Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13286
Markets: 103975
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13286
Cryptocurrencies
63.99%
Bitcoin Share
crypto.news 2025-06-19 13:56:14

RAY price at risk as Raydium users plunge 81%

RAY price at risk as Raydium users plunge 81%

Raydium’s token rose by over 12% on Thursday, June 19 as its active users and market share in the decentralized exchange industry retreated. Raydium ( RAY ) price rose to an intraday high of $2.7040, up 40% from its lowest level this week. It then pared back those gains to trade at $2.30, giving it a market capitalization of $598 million. Third-party data shows that Raydium’s platform is under pressure. Data compiled by Artemis shows that Raydium has over 838,000 active transacting users, a figure that has dropped for six consecutive months. It is down 81% from its December level of over 4.4 million. Raydium transacting users | Source: Artemis Additional data shows that Raydium has lost market share in the DEX industry. According to DeFi Llama , its network processed transactions worth over $21.9 billion in the past 30 days, far below PancakeSwap’s $138 billion and Uniswap’s $95 billion. You might also like: Bubblemaps V2 goes live on Open Network By comparison, the platform’s daily volume of $467 million trails other DEX networks such as PancakeSwap, Uniswap, Pump, and Aerodrome. Most notably, Raydium’s monthly transaction volume has dropped by 90%, falling from $124 billion in January to just $12 billion this month. Raydium monthly DEX volume | Source: DeFi Llama The decline is closely tied to the underperformance of Solana ( SOL ) meme coins. CoinGecko data shows that many of these tokens have plunged more than 15% in the past seven days, pushing their total market cap down to $9.7 billion, a steep drop from $30 billion in January. Raydium typically sees higher volume when these tokens are rallying. Lower transaction volume has also weighed heavily on Raydium’s revenue, which has plummeted from $58 million in January to $1.9 million this month. Raydium monthly revenue | Source: Artemis RAY price technical analysis RAY price chart | Source: crypto.news The three-day chart shows that Raydium’s price peaked at $8.5285 in January before pulling back to $2.25. It has since fallen below both the 50-day and 100-day Exponential Moving Averages, which have formed a bearish crossover. A head-and-shoulders pattern has also emerged, a common bearish reversal signal. Based on this formation, the token could be headed for a breakdown toward $1.40, the April 10 low. However, a move above the right shoulder at $3.820 would invalidate this bearish setup. You might also like: AERO price breaks key resistance as futures open interest hits ATH

Most Read News

Moralis Money
Market Cap
24h Vol
63.99%
Bitcoin Share
537
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.