Sonic Labs has launched a new points program to drive DeFi growth and reward users. 

The S&P 500 gained 0.11%, led by utilities, financials, and materials, as lighter inflation eased yields. Focus shifts to December's inflation report and financial earnings. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 3.03%, with Bitcoin and Ether rising by 3.14%  and 3.24%, respectively in the past 24 hours.

Today's top performer is A8, which surged 29.7% following the launch of Ancient8 SuperApp V3, an all-in-one platform for simplified Web3 management.

Ancient8 (A8), founded in 2021, is a gaming-focused Ethereum Layer 2 network using Optimism and Celestia to enable fast, affordable EVM game development with community-driven developer support. 

, a streamlined platform for managing Web3 activities. It combines staking, token swapping, liquidity management, an NFT marketplace, cross-chain asset bridging, and game discovery into a single user-friendly interface. The app simplifies processes, enhances security, and helps users maximize the potential of their digital assets, catering to both newcomers and experienced users.

Check Out the Latest Prices, Charts, and Data of 

 a new points program to drive DeFi growth and reward users. The program includes three types of points: Passive Points for holding whitelisted assets, Activity Points for deploying assets as liquidity on apps, and App Points (Sonic Gems) for developers to distribute as rewards via their apps. The initiative also features an airdrop of 200 million S tokens and incorporates Rings, a yield-bearing stablecoin protocol that provides liquidity to DeFi apps. Sonic's points program offers a dynamic way for users and developers to enhance their DeFi experience while contributing to the growth of the platform.

Yesterday, the BTC Spot ETF data showed a total flow of $9.7 million, with $0.0 million from GBTC and $9.7 million from non-GBTC sources.

, offering participants a chance to receive tokens as part of the platform's decentralization journey. The airdrop rewards key contributors, including early adopters, active community members, and global partners. Registration is open until January 18, 2025, and participants can claim tokens before the Token Generation Event (TGE) in Q1 2025. Plume's mission is to build a unified onchain economy that connects real-world assets with crypto, and the airdrop is the first step toward that vision. More details and eligibility information can be found on their official website.

Beginner

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Sonic Labs Launches Innovative Points Program to Drive DeFi Growth and Reward Users

GAME by Virtuals (GAME) is a leading AI agent development framework enabling quick creation and deployment of autonomous agents for web3, gaming, and social media.

Few people will argue with the notion that 

 (AI) is the fastest-growing sector in the world of business. This also applies to the 

 industry. Within the broader AI field, however, there's one area that particularly stands out with its growth rates — the niche of 

. Self-contained, autonomous AI workers are growing increasingly popular on blockchains, with leading AI agent cryptocurrencies posting head-spinning price increases.

 (VIRTUAL) and several tokens related to the platform, including GAME by Virtuals (GAME). Leveraging the underlying Virtuals Protocol, GAME is a development framework that lets developers quickly build and deploy autonomous AI agents suitable for various transactional environments. The GAME framework allows AI agents to make complex decisions based on the information supplied, lifting the overall sophistication of such agents to an entirely new level.

Launched in October 2024, the GAME token has appreciated over 3,000% as of January 2025, entering the list of the top 10 AI agent cryptocurrencies by market cap.

 (GAME) is an AI agent development framework powered by the Virtuals Protocol. 

It lets developers quickly build modular, autonomous AI agents and deploy them to various environments, such as gaming, entertainment and social media platforms.

At the core level, GAME is supported by the Virtuals Protocol, a decentralized platform on the 

 Layer 2 chain that’s designed to power tokenized, co-owned AI agents with revenue-generating capabilities. Virtuals Protocol provides an environment for tokenizing and using AI agents for various use cases.

GAME by Virtuals supports low-code, efficient creation and management of AI agents that can easily be plugged into various web3 platforms and even interact in real time with other agents. By default, AI agents developed using the GAME framework are deployed as X (formerly Twitter) agents. In this capacity, they can serve varied purposes for crypto users and 

 (DApp) operators. This could include community building, market monitoring, news and trading signal aggregation, data collection and even API-based integration with external trading platforms.

Thanks to the framework's modular design, a GAME-based agent can include different functions that are easily plugged into and out of it. Additionally, GAME allows developers to create non–X AI agents from scratch to integrate into other environments, such as blockchain games, messaging networks like Telegram and other types of applications. In essence, the programming tool kit provided by GAME allows developers to specify sophisticated agent characteristics and autonomous behavior. For example, GAME-based autonomous agents might operate in gaming, virtual reality (VR) and virtual world applications, providing immersive experiences and carrying out complex tasks.

The development of X-based agents via GAME is a simplified process. Developers can utilize an Agent Sandbox, a test environment provided by the Virtuals Protocol, to specify the key characteristics of their AI agent on X. This is a streamlined way to quickly and efficiently launch a basic social media agent without having to create an agent token. 

After deploying the agent to X, developers can easily add or remove its functionalities to adapt the agent to their specific use cases.

For applications beyond X, developers can build an agent from scratch using the GAME framework's programming functions. In the project's terminology, this is called GAME-as-a-Service. Within this mode, the agent's decision-making rules and characteristics are specified via API calls. For those familiar with AI-based programming, GAME-as-a-Service provides a more powerful and flexible way to build AI agents, with high levels of functional sophistication, as compared to the Agent Sandbox.

To build and launch an AI agent, developers must specify three categories of attributes that define their agent’s behavior and autonomous decision-making: Agent Definition Prompts, High Level Planner (HLP) Context and Low Level Planner (HLP) Context.

— These include the agent’s goal, character card and world information. In essence, this trio of attributes determines the agent’s overall behavior, memory traits, personality, background, tweeting style and the specifics of its virtual environment.

— This high-level tool establishes the input information to provide a dynamic context for the agent's decisions.

— This is a set of instructions for the agent’s expected outputs to execute various actions and functions within its environment.

To build and deploy agents via GAME-as-a-Service, you’re expected to be familiar with technologies like JavaScript and JSON. The Virtuals platform also provides an agent-building software development kit (SDK) in Python.

The GAME by Virtuals framework’s associated crypto token is also known as GAME. As of early January 2025, the project has provided scant information regarding the token’s utility beyond its basic supply specifications. In general, AI agents launched via Virtuals Protocol are monetized using project-specific tokens. Thus, it’s expected that agents built via the GAME framework are monetized using the GAME token, and that the GAME token might also support additional use cases in the future.

For each token on the Virtuals Protocol, including GAME, there’s a corresponding liquidity pool in which each token is paired with VIRTUAL, the protocol’s native cryptocurrency. This facilitates monetization and trading opportunities for AI agents built using the framework.

The GAME token was launched on Oct 26, 2024 and features a maximum, total and circulating supply of 1 billion. Similar to VIRTUAL and other platform-specific tokens on the Virtuals Protocol, GAME has been issued on the Base blockchain.

You can buy the GAME token on Bybit’s Spot market as a trading pair (

Additionally, through Jan 23, 2025, 9AM UTC, you can take advantage of Bybit's campaign dedicated to the GAME token to grab a share of the 

. New users who complete basic identity verification can earn GAME rewards by accumulating a deposit volume of at least 500 GAME, or depositing at least 100 USDT and trading 100 USDT worth of GAME via their first trade using their Bybit account. Existing users can also qualify for rewards by trading at least 500 USDT worth of GAME on Bybit’s Spot market. The more you trade, the larger your share of the prize pool. 

As of Jan 15, 2025, the GAME token is trading at $0.1922, which is 51% lower than its ATH of $0.3918 on Jan 2, 2025, and 7,190% higher than its ATL of $0.002634 on Nov 20, 2024.

Long-term price forecasts for GAME are mostly bullish.DigitalCoinPrice 

 of $0.65 in 2027 and $0.99 in 2030, whileCoinCodex 

 at around $0.202 in 2027, and rise to $0.629 in 2030.

GAME isn't the only AI agent token on Virtuals Protocol. The protocol supports a variety of applications and use cases that focus on AI agent technology, each of which may have its own token. Excluding the main platform-wide cryptocurrency, VIRTUAL, the leading tokens within the protocol's ecosystem include 

As of Jan 14, 2025, GAME is the second-highest-ranked token in the Virtuals ecosystem by market cap, behind AIXBT, the token of the AI agent-based market intelligence solution AIXBT. However, if ranked by 

 (TVL), GAME is actually the top token on the protocol, with a current TVL of $24.85 million.

GAME by Virtuals is a convenient tool for blockchain developers to launch powerful AI agents — intelligent objects that can perform diverse functions on social media platforms, gaming environments and within a wide variety of other applications. Its framework makes it easy to create X-based agents, and for other platforms and more sophisticated needs a skilled developer has numerous functions and utilities within GAME to play with.

The crypto market also seems impressed with GAME by Virtuals, judging by the GAME token's early performance. As the AI sector, particularly its AI agent niche, continues to flourish and capture the business world's attention, the GAME framework is likely to find more use cases and eager adopters in the AI developer community.

Advanced

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GAME by Virtuals (GAME): Your Gateway to Advanced AI Agent Development

Bitcoin liquid staking is a DeFi mechanism that enables BTC holders to earn passive yields. Learn more about how it works in this article.

The rise of Bitcoin liquid staking marks a significant evolution in cryptocurrency yield generation. At the core of this innovation is Babylon, a non-custodial infrastructure that serves as the foundation for Bitcoin liquid staking protocols like Lombard and pSTAKE. By building on Babylon, these protocols enable BTC holders to earn staking rewards while maintaining liquidity, BTC holders to earn rewards while retaining their assets’ liquidity, bridging the gap between Bitcoin's store-of-value proposition and yield opportunities within 

This article explores how Bitcoin liquid staking works, examines its advantages and risks, and considers whether it’s worth trying. We also analyze the leading Bitcoin liquid staking platforms driving adoption in this rapidly growing ecosystem.

Bitcoin liquid staking is a DeFi mechanism that enables BTC holders to earn passive yields by participating in 

 (PoS) networks and receive tradable tokens that maintain their Bitcoin's liquidity and utility in the broader DeFi ecosystem.

Liquid staking protocols open new yield-bearing opportunities in the Bitcoin ecosystem. While Ethereum liquid staking generates yields through network validation rewards, Bitcoin liquid staking creates returns by securing other blockchain networks, and through 

 that expand the utility of BTC beyond its primary function as a store of value.

Bitcoin liquid staking operates through a straightforward process that bridges traditional Bitcoin holding with DeFi functionality. When users stake their Bitcoin, they interact with specialized DeFi protocols that generate yield while maintaining liquidity.

First, users deposit their Bitcoin into a liquid staking protocol, where it's securely stored using various methods, which can include multi-signature wallets or other security mechanisms depending on the platform.

Users begin by depositing their Bitcoin into their chosen liquid staking protocol, which secures deposits through various methods like 

 or other security mechanisms. In return, they receive 

 (LSTs) representing their staked BTC on a 1:1 basis.

These LSTs can be used across various DeFi applications while the underlying Bitcoin works to secure PoS networks through protocols such as 

. The staking rewards are generated through point systems, protocol incentives or network fees, depending upon the specific Bitcoin liquid staking platform used.

, users' staked Bitcoin helps secure their networks. Rewards are typically distributed daily through the protocol's native tokens, which users can claim while holding their LST positions.

The unstaking process is equally straightforward — users can redeem their LSTs for their original Bitcoin whenever they choose, subject to any applicable unbonding periods or protocol-specific conditions.

Bitcoin liquid staking offers unique opportunities for yield generation, but it comes with its own set of risks that investors should carefully evaluate.

The Bitcoin liquid staking landscape offers diverse options for BTC holders seeking yield opportunities. Following are the top platforms.

Lombard transforms Bitcoin into a yield-generating asset through its LBTC token on Ethereum, with over $1.5 billion in 

 (TVL). The protocol integrates with established DeFi platforms like Morpho, Pendle and Symbiotic, enabling LBTC holders to access lending, borrowing and 

 opportunities. A 5% fee applies to staking rewards.

Following a successful private beta that attracted $230 million from over 4,000 institutional and individual users, Lombard has entered its public beta. Lombard maintains strict security standards through regular audits and a self-custodial model, ensuring LBTC remains fully backed by Bitcoin at a 1:1 ratio.

Recently launched by the Core Foundation, LstBTC is an 

 blockchain. The protocol enables daily rewards in CORE tokens through a dual staking model, whereby users can stake both Bitcoin and CORE tokens for enhanced yields.

Since its launch in April 2024, Core has attracted over 5,500 BTC (around $500 million) in staked assets and built a comprehensive 

 ecosystem. The protocol leverages Bitcoin 

 power for security, with about 55% of miners contributing to network stability.

 integration, allowing users to earn rewards from Layer 2 activity. The protocol converts deposited BTC into stBTC tokens for DeFi applications, enabling its users to earn daily Lightning Network routing fees without managing node infrastructure.

With over 105 active channels and the capacity to process over 18,000 

 (TPS), Stroom Network is secured by established validators, such as P2P.org and Allnodes. Stroom' 

 structure and multisig system ensure decentralized governance while managing Lightning Network integrations.

Babylon is an infrastructure protocol that enables Bitcoin holders to secure PoS networks through BTC staking without requiring 

 or third-party custody. The protocol has accumulated nearly 24,000 BTC in its ecosystem since launching in 2024.

Babylon’s platform prioritizes security through its innovative timestamping protocol, and partnerships with established validators like P2P.org. Though offering more conservative yields than competitors, Babylon's self-custodial model and robust security features have attracted institutional users seeking to put their Bitcoin to work while they maintain control of their assets.

 simplifies BTC yields through Bitcoin staking on Babylon's infrastructure. With over $35M in TVL, the platform offers two core offerings: a fixed-yield earn product (similar to Bybit Earn) accessible to all users and a Bitcoin LST, called YBTC, that offers tailored Bitcoin yield solutions to institutions.

Users can earn staking rewards from Bitcoin-secured networks by staking native BTC through 

. YBTC, a yield-bearing ERC-20 token on Ethereum backed 1:1 by BTC, connects with BNB Chain, Corn, B Squared, and Bitlayer through LayerZero integration.

Institutions can use YBTC in the BTCfi ecosystem to generate additional yields from DeFi protocols focused on restaking, yield farming, and more. PSTAKE — the protocol's incentivization, governance, and staking token — trades on exchanges like Bybit and can be staked on the Base L2 chain to earn Bitcoin rewards for participating in protocol and community activities.

Bitcoin liquid staking is worth considering if you:

Before participating, investors should carefully evaluate platform security, understand the technical aspects of liquid staking and assess their 

. Additionally, smart contract vulnerabilities and LST price fluctuations present real risks that need to be considered against potential rewards.

Choose a platform that aligns with your expertise level and goals. Established protocols like pSTAKE suit experienced DeFi users, while newer participants might prefer user-friendly platforms, such as Core's LstBTC. Start with smaller amounts of assets to familiarize yourself with the mechanics before committing significant capital.

Bitcoin liquid staking represents a significant evolution in Bitcoin's utility, offering holders new ways to earn yields while participating in the broader DeFi ecosystem. While the technology and protocols are still being developed, growing market adoption and continued innovation suggest a promising future for the Bitcoin liquid staking sector.

Intermediate

bitcoin liquid staking.png

Bitcoin Liquid Staking: New Yield Opportunities for BTC Holders

BlackRock has launched the iShares Bitcoin ETF (IBIT) on Cboe Canada, offering Canadian investors access to Bitcoin through brokerage accounts.

The S&P 500 rose 0.16% as focus shifts to inflation data and earnings reports from major banks. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 0.16%, with Bitcoin and Ether dropping by 1.14%  and 4.65%, respectively in the past 24 hours.

Today's top performer is AAVE, which surged 4.3% after the announcement of Aave and GHO's expansion across networks for broader integration.

Aave (AAVE), founded in 2017, is a decentralized lending platform on Ethereum for lending, borrowing, and earning interest on 17 cryptocurrencies. It uses smart contracts, collateral for loans, and aTokens for interest, along with features like instant loans. Aave is 

 to multiple networks, with ARFCs passed for Linea, Celo, and World Liberty Finance, while Sonic, Mantle, BOB, and Rootstock are in earlier stages. GHO stablecoin is also growing, with expansions to Avalanche and Base already approved. Aave and GHO aim for widespread integration.

 the iShares Bitcoin ETF (IBIT) on Cboe Canada, offering Canadian investors access to Bitcoin through brokerage accounts. The ETF mirrors Bitcoin's price performance by investing in the U.S. iShares Bitcoin Trust ETF, which holds long-term Bitcoin assets. This launch highlights BlackRock’s focus on innovation and simplifying Bitcoin exposure by addressing operational and custody complexities. Cboe Canada, known for pioneering financial products, emphasizes its role in expanding the crypto ecosystem. IBIT and IBIT.U join seven other iShares ETFs on Cboe Canada, enabling investors to trade via standard investment channels.

Yesterday, BTC Spot ETFs experienced outflows totaling $313.6M, including $89M from GBTC and $224.6M from non-GBTC sources.

 its governance token, $ANIME, in January 2025 with a total supply of 10 billion (7.69 billion initially circulating). Community allocation is 50.5%, including 2% for Hyperliquid stakers, Kaito yappers, and Arbitrum users. Completing Azuki's points tasks might help with eligibility for the airdrop.

BlackRock Launches iShares Bitcoin ETF on Cboe Canada for Simplified Crypto Access

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