RAY token
Overview
RAY is the native utility token of Raydium, an automated market maker (AMM) and liquidity provider built on the Solana blockchain. It is used for governance voting, staking to earn a share of protocol fees, and as a medium of exchange within the Raydium ecosystem.
Within the DeFi Intel graph, RAY connects to 6 tracked entities, most strongly to Solana, Raydium, Raydium.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 6 of 6 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Solana | 95% |
supports_token | Raydium | 95% |
governed-by-token | Raydium | 95% |
issued_by | Raydium | 95% |
supports_token | Raydium AMM | 95% |
governs | Raydium | 90% |
Frequently asked questions
What is RAY?
RAY is the native utility token of Raydium, an automated market maker (AMM) and liquidity provider built on the Solana blockchain.
What chain is RAY deployed on?
RAY is deployed on the Solana blockchain.
What is RAY used for?
RAY is used for governance voting, staking to earn a share of protocol fees, and as a medium of exchange within the Raydium ecosystem.