Raydium
RAY#90RAY is the token of Raydium, a Solana exchange that uses part of its trading fees to buy back RAY.
- Market cap
- $530.66M
- Volume 24h
- $55.92M
- All-time high
- —
- Circulating supply
- 269.86M of 555M
Passes our 8 Shariah criteria. Needs caution: business model.
- 7 pass
- 1 caution
- 0 fail
Verdict history
- HalalCurrent
First publication
Fundamentals, market picture and news will appear here.
About Raydium
RAY is the token of Raydium, a Solana exchange that uses part of its trading fees to buy back RAY.
Raydium is an automated market maker on Solana: users swap tokens against liquidity pools, and liquidity providers earn most of the trading fees. Raydium also runs LaunchLab, a launchpad where new tokens trade on a bonding curve before moving to a Raydium pool, and Raydium Perps, a separate perpetual futures venue with leverage of up to 100x powered by Orderly Network.
RAY is the native token. 12% of trading fees from Raydium pools are used to buy back RAY, which the protocol holds at a public address. Holders can stake RAY in the app for RAY rewards paid from the mining reserve. RAY is not needed to trade on Raydium.
Supply is capped at 555 million RAY and the mint authority is disabled. Team and seed tokens finished vesting in February 2024, and about 1.9 million RAY a year is still released from the mining reserve.
Sources · 7
AI-assisted analysis checked against sources. Not a fatwa or investment advice.
Key facts
- Consensus
- Hosted by a company
- Max supply
- 555,000,000 RAY
What it is used for
- Staking for RAY rewards
- Liquidity in Raydium pools
- Value support through fee-funded buybacks
- Spot trading on exchanges
Market data
- Market cap
- $530.66MRank #90
- Fully diluted value
- $1.09BAt 555M RAY
- Volume 24h
- $55.92M10.54% of market cap
- Total supply
- 555M RAYIssued so far
- All-time high
- —
- All-time low
- —
- Circulating supply
- 269.86M RAY48.6% of max supply
- Max supply
- 555M RAYFixed by protocol
Where it trades
Section in preparation
Similar halal assets
Halal verdict, same category