Ethereum

Solana

Raydium

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 <p>The native token for a decentralized exchange (DEX) built on Solana (SOL) has skyrocketed by more than 95% this week amid roaring network growth.</p>
 <p>Raydium (RAY) is an on-chain order book automated market maker (AMM).</p>
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 <p>The project’s native token, RAY, is trading at $1.72 at time of writing, up from around $0.88 one week ago.</p>
 <p>The 144th-ranked crypto asset by market cap is also up nearly 16% in the past 24 hours and more than 1,140% since the start of 2023.</p>
 <p>RAY’s recent gains have materialized as the Raydium protocol witnessed an explosion in total value locked (TVL).&nbsp;TVL refers to the amount of capital deposited within a protocol’s smart contracts and is often used to gauge the health of a crypto ecosystem.</p>
 <p>Raydium clocks $116.8 million in TVL at time of writing, according to the decentralized finance tracker DeFi Llama. That number represents an increase of more than 38% in the past week and 118% in the past month.</p>
 <p>Solana’s TVL has also ballooned in the past month: The Ethereum (ETH) challenger registers $1.328 billion in total value locked at time of writing, an increase of nearly 28% in the past week and 154% in the past month.</p>
 <p>SOL is trading at $96.62 at time of writing. The 5th-ranked crypto asset by market cap is up more than 4% in the past 24 hours.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/solana-decentralized-exchange-altcoin-skyrockets-more-than-95-this-week-amid-roaring-network-growth-tbt74635.html">https://thebittimes.com/solana-decentralized-exchange-altcoin-skyrockets-more-than-95-this-week-amid-roaring-network-growth-tbt74635.html</a></p>

Solana Decentralized Exchange Altcoin Skyrockets More Than 95% This Week Amid Roaring Network Growth

TheBitTimes

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