Distributed Crypto Trading Engine Raydium has bidded on the hundreds of dollars of Solana and has grown traction.
Raidium’s advancement to providing these high -temperature derivative contracts a few weeks ago -Cryptographers can guess the price fluctuation without holding the actual tokens, but already $ 100 million every day. We are increasing the amount of transaction.
Now, this is the third most popular venue in Solana to replace Jupiter, the trading heavyweight of this ecosystem, and the purple behind the drift. Despite the raydium perps eggplant, it grows. The constructor did not pour marketing capital to promote trading tools that have not been officially released.
“The Raydium brand is still packed with punches,” said INFRARAY, the center of the project.
The push cap caps the superiority of Raidium to the top of the Solana decentralized crypto trading landscape. The automated market maker (AMM) setup, which allows anyone to spin up the transaction pool of all assets, was a different manufacturer in the Sorana Memocoin era.
Nevertheless, most traders who use Raydium swap rails do not visit that website. Instead, they access the service through a transaction aggregator that divides orders at multiple venues. This means that Raydium’s activities are potentially reduced, and in decisive, the relationship between directly users and traders is weak.
In the industry terms, these traders are “takers” and trade. Manufacturers, on the other hand, provide fluidity by pouring assets into Raydium AMM.
“Radium did well on the manufacturer,” said the infrastructure, “But when you own a relationship with a taker, there is a greater network effect.”
Behind the scenes, Raydium’s PERPS transactions are supported by Orderly Network, a transaction project with roots outside the Solana ecosystem. Because of order, you can trade assets in a unified order book for a perps trader working in multiple blockchain. This provides a smoother sailing for all orders.
The Raydium rollout of Orderly’s moon has been proved to be a great benefit. SOLANA’s PERPS trader is currently promoting 25 % of the total amount of Orderly.
“We are trading in a volume of $ 200 to $ 400 million per day,” said CEO, a dozens of projects that provide an orderly PERPS transaction, and CEO states.
As many of the more established competitors of Raydium are performed, promoting transactions through order, instead of executing perps transactions through order, saves the protocol money and corrects transaction processing correctly. You can. But it also has the complexity of his own cross -chain that he still said.
Next stop: Full launch. In a few weeks, Raydium’s PERPS services are ready for appropriate debuts and shake the Public Beta training wheels. Once, the team behind it plans to push marketing and outreach more strongly.
Even with a $ 100 million volume every day, Raydium’s Perps service is far from replacing Jupiter, the top -chan PERPS service of Solana Defi Ecosystem. In the most famous swap agglivator derivative replacement, the daily volume is nearly $ 2 billion. The runner -up drift looks twice the volume of Radium.
However, Infraray is convinced that Raydium can cut each lead of each large protocol. First, the PERPS services provide transactions with much more assets than either competitors. Orderly allows a quick list of new contracts. In other words, Raydium moves rapidly, gets a new market, and can potentially get a corner.
He believes that Solana -based PERPS addresses can only grow.
“I think there are more competition and innovation, but now Radium has a table.”
