviya
      August 12, 2021
      in Crypto Gems
      0 0
      0
      crypto gem raydium
      145
      SHARES
      1.8k
      VIEWS
      Share on FacebookShare on Twitter

      As the crypto market grows, perhaps the most exciting aspect of it is DeFi and particularly, DEXes. In that context, Raydium is certainly a crypto gem worthy of our attention. An automated market maker (AMM) developed on the Solana blockchain, Raydium executes trades using the Serum decentralized exchange’s (DEX) central order book. Raydium’s swap function enables users to exchange tokens via Serum, and its user interface also supports other trading features such as limit orders. In this post, we discuss everything about Raydium from how it started to how it is doing in the crypto market!

      Raydium Background: The Team and Advisors

      The team behind Raydium boasts of over two decades of working in arenas like in market making and high-frequency trading in both crypto world and conventional markets. The creation of  Raydium started in the summer of 2020 by the team. The team includes: 

      • AlphaRay

      AlphaRay is in charge of Raydium’s complete strategies and business growth. AlphaRay saw a market demand for an order book AMM to aggregate liquidity after jumping into DeFi in the summer of 2020, and with the launch of Serum, assembled a team of successful trading developers to begin creating Raydium to meet the market demand.

      • XRay

      Raydium’s chief technology head is XRay. Raydium’s required frameworks and infrastructure are designed by X.

      • GammaRay

      GammaRay is in charge of marketing and communications, as well as strategy and product development of Raydium.

      • StingRay

      StingRay works as a senior developer and supervised the development of Raydium’s on-chain order book AMM.

      • RayZor

      RayZor is in charge of keeping all the Raydium’s capital protected.

      Technology Architecture

      Due to Ethereum’s notoriously sluggish transaction pace and high gas prices, it’s quite challenging to incorporate efficient trading applications. Users would find it challenging to profit from any of the platforms as a result of this. Raydium enters the picture at this point. Raydium differs from other AMM platforms in many ways. A central limit order book can benefit from on-chain liquidity provided by the platform. 

      Developed on the Solana blockchain, the platform can tap into the Serum DEX’s central order book, allowing for lightning-fast trades, mutual liquidity, and a variety of yield-generating functionality. Despite the fact that Raydium is based on Solana, the platform will be Ethereum compatible. 

      The platform can currently handle 65,000 transactions per second with block times of 400 milliseconds. The protocol was created to measure hardware and bandwidth upgrades in combination. Raydium also employs the K = Y*X constant equation. This equation has unique characteristics that make it stateless for any kind of two tokens, enabling users to trade with infinite liquidity. Raydium can use this equation to price orders on the order book using the Fibonacci series, resulting in up to 20 orders at different prices with spreads that are as low as 20bps.

      This is a better way to fit all of the exchange instructions into a single Solana transaction. Furthermore, Raydium anticipates that other liquidity-providing models will be used in the future, getting the benefit of oracles and increased liquidity consumption.

      Features of Raydium are mentioned below –

      • Swap Feature – Raydium’s swap feature enables two tokens to be easily exchanged via Serum, and the DEX UI also supports more sophisticated trading features including limit orders. Users would have a more enhanced trading experience as a result of these changes. 
      • RAY – You can receive RAY tokens in a variety of ways on the website. So cultivating liquidity pools and staking will be two of the ways to receive RAY tokens! In fact, several other features for users to gain RAY would be soon put on Raydium!
      • Powering Project – Raydium can help you start your project on the Serum DEX or build out and supercharge features of your platform on Solana, and would be interested to talk about collaboration!

      Benefits of using Raydium are:

      • Quick and less expensive – The network is capable of achieving transactions quicker than Ethereum and with gas charges which are a fraction of the price by using the Solana blockchain.
      • Ecosystem-Wide Liquidity – Raydium can add on-chain liquidity to the Serum DEX’s central limit order book. As a result, Raydium will give the entire Serum ecosystem exposure to the order flow and liquidity!
      • Interfaces for Trading– Traders who would like to display TradingView charts, place limit orders, and have more authority on their trading can use the trading interface.

       Competitor Analysis

      Raydium has many competitors in the market such as UniSwap, PancakeSwap, Pangolin.

      Token Economics

      The RAY token is considered as Raydium’s default token. There are only 555 million RAY tokens available. The emissions would last approximately 36 months, which gets halved every six months. The following is the complete distribution:

      • Mining Reserve is distributed with 34% RAY
      • Partnership & Ecosystem is distributed with 30% RAY
      • Team (1-3 Year Lockup) is distributed with 20% RAY
      • Liquidity for AMM at Launch is distributed with 8% RAY
      • Community Pool (1 Year Lockup) is distributed with 6% RAY
      • Advisors (1-3 Year Lockup) is distributed with 2% RAY

      A transaction fee of 0.25 percent will be charged if you make a trade or execute a swap on Raydium. The remaining 0.22 percent goes back into the liquidity pool as an incentive for liquidity providers. The remaining 0.03 percent will then be sent to the staking pool as a reward for users who stake RAY tokens.  (Source: Raydium Gitbook)

      On major cryptocurrency exchanges, as of mid-May 2021, one Raydium (RAY) is worth approximately $14.73 or 0.00025106 BTC. In US dollars, the total amount (or market capitalization) of all available Raydium is $612.77 million. You can exchange RAY tokens on platforms such as Bonfida, FTX, Gate.io etc. 

      Fundraising History

      Just a year old in the crypto sphere, Raydium has raised an undisclosed amount from Petrock  Capital on a minority stake. Raydium itself has been active in the investing arena, having invested in Solana position tracking tool StepFinance.

      Raydium has also introduced Fusion Pools, that provide dual-yield incentives for both liquidity suppliers and stakers, and its position as a bridge for ventures looking to extend to Solana and Serum is assured.

      Milestone and Future Roadmap 

      Raydium recently hit a milestone of $1 Billion  on TVL. Its future roadmap is fairly exciting, covering the following: 

      • Q1 2021 will involve developing liquidity pools and cross chain swap, launching mainnet, platform, official website
      • Q2 2021 will involve researching more on market making strategies and features in collaboration with different protocols
      • Q3 2021 will involve ideation of governance models along with partners.

      Conclusion

      Since the cryptocurrency market is highly unpredictable and difficult to forecast over time, researching the fundamentals and development of Raydium is critical before deciding to invest some amount of money for the long term with the intention of keeping for months or years.

      Hitesh Malviya

      Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
      Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.

      IBC-Transparent-Logo-(1)

      Subscribe To Our Newsletter

      Join our mailing list to receive Cryptocurrency investing and trading recommendations to your mailbox.

      You have Successfully Subscribed!

      Share58Tweet36Share15

      Subscribe to get notified on latest posts.

      Unsubscribe

      Related Posts

      nervos network

      Nervos Network: An Open-Source Blockchain Protocol With PoW at Its Core

      by Hitesh Malviya
      August 11, 2021
      0

      The Nervos Network is an open-source public blockchain platform and a collection of protocols. The protocol was formed with the...

      moonswap

      Moonswap : Community Driven Next generation AMM protocol

      by Hitesh Malviya
      July 6, 2021
      0

      If you’re familiar with the DeFi space, you’ve probably heard of AMMs, or automated market makers. They are one of...

      crypto gem swarm network

      Swarm Network: Enabling the Creation and Management of Digital Assets

      by Hitesh Malviya
      June 7, 2021
      0

      Another one is ItsBlockchain’s crypto gem series, the Swarm Network is a decentralized autonomous organization (DAO) made up of folks...

      phala network

      Phala Network: The Key to the World of Privacy

      by Hitesh Malviya
      June 4, 2021
      0

      Phala Network is a cross-chain interoperable confidential smart contract network that is specially built for decentralized apps and services which...

      Crypto Gem Series Part 3: Flamingo Finance

      Crypto Gem Series Part 3: Flamingo Finance

      by Hitesh Malviya
      May 13, 2021
      0

      After Nexus Mutual, the next in our Crypto Gem series is Flamingo Finance. Built on the NEO blockchain, Flamingo Finance...

      Load More

      About Us

      We curate the best cryptocurrency projects with the intention of adding value for investors through the process of selecting, organizing, and looking after different projects available in the cryptocurrency market.

      • Trending
      • Comments
      • Latest
      featured image

      List of leading partners of Ripple, and How they use XRP?

      February 2, 2021
      Top 5 upcoming Token Airdrops (Step-by-Step Guides)

      Top 5 upcoming Token Airdrops (Step-by-Step Guides)

      November 22, 2022
      Lens Protocol: Everything You need to Know

      Lens Protocol: Everything You need to Know

      November 18, 2022
      Modular Blockchains: The Next Big Thing in Web3

      Modular Blockchains: The Next Big Thing in Web3

      December 12, 2022
      featured image

      List of ChainLink Partnerships which skyrocketed the growth of LINK cryptocurrency

      February 2, 2021
      What Blockchain Can Learn From Barnes & Noble and the Jacksonville Jaguars

      What Blockchain Can Learn From Barnes & Noble and the Jacksonville Jaguars

      January 17, 2023
      Top 15 NFT influencers on Twitter you should follow right now

      Top 15 NFT influencers on Twitter you should follow right now

      September 28, 2021
      What Blockchain Can Learn From Barnes & Noble and the Jacksonville Jaguars

      What Blockchain Can Learn From Barnes & Noble and the Jacksonville Jaguars

      January 17, 2023
      RINO Enterprise Wallet launches free Community Edition

      RINO Enterprise Wallet launches free Community Edition

      January 14, 2023
      Top 5 DeFi Projects on Tezos

      Top 5 DeFi Projects on Tezos

      December 26, 2022
      Modular Blockchains: The Next Big Thing in Web3

      Modular Blockchains: The Next Big Thing in Web3

      December 12, 2022
      A Dummy’s Guide to Ethereum Rollups

      A Dummy’s Guide to Ethereum Rollups

      November 30, 2022
      Tezos Blockchain is Always Under the Radar but Continues to Excel

      Tezos Blockchain is Always Under the Radar but Continues to Excel

      November 22, 2022
      Lens Protocol: Everything You need to Know

      Lens Protocol: Everything You need to Know

      November 18, 2022
      • Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        29613 shares
        Share 11834 Tweet 7397
      • A Mysterious Bitcoin Whale who sold 3000 Bitcoins at 58K$, Bought back 3521 Bitcoins in the last three days

        9924 shares
        Share 3969 Tweet 2481
      • Top 10 Low market cap altcoins to invest in 2021

        7256 shares
        Share 2901 Tweet 1813
      • Top 10 NFT Crypto Projects You Should Know

        7254 shares
        Share 2618 Tweet 1637
      • List of leading partners of Ripple, and How they use XRP?

        5973 shares
        Share 2389 Tweet 1493
      ItsBlockchain

      We are India’s first and oldest Blockchain & Cryptocurrency publication platform started in 2016. We are a one-stop destination for technical analysis, cryptocurrency recommendations, and Blockchain technology resources.

      Buying Guides

      • Buy Bitcoins in India
      • Buy Bitcoins in China
      • Buy bitcoins in Russia
      • Buy Bitcoins in Japan
      • Buy Bitcoins in Turkey

      Important Links

      • Home
      • About US
      • Privacy Policy
      • Promote Your ICO
      • Submit post

      Follow Us

      Contact us

      support@itsblockchain.com

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      No Result
      View All Result
      • Bitcoin
      • Crypto Gems
      • NFT
      • DEFI
      • Crypto Lists
      • Altcoin
      • Crypto Market
      • Guide
      • IBC Capital

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      Login to your account below

      Forgotten Password?

      Fill the forms bellow to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.