Part 8/9:
Radium operates as an automated market maker on the Solana blockchain, distinguished by its unique liquidity pools and farmer incentives. Founded in 2020 and having raised significant funding, Radium has swiftly become a frontrunner among decentralized exchanges.
The protocol’s automation and user-friendly interface attract liquidity providers, bolstered by a buyback and burn mechanism that encourages token holding and price appreciation. With a market cap around $1.7 billion, if RAY could regain its previous all-time high of $17, it would mark over a 7x increase. Strong market momentum could even see it reaching higher targets of around $50.