News
Altcoin News
Altcoin News
Browse all Altcoin related articles and news. The latest news, analysis, and insights on Altcoin.
ETHFI Comment and Price Analysis - August 15, 2025 | JrKripto
ETHFI/USDT Technical AnalysisLooking at the ETHFI chart, a symmetrical triangle formation is immediately apparent. This pattern indicates growing price compression, signaling that a breakout is imminent and likely to trigger a sharp move in the breakout’s direction. ETHFI, currently trading around $1.20, is located in the middle band of the triangle. The triangle's middle band support level of $1.12 is currently facing the price. If it falls below this level, the $0.95 trend support and the $0.88 horizontal support will come to the fore.In bullish scenarios, the $1.35-$1.43 range is important both horizontally and as the upper band of the triangle. If this resistance area is broken, $1.56 and then $2.05 could become targets. An upward breakout of the triangle will also trigger volatility. Narrowing Triangle Formation In summary:• The symmetrical triangle formation is active. • Strong support at $1,123, and $0.95 and $0.88 below should be monitored.• Strong resistance at the $1,350-$1,433 area.• On an upward breakout, $1,562 → $2,043 → $2,512 can be targeted.• On a downward breakout, $0.95 → $0.88 → $0.807 are prominent support levels.These analyses do not constitute investment advice and focus on support and resistance levels that may present potential trading opportunities in the short and medium term, depending on market conditions. However, the responsibility for executing trades and managing risk lies entirely with the user. It is also strongly recommended to use stop-loss orders for any trades mentioned.
EDU Comment and Price Analysis - August 15, 2025 | JrKripto
EDU Technical AnalysisThe Open Campus (EDU) ecosystem recently launched a groundbreaking step in the field of crypto education: This new chain, called EDU Chain and built on the Arbitrum Orbit infrastructure, enables user-centric, decentralized, and efficient management of educational data. With the support of two major investors, Binance Labs and Animoca Brands, the project has grown and now hosts over 100 educational dApps. The EDU token is used not only in governance but also as the primary resource for the network's operational processes. Narrowing Triangle Structure The first significant resistance level we encounter on the chart is the 0.1487–0.1575 band. This region not only acts as resistance but also intersects with the upper boundary of the contracting triangle. Therefore, a breakout here would signify the surpassing of not only a technical but also a psychological barrier. If the price breaks the $0.15 level with significant volume, the following levels can be monitored: 0.1851, 0.2087 (MA200), and 0.2175-0.2304.However, a sustained breakout below 0.1383 (MA50) could pull the price back to $0.1290 and $0.11-0.10.These analyses do not constitute investment advice and focus on support and resistance levels that may present potential trading opportunities in the short and medium term, depending on market conditions. However, the responsibility for executing trades and managing risk lies entirely with the user. It is also strongly recommended to use stop-loss orders for any trades mentioned.
ZK Comment and Price Analysis - August 15, 2025 | JrKripto
ZK/USDT Technical AnalysisLooking at the ZK chart, we can see that the price tested the $0.07353 level and then pulled back after encountering selling pressure. ZK Current View The $0.07245–$0.07883 range is an important resistance zone and holds critical significance as it intersects with the descending trendline. If the price breaks above this level and secures daily closes, it could have the potential to target the $0.09991 level, followed by the $0.1266–$0.1377 resistance zones.In potential pullbacks, the $0.0588 level can be monitored as a zone where buyers recently stepped in and the price reacted upward.These analyses do not constitute investment advice and focus on support and resistance levels that may present potential trading opportunities in the short and medium term, depending on market conditions. However, the responsibility for executing trades and managing risk lies entirely with the user. It is also strongly recommended to use stop-loss orders for any trades mentioned.
BNB Comment and Price Analysis - August 14, 2025 | JrKripto
BNB Technical OutlookOn the daily chart, BNB is moving within an ascending channel. The overall structure appears positive, with the prevailing trend pointing upward. Rising Channel At the moment, the price is trading at $847. The $861 resistance level has been tested twice in a short period, confirming it as a strong resistance zone. Just above this level lies the channel’s trend resistance. For a trend test, the price would need to approach the $900 region. The $900–$928 range also stands out as a resistance area. Currently, the broader $850–$930 zone is acting as a selling area for BNB. A breakout above this zone would imply a target equal to the channel’s width, which points to approximately the $1,500 region.On pullbacks, the key support levels to watch are:$830$790$752–$762These analyses do not constitute investment advice and focus on support and resistance levels that may present potential trading opportunities in the short and medium term, depending on market conditions. However, the responsibility for executing trades and managing risk lies entirely with the user. It is also strongly recommended to use stop-loss orders for any trades mentioned.
ETH, SOL, ARB, and LDO Highlighted: Coinbase Announces Altcoin Season Forecast
Coinbase Institutional's latest monthly market report suggests that September could mark the start of altcoin season in the cryptocurrency markets. The report highlights three key factors: a decline in Bitcoin dominance, increased market liquidity, and a rise in investor risk appetite.Coinbase report fuels altcoin season expectationsCoinbase Institutional's monthly market report, published on August 14, predicts that September could mark the start of altcoin season in the cryptocurrency market. According to the report, the decline in Bitcoin's market dominance, improved liquidity conditions, and a rise in investor risk appetite could accelerate the shift of capital from BTC to altcoins in the coming weeks.According to CoinMarketCap data, an altcoin season is defined as at least 75% of the 50 largest altcoins by market capitalization outperforming Bitcoin in the past 90 days. While this rate currently remains below this threshold, the total altcoin market capitalization has increased by more than 50% since the beginning of July, reaching $1.4 trillion. Bitcoin dominance, however, has fallen from 65% in May 2025 to 59%. According to Coinbase, this pattern provides early signs of a potential rotation that could lead to a full-scale altcoin season in September.ETH and "beta" altcoins attract attentionThe report notes that much of the recent surge in the altcoin market is linked to increased institutional interest in Ethereum (ETH). The accumulation of ETH by digital asset treasuries (DAT), combined with positive narratives surrounding stablecoins and real-world assets, is supporting demand. For example, Bitmine Immersion Technologies reportedly reached a total purchasing capacity of 1.15 million ETH with a new $20 billion fund.ARB, ENA, LDO, and OP stand out among altcoins that reacted to ETH price action with high beta. Beta indicates how volatile an asset's price movement is relative to the benchmark asset. A beta greater than 1 indicates that the price is more volatile than the benchmark asset, meaning it may move more sharply during both ups and downs. Among this group, only LDO has clearly benefited from the ETH rally, with a 58% increase since the beginning of August. LDO's performance was influenced by the US Securities and Exchange Commission's (SEC) statement on August 5th that liquid staking tokens are not considered securities under certain conditions.Macro Environment and Liquidity SupportCoinbase predicts that the Fed interest rate cuts expected in September and October could draw some of the record $7.2 trillion currently held in money market funds into the crypto market. The recovery in spot and derivative trading volumes, order book depth, and stablecoin supply in recent weeks is also facilitating entry and exit from the altcoin market. “The decline in Bitcoin dominance and the increase in altcoin market capitalization, combined with investors’ desire to shift to riskier assets, could initiate a capital rotation process that could turn into a mature altcoin season in September,” the report stated.
Citigroup Eyes Stablecoin and Crypto ETF Services
Wall Street giant Citigroup is preparing for a new move in the cryptocurrency market. Following regulatory clarity and supportive legislation introduced during the Trump era, the bank plans to offer custody services for stablecoin reserves and crypto ETFs.Citigroup's Head of Global Partnerships and Innovation, Biswarup Chatterjee, told Reuters that their initial focus will be on safekeeping "high-quality assets that back stablecoins." These assets include secure reserves such as US Treasury bonds and cash.A New Player in the Stablecoin and ETF MarketThe GENIUS Act, enacted in the US this year, mandated stablecoin issuers to hold secure and liquid assets to back their tokens. This has created new opportunities for traditional banks to offer institutional-scale custody services.In addition to stablecoin reserves, Citi also plans to offer custody services for cryptocurrency-backed exchange-traded funds (ETFs). Chatterjee said, “These ETFs require the safe storage of an equivalent amount of cryptocurrency to support them.”Spot Bitcoin ETFs have attracted significant interest since their approval in 2024. Currently, 12 spot Bitcoin ETF companies in the US hold approximately 1.3 million BTC. BlackRock’s iShares Bitcoin Trust fund alone manages approximately $88-90 billion in assets. Ethereum ETFs have also seen rapid influx in recent months. Instant Cross-Border Payment PlansIn addition to its custody services, Citigroup aims to use stablecoins for instant cross-border payments. The bank currently offers blockchain-based “tokenized” dollar transfers between accounts in New York, London, and Hong Kong. It is now working on direct transfers or instant conversion of stablecoins into dollars.Citi CEO Jane Fraser stated during the second-quarter earnings meeting in July that the bank is also evaluating the possibility of issuing its own stablecoin. Fraser said, “Most importantly, we are very active in the tokenized deposit space. Our goal is to securely deliver advancements in stablecoins and cryptocurrencies to our clients.”Competition is heating upCurrently, Coinbase provides custody for over 80% of US-listed crypto ETFs. Citigroup’s entry into this space could intensify competition in both the stablecoin and ETF custody markets. With a global network operating in over 160 countries and 200 million customers, the bank has the potential to bring significant institutional scale to the sector.US banking associations have called on Congress to prohibit affiliates of stablecoin issuers from paying interest to token holders. Bankers argue that such practices could accelerate deposit outflows and increase credit costs. Ultimately, Citigroup’s plans purport to raise institutional security standards in the cryptoasset ecosystem.
SEC Postpones Four Solana ETF Applications Again: Eyes Turn to October 16
The U.S. Securities and Exchange Commission (SEC) has once again postponed its decision on applications for exchange-traded funds (ETFs) focused on Solana (SOL). Official filings indicated that the next deadline for the Bitwise Solana ETF and the 21Shares Core Solana ETF is October 16, 2025. This move aligns with the regulator's frequent postponement strategy for similar crypto-asset ETFs.Not only Bitwise and 21Shares, but also the Solana ETF applications filed by Canary Capital and Marinade Finance were also postponed. In its justification for the postponement, the SEC stated that it determined "a longer deadline is appropriate to allow sufficient time to approve or reject the proposed rule change."The tradition of postponements continuesThe SEC has recently been faced with dozens of crypto ETF applications, ranging from XRP to DOGE. Previous Solana ETF initiatives by giants like Grayscale and Fidelity were similarly postponed. These delays for the Solana ETF raise questions among investors, especially considering the softening of regulatory stance during the Biden administration and the approval of spot Bitcoin and Ethereum ETFs.ETF analyst James Seyffart states that these delays are normal, but the process is "persistently slow," particularly for Solana. Some market commentators allege that Caroline Crenshaw, a crypto-opposition figure within the SEC, is slowing down the process by obstructing expedited approval procedures.Market and Investor ExpectationsThis SEC stance directly impacts Solana's integration with traditional financial products. Many investors believe that a potential ETF approval would increase Solana's liquidity and institutional interest. Spot Bitcoin ETFs have also been approved in 2024 after undergoing lengthy approval processes. This situation is seen as a promising precedent for Solana ETFs.According to market data, Solana is currently trading at $197.39 and has gained 4.18% in the last 24 hours. The 24-hour price range was between $188.80 and $206.21. Solana, with a market capitalization of $106.52 billion, has a fully diluted valuation of $120 billion. Its 24-hour trading volume is $12.14 billion. What's next?The October 16th deadline is crucial for the applications. The SEC must approve or reject the applications by this date. However, given past precedents, investors are increasingly speculating that the process will likely drag on rather than receive a clear approval on that date.Reports suggest the SEC may be working on new approval standards for crypto ETFs. Last month, a basket ETF containing Solana was approved only one day later, and the product was withdrawn from the market. This suggests the agency is cautious, even if it favors certain products. If the new standards are established, the Solana ETF approval process is expected to be shaped by these regulations.
PEPE Comment and Price Analysis - August 14, 2025 | JrKripto
PEPE/USDT Technical AnalysisLooking at the PEPE chart, we are met with a broad contracting triangle pattern. It is evident that the price is nearing the end of the triangle and that a breakout is approaching. This consolidation increases the potential for a sharp price move in the coming period.From a horizontal support and resistance perspective, the $0.00001221 zone stands out as a critical resistance level. A move above this level could bring the $0.00001489 and $0.00001599 resistances into play. Notably, surpassing $0.00001599 could open the door for the price to enter a new all-time high (ATH) phase.On pullbacks, the $0.00001000 level is the first significant support to watch. If this level is breached, the $0.00000932 and $0.00000748 supports should be monitored. In particular, $0.00001000 is critical because it intersects with the lower trend support of the formation, meaning that a breakdown here could intensify selling pressure. Narrowing Triangle Structure Summary:The contracting triangle formation has entered its final stage.Sustaining above $0.00001221 could pave the way for $0.00001599 and a potential new ATH.The $0.00001000 support is crucial; below it, $0.00000932 – $0.00000748 levels will be in focus.A breakout could trigger a high-volume, sharp trend movement.These analyses do not constitute investment advice and focus on support and resistance levels that may present potential trading opportunities in the short and medium term, depending on market conditions. However, the responsibility for executing trades and managing risk lies entirely with the user. It is also strongly recommended to use stop-loss orders for any trades mentioned.
Was BtcTurk Hacked? Statement Released After Suspicious $50 Million Withdrawal
BtcTurk, one of Turkey's leading cryptocurrency exchanges, temporarily suspended cryptocurrency deposits and withdrawals today due to a technical issue with its hot wallets. The company stated that users would be notified when transactions reopened, and that trading, as well as Turkish Lira deposits and withdrawals, continued uninterrupted.The development came to light following findings by blockchain security firm CertiK. According to information shared by CertiK Alert, a total of over $50 million in cryptocurrency was withdrawn from three separate wallets identified as belonging to BtcTurk on August 14th. This raises the possibility of a potential security breach or system vulnerability.BtcTurk's statementIn its official statement, BtcTurk did not provide detailed information about the security of user funds, citing only a "technical issue with hot wallets." However, the exchange emphasized that trading and Turkish Lira transactions continued and that users could manage their assets. Hot wallets are known on cryptocurrency exchanges as wallets accessible via an internet connection and used for daily transactions. While these types of wallets offer the advantage of fast transfers, they are more vulnerable to cyberattacks than cold wallets. Therefore, such "suspicious exits" are of great importance to investors.The exchange stated that cryptocurrency deposits and withdrawals will be reopened once the technical issue is resolved, and that updates will be shared with users during this process. The source of the incident, whether it was a cyberattack or another technical issue, is not yet known.
WLD Comment and Price Analysis - August 14, 2025 | JrKripto
WLD Technical AnalysisWLD’s chart has been following a structure that began in mid-2024 and continues to trade within it to this day. This structure can be defined as a falling wedge formation, which has been shaping the chart in a consistent manner. The primary target of this formation is an upward breakout, with the $4 region as a potential post-breakout objective. Remaining within this structure in the long term is a positive signal. FALLING Wedge Formation In the short term, we can see that the price has frequently touched the upper band of the falling wedge recently. This indicates that the trend resistance is weakening. At the moment, both the trend resistance and a horizontal resistance zone are intersecting. The $1.12 – $1.22 resistance range forms the main selling zone alongside the trendline. Pullbacks from this area would be quite natural. Maintaining support above $0.91 will preserve the positive outlook. Each subsequent touch to the trendline will bring the price closer to a breakout. On the downside, the $0.91, $0.85, and $0.79 levels will be the key supports to watch, while on the upside, the falling wedge’s trend resistance, along with $1.12, $1.22, and $1.55, will serve as the nearest resistance levels.These analyses do not constitute investment advice and focus on support and resistance levels that may present potential trading opportunities in the short and medium term, depending on market conditions. However, the responsibility for executing trades and managing risk lies entirely with the user. It is also strongly recommended to use stop-loss orders for any trades mentioned.
Bitcoin Price Hits New Record, Altcoins Gain Momentum: What's Next?
Bitcoin reached an all-time high of $124,130 in the early hours of Thursday morning. According to market data, the rally, which began from an intraday low of $119,000, surpassed the previous record of $123,300, pushing the total value of the cryptocurrency market to its highest level in history. Premium trading on some exchanges (Coinbase, Bitstamp) pushed the price even higher, with records of $124,130 also on the horizon. According to experts, BTC has gained 3.4% in the last 24 hours and approximately 8% in the last week. This momentum is driven by easing global trade tariffs and increasing expectations of a September interest rate cut due to high core inflation in the US. With this rise, Bitcoin's market capitalization reached $2.46 trillion, surpassing tech giant Google (Alphabet) to become the world's fifth-largest asset. Analyst Rekt Capital emphasized the critical $126,000 level, stating that this level could open the door to a strong breakout. Venture capitalist Chris Burniske predicted a peak for Bitcoin in October, predicting that "BTC could reach $142,690." Burniske claimed that Ethereum could reach $6,900-8,000 during this cycle, while Solana could reach $420.BTC Markets analyst Rachael Lucas emphasized that the influx of institutional capital was driving the record highs: "Public and private companies, as well as sovereign wealth funds, currently control 3.64 million BTC, representing more than 17% of the total supply."Ethereum and the altcoin frontEthereum also maintained its strong performance, reaching a four-year high of $4,770. This level is only 2.5% away from its all-time high of 2021. Rekt Capital stated that Ethereum could enter a period of price discovery if the $4,630 level becomes support. Bitcoin dominance falling below 60% has been interpreted as a sign of the start of altcoin season.Selling Pressure from Long-Term InvestorsHowever, blockchain data shows that more than 300,000 BTC has been withdrawn from long-term wallets in the last four weeks. Some wallets that had been dormant for years have become active and profit-taking. Glassnode reported that these sales, which reached record levels in July, continued, albeit at a slower pace in August.Sam Gaer of Monarq Asset Management said, “While supply from older wallets limited the price increase, the market largely absorbed this pressure.” Furthermore, institutional investors selling call overwriting options at high prices has pushed volatility to historic lows.Analysts note that a strong demand base has formed at $118,000 and that macroeconomic conditions remain supportive. Sentora's Gabriel Halm stated that 1.88 million addresses bought 1.3 million BTC at an average price of $118,000, preventing sharp pullbacks. Vtrader founder Steve Gregory stated that Ethereum investors could capitalize and return to Bitcoin, which could support a sustained price above $120,000.
Google's Play Store Policy Raises Crypto Community
Google's recently implemented Play Store policy change sparked widespread backlash among cryptocurrency developers and privacy advocates. By requiring licenses for wallet apps, the company failed to distinguish between custodial and non-custodial models. This risked effectively banning many non-custodial wallets in the US and EU, despite not being legally required to do so. Following the outcry, Google clarified that non-custodial wallets were excluded and promised to amend the policy.Requirements Exceed US Legal FrameworkAccording to the initial policy, all wallet developers in the US were required to obtain FinCEN's Money Service Business (MSB) registration and a state-by-state "money transmitter license." This effectively extended the anti-money laundering (AML) and know-your-customer (KYC) requirements imposed on banks to all wallet apps. However, FinCEN's 2019 guidance clearly stated that non-custodial wallets, which do not hold or transfer user funds, are exempt from this classification. Although not legally required, the policy would force small developers to leave the Play Store and restrict users' access to privacy-focused tools. Risk of a de facto ban in the EU conflicting with MiCAOn the European Union side, Google's policy appeared to align with the "Crypto Asset Service Providers" (CASP) licensing system defined under MiCA. However, the CASP definition covers organizations that issue, exchange, or store digital assets. Because non-custodial wallets did not meet these criteria, obtaining a license was practically impossible. This meant they were removed from the EU Play Store. The only exception was if such wallets were distributed through a licensed CASP, which would have concentrated the market in the hands of large, regulated players. FATF Impact and “Commercial Regulation”The policy approach was very similar to the broader comments in the FATF’s 2021 guidance. The FATF had proposed that some non-custodial software developers involved in processes such as user interfaces, even if they don’t technically provide storage, be considered “Virtual Asset Service Providers.” While the FATF guidelines are not legally binding, member states can face sanctions if they fail to comply. Google’s inclusion of these standards in its app store rules has been characterized by critics as “commercial regulation.”Why are they important for decentralization and privacy?Non-custodial wallets are a cornerstone of the crypto ecosystem’s principle of “financial sovereignty.” These tools allow users to control their own keys and conduct transactions without relying on third parties. Applying bank-specific licensing regimes to these software could eliminate small projects and limit consumer options to strictly regulated applications with KYC requirements. This would be a major setback for innovation and privacy. Google's decision to backtrack and exempt non-custodial wallets from licensing is a positive development. However, this incident demonstrates that not only governments but also large tech companies can influence freedom of access and use in the crypto space. The infiltration of FATF-like frameworks into private sector policies could be seen as a sign that developers and users may be forced to fight the same struggle for privacy and autonomy, but on different fronts.
STRK Comment and Price Analysis - August 13, 2025 | JrKripto
STRK/USDT Technical AnalysisSTRK has finally broken above the falling wedge formation it has been trading in for a long period. The price of the coin has now reached the first resistance zone of $0.153 - $0.162 which worked as a strong resistance and support area in the past.In case the price continues to rise after the breakout, it can be expected to test upper resistance levels gradually. The levels of $0.190 and $0.222 are key resistance levels to follow in the short and mid term.In order for the upward momentum to continue, it is important that the price of the coin hold above the level of $0.153, below which we should be following the support levels of $0.128 and $0.101. STRK Current Fracture Summary:Falling wedge formation has been broken upward.The price meets resistance level of $0.153 – $0.162.If this resistance gets broken, the targets to folow are $ 0.190→ $0.222 → $0.235 → $0.280.Support levels in case of a pullback are $0.128 → $0.101.If the breakout gets confirmed , the target of the formation in the mid term is $0,28 These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However,traders are responsible for their own actions and risk management. Morover, it is highly recommended to use stop loss (SL) during trades.
What is Raydium (RAY)?
Raydium, a name we've been hearing a lot about lately, is a popular decentralized exchange (DEX) and automated market maker (AMM) protocol within the Solana ecosystem. In this guide, we'll answer questions like what Raydium is, how it works, what Ray coin is, and what the RAY token is used for, as well as examine the platform's history, features, and use cases in detail. Leveraging Solana's high-speed blockchain infrastructure, Raydium DEX aims to offer users low transaction fees and fast transaction confirmations in cryptocurrency exchanges. Furthermore, Raydium integrates with the order book of the decentralized exchange Serum, providing deeper liquidity and a unique trading experience.Raydium's Definition and OriginRaydium is a DEX and AMM protocol launched on the Solana blockchain in 2021. Standing out among Solana DEXs, Raydium enables token swaps using automated market maker pools and accesses centralized order book liquidity through its integrated Serum integration. This approach makes Raydium a platform that isn't limited to its own pools but can share liquidity throughout the ecosystem. As a result, Raydium users can experience super-fast and low-cost trading by leveraging the Solana network's high performance, which can process thousands of transactions per second.Development for the project began in late 2020, and the Raydium mainnet officially launched in February 2021. Raydium stood out as the first AMM platform to integrate directly with Serum DEX. This allows cryptocurrencies in Raydium pools to be reflected as orders on the centralized limit order book on Serum (the current community version, OpenBook). Raydium's vision was to leverage Solana's high transaction capacity to provide efficient returns for liquidity providers and to create an environment where traders could execute fast, low-slippage transactions. In short, what is Raydium Solana? It's an innovative and high-performance DEX protocol that combines both the AMM model and the order book mechanism for DeFi applications on the Solana network.Raydium's History: Key MilestonesSince its launch, the Raydium project has made many significant strides and progress within the ecosystem. Below, we've summarized the key milestones in Raydium's history chronologically:February 2021: The Raydium mainnet launch took place. The RAY token was released (Ray coin's release date is this month). RAY, the platform's native token, began playing a role in liquidity mining rewards and ecosystem usage from day one. Distribution of the RAY token. Source: Raydium/Docs 2021: Many new features were added to the platform within the first year. The Fusion Pool concept was introduced in March 2021. So, what is a Fusion Pool? In short, they are joint reward farming pools that allow different projects to incentivize liquidity pools on Raydium with their own tokens. Also in early 2021, Raydium launched its launchpad platform, AcceleRaytor (April 2021). With AcceleRaytor, token sales (IDOs) for new Solana-based projects began on Raydium. At the same time, yield farming opportunities were introduced on Raydium; users began earning RAY tokens by funding liquidity pools and staking their LP tokens. This made Raydium a significant attraction in the rapidly growing Solana DeFi ecosystem.2022: In its second year, Raydium continued to strengthen its technical infrastructure and ecosystem integrations. In March 2022, the Raydium V2 platform update was released, improving the user interface and improving performance. Serum integration was strengthened, and Raydium's liquidity pools continued to contribute more effectively to the Serum (OpenBook) order book. This enabled Raydium to offer liquidity not only to its own users but also to users trading through other DEX interfaces on Solana. Throughout 2022, many new projects were pre-sold through Raydium's AcceleRaytor launchpad, making the platform one of the first-choice IDO platforms for projects on Solana. Towards the end of the year, Raydium launched beta testing of its concentrated liquidity (CLMM) model, testing its ability to concentrate liquidity within specific price ranges (a feature considered important because it provides lower slippage and more efficient capitalization).2023: The Raydium team began taking steps toward decentralized governance. Community-driven governance principles were announced in 2023, and governance proposals were opened for discussion on the platform, allowing RAY token holders to vote. As part of this effort, Raydium adopted the goal of gradually transferring project management to the community. Furthermore, the RAY token staking program was expanded, encouraging more users to stake their RAY. RAY stakers began earning passive income by sharing protocol fees and gaining a voice in governance. All these developments strengthened Raydium's position within the ecosystem.2024: As the Solana DeFi ecosystem matured, Raydium became one of the largest AMM DEXs. By 2024, the platform single-handedly accounted for a significant portion of the total DEX trading volume on the Solana network. Raydium emerged as one of the leading protocols on Solana in terms of daily trading volume and total value locked (TVL). The deep liquidity and fast trading experience offered by Raydium, in particular, made the platform a popular choice for both institutional and individual traders. The Raydium V3 interface update, released in 2024, introduced mobile compatibility, advanced analytics tools, and new liquidity pool types (e.g., constant product market maker pools). All these innovations strengthened Raydium's competitiveness and established a strong presence in the Solana-centric DeFi world.Why Is Raydium Valuable?Raydium has a number of features and advantages that distinguish it from similar DeFi protocols and make it valuable. Let's examine the key value propositions of the Raydium DEX platform below:High Speed and Low CostRaydium is extremely fast and inexpensive because it processes its transactions on the Solana blockchain. The Solana network's capacity of over 50,000 transactions per second and negligible transaction fees of 0.0001 SOL on average allow Raydium users to trade without the high gas fees and network congestion seen on networks like Ethereum. This allows traders to experience instant execution of their orders and minimize slippage. Due to these features, Raydium has hosted volumes exceeding $120 billion, as will be seen below. AMM and Order Book IntegrationUnlike many AMM protocols, Raydium offers a hybrid model that combines liquidity pools with a central order book. The platform's smart contracts automatically place orders on the Serum/OpenBook central limit order book using assets from the liquidity pools. This means that liquidity on Raydium can also be used by other Serum interfaces within the Solana ecosystem. As a result, Raydium contributes to a broad ecosystem-wide liquidity network, rather than being a siloed AMM. This integration offers users the best of both worlds: it combines the continuous liquidity of AMMs with the depth and price stability of order books. For example, a user who swaps on Raydium gains access not only to the liquidity available in Raydium pools but also to the liquidity available on OpenBook. RAY token use cases (farming, staking, governance)Raydium's native cryptocurrency, the RAY token (Ray coin), serves several important functions within the platform. First, users who provide liquidity can earn RAY token rewards through farms. In Raydium's yield farming model, users who add assets to a liquidity pool consisting of two tokens receive LP (Liquidity Provider) tokens and stake these LP tokens in Raydium's farming pools to earn RAY rewards. Second, staking RAY tokens earns additional income and privileges. When users unilaterally lock (stake) their RAY tokens on the platform, they earn passive returns by receiving a share of the platform's transaction fees.As per Raydium's fee mechanism, 0.22% of the 0.25% fee received for each swap is distributed to liquidity providers, while the remaining 0.03% is used to purchase RAY tokens from the market; this buyback mechanism provides indirect returns for stakers. The third important use case is governance. RAY token holders have the right to participate in platform governance and vote on proposals in the future. Raydium has designed RAY as a governance token to transition to a community-based structure, giving RAY holders a say in important protocol updates, fee changes, or new feature additions. In short, the answer to the question of what the RAY token does is that it's a versatile platform token that offers users farming, staking rewards, and governance rights.Accessing new projects with AcceleRaytor (launchpad)Raydium's launchpad feature, called AcceleRaytor, allows users to participate in early-stage sales of new projects on Solana. Raydium users have the opportunity to purchase tokens from promising projects before they even list by participating in IDOs conducted through AcceleRaytor. Furthermore, Raydium offers two types of IDO pools: Community Pool and RAY Pool.While community pools are open to the public, participation in RAY pools requires a certain amount of RAY tokens to be staked on the platform beforehand. This mechanism aims to reward the Raydium community and create demand for the RAY token. For example, the initial AcceleRaytor projects required a minimum stake of 20 RAY to participate in the RAY pool. Through Launchpad, Raydium provides both capital and liquidity support to new projects in the ecosystem and offers its users early investment opportunities with high potential for profit. AcceleRaytor A liquidity hub in the Solana ecosystemRaydium is a cornerstone of the growing Solana DeFi ecosystem. Through both its technical integrations and its diverse product offerings, it provides liquidity and infrastructure support to other protocols on Solana. For example, many Solana-based wallets and applications utilize Raydium's liquidity pools as the backend for token swaps. Raydium's deep liquidity and high volume contribute to stable price discovery on the Solana network.By 2024, Raydium became one of the largest DEXs not only on Solana but across all chains in terms of daily trading volume. In fact, during certain periods, Raydium's trading volume surpassed PancakeSwap on the BSC network, ranking second globally behind Uniswap. The difference between various DEXs and Raydium can be illustrated as follows:Feature / PlatformRaydiumOrcaJupiterLifinityTransaction SpeedVery high (Solana infrastructure, ~400ms block time)HighHighHighTransaction Fee~0.25% (0.22% to LP, 0.03% buyback)~0.3%Variable (depends on routes)~0.15%Liquidity ModelAMM + Order Book (Serum/OpenBook integration)AMM (Concentrated + Stable Pools)Route aggregator (sources liquidity from multiple AMMs)AMM (Proactive market maker)Launchpad SupportYes (AcceleRaytor)NoNoNoStaking AvailabilityYes (RAY staking)Yes (ORCA staking)NoYes (LFNTY staking)Fusion Pool / Special FarmingYesNoNoNoLiquidity VolumeHigh (Leader on Solana in 2024)Medium-HighHigh (due to aggregator model)MediumUser InterfaceAdvanced, V3 interface + analytics toolsSimple and user-friendlySimple (swap-focused)Advanced (charts, automated settings)Who is the Founder of Raydium?Raydium was developed by a decentralized team, and the names of individual founders have not been disclosed to the public. The core team behind the project has chosen to remain anonymous, presenting themselves under pseudonyms such as AlphaRay, XRay, GammaRay, StingRay, and RayZor. This development team consists of experienced individuals from diverse fields, including algorithmic trading, blockchain development, marketing, and mathematics. The Raydium team built the protocol in close collaboration with the Solana and Serum communities. In mid-2020, the team rolled up their sleeves to address the shortcomings they saw in the DeFi space and implemented the idea of an AMM integrated with Serum as a solution. The result is the Raydium platform we know today. Over time, the project's governance has transitioned to a community-driven governance model; RAY token holders have begun to have a say in decisions about the platform's future. In short, there is no clear answer to the question, "Who owns the Ray token?" because Raydium is not owned by a single founder, but rather is collectively owned by the community and the development team. Frequently Asked Questions (FAQ)Below are some frequently asked questions and answers about Raydium:What is Raydium and how does it work?: Raydium is a Solana-based decentralized cryptocurrency exchange (DEX) and automated market maker (AMM) protocol. Users can swap tokens without any intermediaries by connecting their wallets on Raydium. Raydium's operating system integrates the AMM model, which sets prices using assets in liquidity pools, with Serum's central order book. This allows Raydium to execute fast, low-cost, and low-slippage transactions by drawing liquidity from both its own pools and the wider ecosystem.What is the RAY token used for?: The RAY token is the native cryptocurrency of the Raydium platform and is used for various purposes. First, yield farming rewards are awarded in RAY tokens; users can earn RAY by adding liquidity to pools and staking LP tokens. Users who stake RAY tokens also earn passive income by sharing the platform's transaction fees and qualify for token sales on the AcceleRaytor launchpad. In the long term, RAY will also serve as Raydium's governance token, meaning RAY holders will be able to vote on the platform's future.What is the relationship between Raydium and Serum?: The relationship between Raydium and Serum (OpenBook) is one of Raydium's most distinctive features. Raydium's smart contracts place orders from liquidity pools into Serum's central limit order book (CLOB). This means that the liquidity in Raydium pools is also accessible to other users on Serum. When a user swaps tokens through Raydium, the transaction is reflected in Serum's order book in the background, and the best price is matched on whichever platform is available. Thus, Raydium and Serum share liquidity; Raydium liquidity providers see greater trading volume, while Serum traders benefit from the liquidity of AMM pools. In short, Raydium has integrated with Serum's infrastructure, creating a unique AMM + order book hybrid within the Solana ecosystem. How is yield farming done on Raydium?: Earning RAY tokens through yield farming on the Raydium platform is a very user-friendly process. First, you become a liquidity provider by depositing two tokens (such as the RAY-USDC or SOL-RAY pair) in proportional values into one of Raydium's liquidity pools. When you add liquidity, you receive pool share tokens, called LP tokens, in return. Then, you go to Raydium's "Farms" tab and stake your LP tokens in the relevant farming pool. As a result of this staking process, the protocol accumulates your share of RAY rewards over time. You can collect or withdraw your rewards at any time. Some special pools on Raydium are called Fusion Pools, and in these pools, in addition to RAY, you can also earn token rewards from partner projects. In short, yield farming is an important way to generate passive income by providing liquidity on Raydium. What is AcceleRaytor and how to participate? AcceleRaytor is a launchpad, or pre-sale, provided by the Raydium platform for new projects. This feature allows promising projects on the Solana network to raise capital by pre-offering their tokens to Raydium users. To participate in AcceleRaytor events, you must connect your wallet to the AcceleRaytor page on Raydium's website during the announced IDO (Initial DEX Offering) dates and contribute, usually in USDC. While participation requirements vary by project, there are typically two pool options: the Community Pool and the RAY Pool. The Community Pool is open to anyone and typically requires fast action (first-come, first-served). The RAY Pool, on the other hand, is only open to users who have staked a set amount of RAY tokens for a specific period. For example, a project may require staking at least 100 RAY for seven days to qualify for the sale. With this structure, Raydium grants privileges to loyal RAY token holders in early sales. As a result, AcceleRaytor provides both a secure IDO environment for projects and provides users with early access to high-potential projects.How to stake RAY tokens: Staking RAY tokens on the Raydium platform is quite simple. First, you need to connect a Solana-compatible wallet (e.g., Phantom) to the Raydium app. Then, in the Raydium interface, navigate to the "Staking" or "Pool" section and find the one-sided staking pool designated for RAY (usually listed as "RAY Staking"). Confirm the staking by depositing your RAY tokens into this pool. Once the transaction is confirmed, your RAY tokens are locked, and you can begin staking immediately. During your staking period, RAY rewards from the platform's protocol revenues and buyback mechanism will accumulate in your account. You can withdraw your rewards at any time using the "Harvest" button or choose to accumulate them for a longer period. RAY staking is flexible; you can exit staking and withdraw your invested RAY at any time (although in some cases, there may be a waiting period or a small penalty mechanism on rewards; it's worth checking the current Radillam documentation for details). By staking RAY tokens, you both earn passive income and take the first step toward having a say in the platform's future.For more content on Raydium and Solana-based DeFi applications, follow our JR Crypto Guide series.
SUI Comment and Price Analysis - August 13, 2025 | JrKripto
SUI Technical AnalysisLooking at the SUI chart, we see a rising channel chart from a wide angle. It is currently trading in the middle band of the channel. Looking at its short-term movements, we can say that the positive market structure continues. After the last bottom contact, that is, the last contact with the lower trend of the channel formation, it formed a new high, and now the lower trend zone is in a positive area.Looking at horizontal support and resistance levels, we see that the $3.59 support is of great importance. In the event of a break below this support, the $3.22-$3.32 support area should be monitored. The lower trend line of the channel also intersects with the aforementioned support zone on average. We see that the trend could extend the support area to $2.94.In upward scenarios, we see that the $4 level creates psychological resistance. If this level is broken and we see a move to the $4.29 resistance level, we expect it to break above this peak. Breaking through this resistance level could quickly lead us to the $5.11 level. Currently, the $3.59 support and $4.29 resistance levels will be closely monitored. SUI Rising Channel Summary:The price is trading near the mid-range within a broad ascending channel structure.The $4.29 level is acting as strong resistance.The $3.59 support level is a key short-term level.If it can sustain above $3.59, the $5 region could be targeted.In the event of a pullback, the $3.32, $3.22, and $2.94 support levels should be monitored.These analyses do not constitute investment advice and focus on support and resistance levels that may present potential trading opportunities in the short and medium term, depending on market conditions. However, the responsibility for executing trades and managing risk lies entirely with the user. It is also strongly recommended to use stop-loss orders for any trades mentioned.
