Lens, now live on mainnet, offers a complete platform for building SocialFi apps with fast, scalable transactions and low-cost fees using the GHO stablecoin.

Daily top performer — Nillion Network (NIL)

The S&P 500 futures fell 4%, extending last week’s 9.1% drop, as tariff tensions and global retaliation rattled markets. Gold slips to $2,985 as investors raise cash amid a stock selloff, but safe-haven demand may limit further downside. CoinDesk Indices, which tracks the broader crypto market, dropped 8.72% in the past 24 hours, Bitcoin rose 0.10%, while Ether dropped 0.29%. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is NIL, up 6.0%, following the launch of Nillion's Secret Vault, which empowers secure AI collaboration for sensitive data.

Nillion (NIL), founded in 2021, enables secure, decentralized data processing using cryptographic methods like blind computation, protecting privacy without exposing raw data—ideal for AI, DeFi, and healthcare. Nillion has 

 its Secret Vault, enabling AI agents to securely store and access sensitive data using natural language. This integration allows agents to collaborate on tasks like medical diagnoses while ensuring privacy and confidentiality, making it ideal for sectors such as healthcare and finance.

Check out the latest prices, charts, and data of 

 on mainnet, offers a complete platform for building SocialFi apps with fast, scalable transactions and low-cost fees using the GHO stablecoin. It provides pre-built social primitives like accounts, feeds, and groups, along with Grove, a user-controlled, on-chain storage solution. The Developer Dashboard simplifies app creation, user onboarding, and integration, even without coding expertise. Lens supports a range of use cases, from social networks to DeFi applications, with built-in distribution, customizable features, and seamless integrations with DeFi tools like Uniswap and Chainlink. It emphasizes user-owned data and provides robust developer support for faster app launches.

BTC spot ETFs saw a net outflow of $190.2M for the week ending April 4, 2025, driven by $95.5M from GBTC and $94.7M from other ETFs. Despite the weekly loss, cumulative flows since inception remain positive at $36.2B, with $58.8B into non-GBTC ETFs offsetting $22.6B in GBTC outflows.

 for its DePIN project, aiming to improve on-demand physical goods production with decentralized technology. The network recently partnered with Sui and uses Walrus for decentralized storage. The 3DOS Points Program is live, allowing users to run a node for free and earn points, potentially leading to an airdrop. To participate, users need to register, verify their email, and connect to the network using a browser extension. Additional points can be earned through limited-time tasks.

Beginner

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Lens launches mainnet with complete platform for building scalable socialfi apps

In this step-by-step guide, we dive into how overseas Chinese users can register and trade on Bybit, one of the leading cryptocurrency exchange with a fully localized interface.

Bybit is a top-tier cryptocurrency exchange with a fully localized interface. Users can easily navigate the platform and access a variety of trading options, including spot trading, 

 of up to 100x. The platform offers a user-friendly experience with streamlined order execution and robust risk management tools. We provide clear step-by-step guides, so even those who are just beginning their crypto investment journeys can trade with confidence and efficiency.

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 65 million users globally. Retail traders choose Bybit for its seamless and intuitive trading experience, while institutional clients rely on its deep liquidity and robust security framework. Recognized for its user-friendly interface, advanced trading features, and strong security measures, Bybit is a trusted platform for trading cryptocurrencies, gold, forex, and other commodities.

Chinese users residing outside mainland China can sign up on Bybit using their mainland Chinese ID or passport. It is important to note that Bybit does not permit trading in the Chinese yuan (CNY).

: Register using an email address or phone number. After registering, complete the identity verification process by providing the required identification documents. Once it is done, you will be prompted to fund your account.

Bybit offers multiple methods to fund your account:

Bybit's platform is fully localized for overseas mandarin users, offering a seamless trading experience.

Exploring other features for overseas Chinese users

Exciting events for overseas Chinese users

Bybit is committed to engaging with our users through a variety of innovative and rewarding events. One event that just ended is the 

, where participants earned points by completing a range of activities — from trading challenges to educational quizzes. These points could be redeemed for attractive prizes, including cash rewards and luxury items, such as a Mercedes-Maybach car. Look out for our next event in Q2 2025 for more exciting rewards.

 tailored to overseas Chinese users, offering exciting rewards to boost their trading experience.

Bybit offers a robust, secure and user-friendly trading platform to meet the unique needs of overseas Chinese users. Our fully localized interface, combined with a diverse range of trading options — from spot and derivatives trading to staking and savings — help our users participate with confidence in the crypto market. 

Moreover, our exciting events — such as our Mandarin livestreams and Fortune Rewards Festival — also enhance the overall trading experience by rewarding active participation. We remain dedicated to supporting our community through continual innovation and educational initiatives so that our platform evolves alongside global crypto trends. 

 so you can explore Bybit’s extensive features and join our upcoming events to elevate your trading journey.

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How to trade on Bybit for overseas Chinese users

While stablecoins and cryptocurrencies both utilize blockchain technology, their fundamental purposes and characteristics significantly diverge. Learn more.

Volatility is the one thing that traders both fear and adore. If you’re somewhat familiar with the crypto market, you’ll know that 

 can be a double-edged sword in the arena that is crypto trading. From dizzying highs to staggering lows, gains and losses can be made in an instant, thanks to the inherent volatility within the crypto space. Fortunately, digital assets such as 

 aim to mitigate this risk by providing a more dependable alternative within the crypto trading ecosystem.

 are, and that they’re typically used as a means to facilitate crypto trading, there’s certainly more than meets the eye with this type of pegged asset. From their unique role in decentralized finance (

) protocols to their place in the ever-changing regulatory landscape, this article will explore how stablecoins compare to other cryptocurrencies — and what awaits them in the future.

Stablecoins are digital assets designed to maintain a stable value by being pegged to an underlying asset, such as a fiat currency, commodity or basket of cryptocurrencies. 

Unlike traditional cryptocurrencies, which are generally volatile, stablecoins aim to provide price stability. This makes them particularly useful for facilitating trades, payments and remittances, and as a store of value during market fluctuations.

The stability of stablecoins also bridges the gap between traditional finance (TradFi) and 

. For example, sending money internationally using a stablecoin such as 

 avoids costly bank wiring fees and administrative delays associated with banks.

The mechanisms of each stablecoin peg vary depending upon their type.

Stablecoins thus offer a reliable medium of exchange in the volatile crypto market, making them increasingly popular among businesses and individuals alike.

In their broadest definition, cryptocurrencies are decentralized digital assets that use cryptography for security and operate on blockchain technology. 

Unlike stablecoins, cryptocurrencies derive their value from market dynamics, rather than being tied to an external asset. With the end goal of eliminating intermediaries such as banks, cryptocurrencies allow users to transact directly with one another in a 

 (P2P) fashion. This decentralization is a core principle of cryptocurrencies, one of many values that aim to empower crypto users with greater financial autonomy and control.

Popular cryptocurrency projects and their use cases

Some of the most well-known coins and tokens include the following.

These cryptocurrencies have diverse use cases, ranging from investment opportunities to powering blockchain ecosystems.

Unlike traditional stocks and equity, cryptocurrencies lack an external anchor for their value. Their prices fluctuate based on the factors listed below.

While this volatility presents risks, it also offers significant growth potential for investors willing to navigate these fluctuations strategically.

Stablecoins vs. cryptocurrencies: similarities and differences

You might be wondering why we’re comparing these two seemingly different asset classes. One is a bastion of price stability and certainty, while the other is primarily associated with volatility and speculation. While they both exist within the realm of digital assets and utilize blockchain technology, their fundamental purposes and characteristics diverge significantly. However, they also share certain commonalities that warrant a closer examination.

Shared characteristics between stablecoins and cryptocurrencies

At their core, both stablecoins and cryptocurrencies share foundational traits.

Stablecoins and cryptocurrencies both exist as digital assets, meaning they’re represented electronically and rely on digital infrastructure. This shared digital nature allows for fast, borderless transactions and integration with online platforms.

A significant portion of stablecoins and cryptocurrencies utilize blockchain technology. This shared foundation provides transparency, security and immutability.

While their degree of decentralization varies, stablecoins and cryptocurrencies can operate on decentralized networks. Cryptocurrencies such as Bitcoin are designed to be highly decentralized, with no central authority. Some stablecoins (like Dai) also strive for increased decentralization. However, many fiat-backed stablecoins are more centralized in nature.

Stablecoins and cryptocurrencies both have the potential to facilitate cross-border transactions without the need for traditional intermediaries such as banks. This can result in faster, cheaper and more accessible international payments, particularly for individuals and businesses in regions with limited access to traditional financial services.

Both stablecoins and cryptocurrencies play crucial roles in DeFi. They’re used for lending, borrowing, trading and providing liquidity on DeFi platforms, enabling users to access financial services without relying on traditional institutions.

Stablecoins and cryptocurrencies both utilize cryptographic techniques to secure transactions and ensure the integrity of their networks. Cryptography protects against unauthorized access, 

Ultimately, these shared features make both asset types attractive to individuals seeking financial independence from centralized institutions.

Key differences between stablecoins and cryptocurrencies

The primary distinctions between these two digital assets lie in their value mechanisms, functionality and overall adoption.

Stablecoins are specifically designed to maintain a stable value, usually by being pegged 1:1 to a fiat currency like the US dollar. This inherent stability makes them suitable for predictable transactions and as a temporary store of value. In contrast, other cryptocurrencies are typically characterized by high price volatility, driven by speculation, open market supply and demand and broader economic news. This volatility presents opportunities for profit, but carries substantial risk.

The primary roles of stablecoins are to serve as a stable medium of exchange within the digital asset ecosystem, act as a 

 against the volatility of other assets and facilitate trading and/or DeFi activities. Conventional cryptocurrencies often serve a wider range of purposes, including speculative investment, potential long-term store of value (like Bitcoin) or as the native token to power DApps and networks.

A fundamental difference between stablecoins and cryptocurrencies lies in determining how their values are maintained. Stablecoins rely on mechanisms like holding equivalent reserves of the pegged asset, or using algorithms to control supply and demand to sustain their link. Conversely, the values of other cryptocurrencies are generally determined by dynamic market forces, without a direct peg to external real-world assets.

Stablecoins are facing intense and increasing regulatory scrutiny worldwide, as exemplified by frameworks like the 

, now in effect, and ongoing discussions in the US, such as those potentially related to proposals like the previously discussed 

 (GENIUS) Act. Regulatory focus is primarily on reserve adequacy, issuer responsibilities and potential systemic risks. The regulatory landscape for other cryptocurrencies is more varied and fragmented across jurisdictions, leading to a complex global patchwork that continues to evolve.

Due to their design, stablecoins generally have lower volatility risk as compared to other digital assets. However, they carry distinct risks related to the reliability of their pegs, the solvency and transparency of the issuers and evolving regulations. On the flip side, cryptocurrencies carry high market risk due to their inherent price volatility.

By understanding these similarities and differences, individuals can make informed decisions about how to utilize these digital assets within their trading strategies.

When deciding between stablecoins and cryptocurrencies, there is no definitive answer as to which is better. Each serves a unique purpose, and their suitability depends upon your financial goals, 

 and intended use. To make an informed decision, it’s essential to weigh the trade-offs between stability and growth potential in order to gauge which works best for your long-term trading and/or investing objectives.

Evaluating stability vs. growth potential

Stablecoins and cryptocurrencies occupy opposite ends of the risk spectrum. Stablecoins are designed to minimize volatility, making them ideal for individuals or businesses seeking predictability in value. Their price stability makes them particularly useful for payments, remittances and storing value during turbulent market conditions.

On the other hand, cryptocurrencies like Bitcoin or Ether are inherently volatile, but offer significant opportunities for capital appreciation. Their value fluctuates based on market demand, investor sentiment and technological developments. For those willing to embrace risk in pursuit of higher returns, cryptocurrencies may be the preferred choice.

Ultimately, the decision hinges on your personal objectives and deciding whether you’re actively trading or focused on a long-term portfolio.

The future of stablecoins and their expanding role in finance

Stablecoins are increasingly seen as a crucial component bridging traditional financial systems and the burgeoning digital asset ecosystem. Their core function is to maintain a stable value, typically by pegging to reserve assets like fiat currencies or commodities. Considering that they’re expected to play a pivotal role in transforming global financial systems by merging the efficiency of digital currencies with the reliability of fiat money, here are some ways they may influence global finance.

Stablecoins and cryptocurrencies represent two sides of the same coin (no pun intended) within the digital asset ecosystem. While stablecoins offer reliability through price stability, cryptocurrencies provide opportunities for innovation and growth. Understanding these differences is essential for navigating the crypto space effectively.

As blockchain technology advances and global adoption grows, these two asset types will play complementary roles in reshaping finance. Whether you seek stability or growth potential, there’s no doubt that crypto is driving us toward a more inclusive financial future.

Intermediate

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Stablecoin vs. crypto: Balancing stability with growth potential

Apr 7, 2025: Our weekly Institutional Insights explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

 explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

Weekly highlight — Fed not ready to adjust rates 

Federal Reserve Chair Jerome Powell emphasized that the central bank will not rush to respond to the Trump administration's tariffs or the resulting market turmoil stemming from fears of a global economic downturn. At a conference in Virginia, he acknowledged that tariffs could significantly impact the US economy, leading to slower growth and higher inflation. However, he stated that the Fed will wait for more clarity before considering interest rate cuts.

With inflation still elevated, Powell stressed the Fed's responsibility to prevent a temporary price surge from evolving into a persistent inflation issue. Julia Coronado, President and Founder of MacroPolicy Perspectives, noted that due to current inflation levels, the Fed is not as well positioned to offer economic support as during previous trade disputes.. Even if rate cuts become necessary, they’re likely to be delayed and cautious.

Following Trump’s announcement of new tariffs, stocks fell sharply, with the S&P 500 facing its worst week since the COVID-19 lockdowns. Economists have raised concerns that these tariffs could lead to a recession, prompting increased speculation about the timing of potential rate cuts. Powell's recent comments marked a shift from his earlier stance that inflation effects from tariffs would be short-lived.

He reiterated the Fed's commitment to maintaining stable long-term inflation expectations and acknowledged the uncertainty surrounding the tariffs' economic impact. Despite signs of deteriorating consumer sentiment and business spending, Powell argued that definitive data has yet to emerge.

As the Fed prepares for its next meeting, futures markets have adjusted expectations regarding rate cuts. Powell's remarks suggest that a preemptive rate cut is unlikely before assessing the broader economic implications of the recent tariffs.

Weekly crypto highlight — Bitcoin’s resilience amid tariffs’ induced volatility

On Apr 2, 2025, Donald Trump announced aggressive U.S. tariffs: a universal 10% on all imports, with specific rates of 34% on China, 24% on Japan and 20% on the European Union (EU), while notably exempting Russia. This policy shift triggered significant volatility in both traditional and cryptocurrency markets. The announcement’s timing, just after US stock markets closed, appeared strategically timed to limit immediate reaction.

The next day, the S&P 500 fell over 5.1% and the Nasdaq Composite dropped more than 5.6%, reflecting investor fears of economic disruption and rising inflation. This was the fifth-worst trading day of the 2020s, reminiscent of Black Thursday in March 2020. In contrast, Bitcoin showed resilience, trading at around $81.7K, only a 6% decline from its recent low, indicating that investors may see cryptocurrencies as hedges against geopolitical uncertainties.

Trump framed the tariffs as the start of a "Liberation Day," introducing a two-tier system: the universal tariff effective April 5, with reciprocal tariffs on about 60 countries starting April 9. This approach aims to counteract existing tariffs on U.S. goods, compelling nations and regions like China, Japan and the EU to reconsider their trade policies.

Asian countries face severe impacts, with tariffs as high as 49% on Cambodia and 48% on Laos. Supporters view these tariffs as negotiation tactics, challenging nations to accept favorable trade terms or incur higher export costs. Trump argues this will lead to fairer trade conditions, while critics warn of potential retaliatory tariffs, increased costs for American consumers and broader economic uncertainty.

The success of this policy depends upon whether nations opt for cooperation over confrontation. Proponents believe nations will negotiate to avoid losing access to the lucrative US market, potentially boosting US jobs and profits.

Amid this turmoil, Bitcoin has shown surprising stability, holding at around $80K despite traditional market volatility. Its drawdown was significantly less severe than that of major stock indices, suggesting it may be viewed as a safe haven during economic uncertainty.

Factors contributing to Bitcoin’s resilience include its decentralized nature, which insulates it from traditional market shocks, and growing acceptance as a legitimate asset class. Continued institutional interest, driven by entities such as Strategy and BlackRock, reinforces its appeal.

In conclusion, Bitcoin's strength amid tariff-induced volatility underscores its potential as a digital asset, and signals a growing acceptance among investors seeking stability in uncertain economic times. This could signify a pivotal shift within the world’s financial landscape toward viewing cryptocurrency as a mainstream financial instrument.

Advanced

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Weekly Institutional Insights: Tariffs rattle market as Bitcoin holds better than TradFi

Altcoins

Crypto

Fast, cheap, and scaleable, Raydium could well become the catalyst for DeFi evolution. Get the lowdown on the AMM and its token RAY here.

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 market is growing at a rapid pace, it’s still considered to be in its infancy, with developers in the space finding themselves face-to-face with several challenges. First, DeFi transactions tend to be slow and expensive: for example, Ethereum’s blockchain is saturated, and depositing ETH within a liquidity pool will set you back over $100. Second, liquidity pools are fragmented between different protocols which compete with one other. And finally, without an order book, the trading experience is limited: not only are you unable to place limit orders, but you’re also obliged to provide liquidity on either side of an exchange pair. Rising to the occasion is Raydium, which provides excellent solutions to combat these limitations.

The main advantages of an AMM built on Solana are speed and affordability. In addition, Raydium interacts directly with the Solana ecosystem and with Serum for greater liquidity. 

The enthusiasm around DeFi is an indication of the growing interest in DEXs operating the AMM model. DEXs such as 

 are attracting an increasing number of investors. Despite having only been launched in February 2021, Raydium has gained significant popularity — and for good reason.

In financial markets, liquidity isn’t only provided by traders. Market makers are also responsible for compensating for the lack of organic liquidity. They help to ensure smoother exchanges by providing liquidity in a dynamic manner. 

An automated market maker (or AMM) is a protocol that ensures the liquidity of a digital market, especially in crypto exchanges. An AMM is a decentralized exchange that automatically sets an asset’s purchase and sale price. AMMs are widely used within predictive markets (e.g., Augur and Gnosis), and in decentralized finance protocols, such as Uniswap. Different algorithms are used, depending on the types of markets. In the 

 (DeFi) world, AMMs ensure access to liquidity via liquidity pools. Unlike in conventional trading, there are no order books. Instead, assets are traded with a liquidity pool, an aggregate of liquidity provided by users of the protocol.

Three agents are involved in these protocols:

RAY is the native utility token of the Raydium ecosystem. Its initial supply, launched on February 21, 2021, was capped at 555 million tokens. The development team was allocated 20% of the total supply, locked for up to three years so developers cannot sell them. One-third of the supply of RAY tokens (188 million) can be mined. Block rewards are projected to be halved every six months. At the same time, 0.03% of the transaction fees made on the platform will be sent as a reward to stakers. 

Here’s how the RAY tokens are distributed:

The RAY token allows its holders to generate interest and intervene (albeit in a limited way) in the governance of the protocol. RAY holders generate interest (0.03% of trading fees) via staking. 

RAY also allows you to participate and vote on proposals and amendments for its community. RAY token owners can vote on the issues submitted to the community. The amount of RAY a user owns determines the voting power they have.

Raydium is an AMM that has two fundamental properties. First, it provides access to Serum’s order book. Second, its algorithm is based on a constant function, CFAMM (constant function automated market maker). Note that its architecture is anchored within Solana and Serum. 

Constant function AMM algorithms, also known as “constant products,” use a function that ensures that each asset in the token reserve remains constant, regardless of the trades made.

Raydium’s AMM model uses the constant function K = Y * X. 

X and Y represent the number of tokens in mining and liquidity reserve tokens, and K is the constant product. 

Any two tokens are considered stateless in the AMM, meaning there is no information regarding their current prices or values; hence the exchange can provide infinite liquidity to traders. Raydium uses this equation with the price data from the order books to provide a maximum of 20 orders with various prices with spreads as low as 20 basis points. Using the constant product ensures that the transactions are cheaper. 

Raydium’s core innovation is the use of an order book within its AMM. Raydium uses the 

, which is based on a major innovation, the proof of history (PoH). This consensus offers several advantages:

Serum’s order book is entirely on-chain, and this integration benefits both ecosystems. Raydium’s liquidity pools can feed Serum’s order book, and vice versa (i.e., Serum users can access Raydium liquidity pools). Raydium uses its liquidity pools to strategically place its orders in Serum’s backlog. The objective is to establish a reliable order match and a fair price for the asset traded.

To add liquidity to a pool, you need two tokens. Both tokens have to be deposited at equal value in a pool. In exchange, you receive LP (liquidity provider) tokens, which represent your participation in the pool.

Raydium distributes liquidity in the order book at different prices and in different quantities, according to market demand. Specifically, the protocol relies on the 

 sequence to place up to 20 orders at a time. In the future, Raydium will integrate other liquidity-providing models into its architecture, notably through the use of 

One classic feature of any AMM is the ability to exchange assets with others on the fly. With Raydium, this process is quick and fuss-free. 

Like any AMM, Raydium features Swap, an essential tool in DeFi, and it couldn’t be easier to use. With Swap, you can exchange two tokens by first selecting the token you already have, followed by the token that you want. This is the first milestone in the use of DeFi and 

. Depending on your needs, you can swap all the tokens you have, or only a portion of them. 

Thanks to Solana’s technical capabilities, the ecosystem built around the Raydium project offers a decentralized, liquid, and inexpensive trading experience. Raydium achieves this dynamic perfectly by combining Serum’s order books with their AMM protocol. 

Raydium rewards liquidity providers with 0.03% of all 

. Raydium issues a token that allows the percentage of the pool that each user owns to be traced. 

Yield farming allows anyone to invest their tokens by taking advantage of the best returns of DeFi. You can, of course, deposit your newly acquired LP tokens in pools before maximizing your yield. This process is called yield farming, or liquidity mining. When a liquidity provider (LP) provides liquidity on the platform, Raydium issues an LP token representing that particular LP’s share in a pool. Some pools decided by the Raydium community can farm these tokens to return RAY tokens as a reward. Projects can also encourage users by adding RAY tokens to a pool to be distributed in exchange for holding their native tokens.

To bring liquidity to Raydium, you’ll need a functional Solana wallet for the tokens you want to place in the liquidity pools. There’s now a native version of USDT on Solana. So, if you want to transfer USDT to a Solana wallet, you can withdraw your USDT from your wallet at no cost. Once your wallet has enough USDT, you need to connect it to Raydium in order to proceed with the next step.

If you want to farm the RAY/USDT pair, you’ll need an equal amount of RAY and USDT tokens. To participate in yield farming, you’ll need LP tokens acquired in the previous step to deposit in the farm pool, corresponding to the tokens you’ve already deposited. You can then start farming tokens. Note that these tokens aren’t blocked, and can be withdrawn at any time.

 Before you begin farming, it’s important to read and fully understand the mechanics of 

, lest you be taken by surprise upon your exit from any pool. 

The AcceleRaytor feature has been added to the Raydium platform, serving as an outlet for new projects to further expand the Solana ecosystem. Thanks to this system, projects that collect initial liquidity and sufficient capital can easily complete their launch. AcceleRaytor adds all carefully selected token pre-markets to its platform to enable a fair and decentralized output. 

Raydium’s AcceleRaytor, much like PancakeSwap’s IFO (Initial Farm Offering), allows projects to launch and raise funds directly on their protocol. The AcceleRaytor offers the possibility for project leaders linked to Solana to have access to financing quickly and efficiently. It was designed to operate based on a two-pool model, which rewards projects that take advantage of the program. The model allows project access to a wider crypto community while rewarding RAY token holders.

As mentioned above, Raydium is built on the Solana blockchain, allowing it to interact seamlessly with other DApps in the Solana ecosystem. It benefits from the Serum decentralized exchange’s fast trading, shared liquidity, and other features. Raydium’s customizable user interface displays a 

 worthy of the best traditional exchange platforms, while embedding a module dedicated to Raydium. This allows limit or stop orders to be placed.

Raydium uses PoH to ensure the security and continuity of the network, resulting in one of the lowest costs per transaction in the crypto sphere.

There are several ways for Raydium users to participate in the community and earn RAY tokens. One of these is 

, through which community members get rewarded for completing interactions on social media and taking part in content creation challenges. 

There are also exclusive Raydium team groups, where dedicated community members become “RAYgional Ambassadors.” These ambassadors earn RAY coins on a monthly basis for their contributions. A few examples of contributions include creating and translating content, and interacting with social media users.

Yes, Raydium is scalable. To understand why, we need to look at how Solana and Serum work, because Raydium’s architecture and AMM functionality are tied to both Solana and Serum.

Solana is a powerful and permissionless blockchain that tries to solve the scalability problem 

. This makes Solana a good go-to for DApps that require a high data rate. Solana relies on a new PoH timestamp algorithm, which automatically strings together transactions that take place within a fraction of a second.

However, the scalability of Solana is made possible primarily thanks to Solana’s Sealevel. This is Solana’s 

 environment, which makes it possible to modify the state of the blockchain according to the instructions programmed within autonomous contracts. Unlike its predecessors, however, Solana can execute tens of thousands of smart contracts in parallel.

 (EVM), the instructions form a stack, of which only a single contract can change the state of the blockchain at a time. This is not the case with Solana as overlapping transactions can be executed simultaneously, while transactions that require the same state of the blockchain can also be executed in parallel.

As of this writing, the RAY coin is trading at $9.46, down from its all-time high of $16.94 which was recorded on September 12, 2021.

At the time of this writing, Raydium has a 

 of approximately $661 million from a total 

 of 69,899,584 RAY. It has large daily trading volumes, with a 24-hour trading volume of about 100 million RAY.

There is a 0.25% transaction fee when trading or making swaps on the Raydium platform. 0.22% is deposited back into the liquidity pool and used as a reward for liquidity providers. The remaining 0.03% is sent to users that are staking the RAY token. Although Raydium users enjoy the hybrid of 

, they don’t incur the maker and taker fees that centralized crypto exchanges usually charge. 

Like most decentralized exchanges, Raydium doesn’t charge any transfer or withdrawal fees, other than network fees. Network fees are paid to miners of the relevant crypto/blockchain, not to the exchange itself. Note that the network charges vary from day to day, depending on network demand.

DEX servers are distributed all over the world. This is different from centralized exchanges, which normally have geographically concentrated servers. The global distribution of DEX servers reduces the risk of server downtime and makes DEXs virtually immune to attack. If one of the servers ever gets compromised, the impact on the entire network would be minor or even nil. 

If you trade on a centralized exchange, you normally hold assets on it until you remove them from your private wallet. A centralized exchange can be hacked, and your funds that are held on that exchange can therefore be stolen. Fortunately, this isn’t the case when it comes to DeFi exchanges like Raydium. If you trade on a DEX, the exchange itself never touches your assets. Thus, even if a hacker were to successfully infiltrate the exchange, they wouldn’t be able to access your assets.

Raydium’s PoH algorithm embeds transaction histories into their data to confirm that a transaction has actually taken place. This may sound a bit complex, but essentially, timestamps are embedded in the transactions via a “verifiable delay function.” This determines which transactions have already been executed before publication on the network.

As with any blockchain, Raydium’s transactions are hashed and used as input for the next transaction. This results in a clear, 

 sequence of transactions, which can no longer be changed by the one-sided hash functions afterward.

 to store RAY tokens. The best example is the 

. You can also store your RAY tokens in the software wallets provided by crypto exchanges on which RAY is listed. 

As one of the top cryptos in the market, most leading crypto exchanges list RAY crypto as an option. You can also buy RAY directly from their official website.

Provided the popularity of DEXs continues to rise, the future of Raydium remains bright. Unlike other AMMs, Raydium provides on-chain liquidity to a central limit order book. This means that funds deposited into Raydium are converted into limit orders, which then sit on Serum’s order books. This is different from other AMMs found on the Ethereum blockchain. 

In addition to being fast, inexpensive, and able to access Serum’s order book, Raydium offers some enticing features. It combines the advantages of both decentralized and centralized exchanges.  Raydium offers the possibility of setting different order types when trading. It also introduces a new system of yield farming, 

, which means you’ll receive farming rewards in both RAY, as well as the project token for the pool you’re staking. In addition to earning RAY, this allows users to receive interest in the two tokens of the pair they choose. The APR rates of the tokens are added together to make a final percentage. Thanks to Solana’s processing of transactions, it can place manifold data in a transaction in communication with exchanges, thus doubling the platform’s speed. 

Although Raydium has been around for less than a year, it’s managed to reduce the gap between centralized and decentralized exchanges. Thanks to the speed of the Solana blockchain and the liquidity of Serum, the Raydium platform can process 65,000 transactions per second, with blocks created in a mere 400 milliseconds. By offering a plethora of DeFi services and allowing users to earn constant passive income through staking and participating in liquidity pools, Raydium is poised for exponential growth.

What Is Raydium (RAY)? The Only Guide You Need

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards