cryptopromisespromises, checked
Dashboard

Raydium

RAY#117 by market cap

Not covered. The criterion it missed: no roadmap or documentation page linked from the homepage.

Hot: burn or buyback
#7of 27 automated market makersthe typical one is worth $29.18M#121of all coins by sizeworth $369.38M today51%of the supply still to come285.26M coins can still reach the market100.55Kpeople keep it on a watchliston CoinGecko, a measure of attention

Raydium is for trading without a middleman. We have not written its record yet, so its promises are not checked. It trades at $1.37, #121 of all coins by size, 92% below its highest ever price.

This week in the news: burn or buyback.

A real job, real backing. No dated promises on its pages. Nothing dated ahead. #7 of 27 automated market makers. 1 reason to be careful.

Is it real?

4 of 4tests passeda real job, real backing, something ahead, room to grow
1named backersGMCI Index
5 yearson the marketsince 12 September 2021
100.55Kpeople watch iton CoinGecko lists

Reasons to be careful:Half the supply still to come

ExpandCollapse

Passes all four

  • ✓A real-world jobReal-world purpose: trading without a middleman
  • ✓Real backingBacking: in the GMCI Index; trades on Coinbase, Crypto.com, Kraken
  • ✓Something aheadAhead: news this month about tokenization, upgrade
  • ✓Room to growRoom: worth $369.38M, 11 times smaller than Uniswap, the biggest coin within reach doing the same thing (Automated Market Maker (AMM))

In the GMCI Index

  • Origin12 September 2021about about 5 yearsraydium.io
  • DevelopersNot namedNeither Wikidata nor its listing names the foundersNo public code repository listed
  • BackingIn the GMCI IndexListed on Coinbase, Crypto.com, Kraken, Binance
  • Standing on the recordNo recordNo dated promise to judge yet46 headlines last month100,549 people keep it on a CoinGecko watchlistNo corrections needed so far
Why it is worth a look
  • Real-world purpose: trading without a middleman
  • Backing: in the GMCI Index; trades on Coinbase, Crypto.com, Kraken
  • Ahead: news this month about tokenization, upgrade
  • Room: worth $369.38M, 11 times smaller than Uniswap, the biggest coin within reach doing the same thing (Automated Market Maker (AMM))
The gap, and what to do

It is already worth more than the typical coin in Automated Market Maker (AMM) ($29.18M). To match the leader, Uniswap ($4.12B), its price would need to rise 1016%, to about $15.29.

Still to check

  • No dated promise on record yet, so delivery cannot be judged
  • No named investor among its tags

What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.

A gap is not a forecast. Most small coins never close it. The site never picks.

Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.

Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.

Does it deliver?

No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.

ExpandCollapse

Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it

What is next, and when?

Nothing dated has been found on its pages, so there is no date to wait for yet.

How big is it next to its rivals?

#7of 27 automated market makersthe typical one is worth $29.18M
$369.38Mworth todayprice × coins out
$29.18Mthe typical rival is worthAutomated Market Maker (AMM)
$4.12Bthe leader is worthUniswap
ExpandCollapse

Only coins within a hundred times its worth; a coin a thousand times bigger is another world

Trading without a middleman

121 coins tagged Decentralized Exchange (DEX), worth $32.69B together. #12 of 121 by worth.

Automated Market Maker (AMM): this coin against its direct competitors

  • CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
  • Raydium$369.38Mthis coin−3.1%49% outno record
  • Uniswap$4.12B11.2× bigger, +$3.75B+4.3%, gap +7.462% outnone dated
  • Pump.fun$1.68B4.5× bigger, +$1.31B−1.5%, gap +1.647% outnone dated
  • PancakeSwap$729.25M2.0× bigger, +$359.87M−0.7%, gap +2.480% outno record
  • Curve DAO$543.04M1.5× bigger, +$173.66M−0.5%, gap +2.651% outnone dated
  • Aerodrome Finance$538.82M1.5× bigger, +$169.44M−4.3%, gap −1.2no maxnone dated
  • Pendle$408.74M1.1× bigger, +$39.36M+4.8%, gap +7.9no maxnone dated
  • 1INCH$128.32M2.9× smaller, −$241.06M−2.0%, gap +1.194% outnone dated
Same job, different how

Automated Market Maker (AMM): this coin next to Uniswap, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.

Raydium says
Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX).
Uniswap says
Uniswap Labs runs a platform for trading and using different crypto products in one place.

Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.

What it is

Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX). Raydium has a first-mover advantage as an AMM within Serum and will be an integral part of bringing new and existing projects and protocols into the ecosystem.

Problem it says it solves: trading without a middleman. 121 coins are working on it and together they are worth $32,689,035,928. This coin is 1% of that.

Where it trades: Coinbase, Crypto.com, Kraken, Binance, OKX

Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.

Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.

What should make me careful?

1 reason to be careful

  • Half the supply still to come51% of the maximum supply is still to come
ExpandCollapse
Why is it this small?

Automated Market Maker (AMM): this coin next to the group's largest, Uniswap.

RaydiumUniswap
Years trading5 years6 years
Major exchanges78
Named backers05
Headlines, last month46117
Promises deliveredno recordno record

What it says is different: Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX). Raydium has a first-mover advantage as an AMM within Serum and will be an…

It is 9.0% the size of Uniswap. On the facts above it is behind on major exchanges, named backers. For that gap to close, the record would need deliveries showing up in its record. Nothing here says it will; the site does not predict.

Printed the same way as the reasons for: facts from the record, the tags and the market feed. Never a verdict, never the word sell.

The homework: the coin itself, the news, the record

The coin itself

$1.37price of one−3.1% today
92%below its highest ever$17 on 12 September 2021
49%of the supply is out269.74M coins
ExpandCollapse

The last 7 days

7 days ago: $1.08now: $1.37 (+24.6%)

Where today sits against its highest ever price

$1.37

Highest ever: $16.83 on 12 September 2021. Today is 8% of that.

49%

of all RAY that will ever exist is already out in public hands: 269.74M coins.

51% (285.26M coins) is already created but not in public hands, held by the project or locked in escrow. That is a majority. Those coins can be sold later, which can push the price down.

out held back. Each dot is 1%.

Perks on its own exchange

Fee discounts and access on the exchange that issued it. Its demand follows that exchange.

  • Fee discounts and access on the exchange that issued it
$1.37price of one
×
269.74Mcoins out
=
$369.38Mworth today, #121 of all coins

That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.

Basics
  • 49%of the maximum supply is in circulation: 269.74M of 555M.
  • 285.26Mcoins still to be released, 51% of the maximum. Releases can add selling pressure.
  • 2.1×fully diluted value versus today's market cap. The gap is coins not yet released.
  • 8%of its all-time high of $16.83 on 12 September 2021. That is −91.9% from the top.
  • #121by market cap, $369,380,767.
  • Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.

Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.

Real use, in dollars
  • $1.15B is locked in it right now

From DefiLlama, refreshed nightly. Fees are what people paid to use the thing; value locked is what they trust it to hold. Facts, not a score.

What the news says

46headlines, last monththat name this coin
0about governmentregulation, courts, central banks
ExpandCollapse

Headlines per day, last 30 days

46 headlines named this coin in the last month.

What they were about

  • Price23
  • Upgrade9
  • Tokenization2
  • Unlock2

Why it movedUp 25% this week. Headlines that name it: Raydium rally cools as tokenized-equity volume grows: Can RAY hold $1.4583? (AMBCrypto, 1d ago) Solana DeFi Landscape Shattered: Raydium Rises, Gas Fees Plummet, Meme Coins Flee to TRON (yellow.com, 1d ago)

In the news
What people are talking about, last month:

46 headlines in the last month.

Headlines are the publishers' own. News is never placed next to price.

The record itself

Not covered. The criterion it missed: no roadmap or documentation page linked from the homepage.

Pages savednot yetno roadmap page found
Promisesnone yetno record drafted
ExpandCollapse

Six facts, the project's own replies, its peers, contract facts, references and every stored copy