RAY (Raydium) rose 5.16% in the last 24 hours.

Gate News Bot message, September 11, according to CoinMarketCap data, as of the time of this report, RAY (Raydium) is currently priced at $3.50, rising 5.16% in the last 24 hours, with a high of $3.50 and a low of $3.15. The 24-hour volume reached $103 million. The current market capitalization is approximately $939 million, an increase of $46 million compared to yesterday. Currently, RAY ranks 84th in the global crypto assets market capitalization.

Raydium is an automated market maker (AMM) and decentralized exchange (DEX) platform based on the Solana blockchain. It provides users with DeFi services such as token swaps, liquidity provision, and yield farming. Raydium's interface is simple and intuitive, supporting trading of multiple tokens, and enhances liquidity and trading efficiency through deep integration with Serum.

Important news about RAY recently:

1️⃣ LaunchLab Platform Function Upgrade Raydium has officially launched USD1 trading pair support on its LaunchLab platform. This move significantly expands the trading capabilities of the platform, providing users with more diverse trading options. As an important part of the Raydium ecosystem, this upgrade is expected to attract more users to participate, potentially enhancing the overall liquidity of the platform.

2️⃣ Positive signals for the development of the Solana ecosystem As one of the main DEX protocols in the Solana ecosystem, Raydium's ongoing innovation reflects the active development of the Solana ecosystem. The introduction of the USD1 trading pair is not only beneficial for Raydium itself but may also bring positive effects to the entire Solana DeFi ecosystem, attracting more developers and users' attention.

3️⃣ User Experience Optimization The addition of the USD1 trading pair support indicates that the Raydium team is continuously focusing on user needs and is committed to optimizing the trading experience. This user-oriented product strategy helps to enhance user engagement and may lead to a more stable user base and volume in the long term.

From a technical perspective, the 5.16% rise in the RAY price over the past 24 hours may be partially driven by this positive news. However, investors still need to closely monitor the overall market trends and potential risks.

This message is not an investment advice; investors should be aware of the market volatility risks.