Raydium Report by Jesse
With less retail movement this week many Bitcoin firms are continuing to double down on the growing network activity of this asset. Finally seeing some green as Bitcoin HODLs at $40,000 USD the gains are starting to return with Amp pushing above 100% in weekly gains. Following behind is Quant and Chiliz acquiring 40% weekly return for its holders. The most interesting of which is Bitcoins position as the 4th highest gainer this week with 20%. While some of the SOL madness has calmed down, this week we'll be looking into its first AMM called Raydium.
Raydium is an automated market maker built on the Solana blockchain which leverages the central order book of the Serum DEX to enable lightning-fast trades, shared liquidity, and new features for earning yield. Raydium offers DeFi and AMM projects a clear path for bridging platforms and liquidity with the increased evolving capabilities of Solana and Serum. Current AMM DEXs and DeFi protocols are only able to access liquidity within their own pools and have no access to a central order book. Additionally, with the majority of platforms running on Ethereum, transactions are slow and gas fees are high. Raydium leverages the efficiency of the Solana blockchain to achieve transactions significantly faster than Ethereum at a fraction of the cost. Raydium offers an avenue for evolution, where projects and individuals can swiftly enter the Solana and Serum universe to leverage its distinct advantages in speed and efficiency. As Raydium progresses as a foundation for liquidity on Serum, it aims to partner with other DeFi and AMM communities to provide support and build out their products
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