ChainCatcher news, according to SolanaFloor, Raydium's 24-hour protocol fee revenue has exceeded 15 million dollars, reaching 15.14 million dollars, surpassing Tether to rank first in the entire network.

ChainCatcher news, HashKey Global is about to launch Arkham (ARKM) and Raydium (RAY). The spot trading pairs ARKM/USDT and RAY/USDT will be available on November 20, 2024, at 16:00 (UTC+8), supporting deposits and withdrawals for ARKM on the ERC20 network and RAY on the Solana network.To celebrate the launch of the new tokens, the platform is offering a special event for new users: from now until November 27, 2024, at 16:00 (UTC+8), complete your first spot trade of any amount in ARKM or RAY to share a prize pool of 20,000 HSK. The first 2,000 users will each receive 10 HSK, on a first-come, first-served basis, while supplies last.

ChainCatcher news, HashKey Global has launched perpetual contracts for Raydium (RAY) and Stacks (STX), supporting 24/7 trading.Both RAYUSDT and STXUSDT perpetual contracts are U-based contracts, settled in USDT, with a contract value of 1 unit of the underlying asset, a minimum price fluctuation of 0.0001, a maximum leverage of 10 times, and a funding fee cap of +0.75%/-0.75%, settled every 8 hours. The launch of these contracts will provide users with more investment options and enhance trading flexibility.

ChainCatcher news, the decentralized exchange Raydium has announced the launch of a new feature "Burn & Earn". This feature allows project teams to permanently lock the liquidity of concentrated liquidity market makers (CLMM) while retaining the right to collect trading fees.The new feature is mainly aimed at CLMM full range positions. Once locked, liquidity providers will not be able to withdraw or manage positions for rebalancing. However, users can still view locked positions on the portfolio page and claim fees and rewards.

ChainCatcher news shows that in the past few months, the transaction volume on the Solana chain has significantly increased. Additionally, the number of daily active addresses has surged, recently exceeding 2 million (7-day MA), with a large influx of users into the ecosystem dominated by DApps such as Raydium, pump.fun, and Jito.Among these DApps, Raydium has become the main source of fee revenue for Solana. In July, the trading volume of this DEX reached $30 billion, making it the second-largest DEX by trading volume, just behind Uniswap. Meanwhile, according to data from DeFiLlama, Raydium's revenue in July exceeded $65 million, compared to $33 million in June.pump.fun generated over $28 million in fees in July, the highest monthly fees since its launch. Additionally, in July, the MEV fees collected by validators using the Jito client amounted to approximately $36 million, a 26% increase compared to June.

ChainCatcher news, according to Cointelegraph, Dune Analytics data shows that the success rate of cryptocurrencies listed on pump.fun for launching on Raydium is 1.41%, fluctuating between this number and 1.21% since May, reaching a historical high of 2.56% on February 16.Cinneamhain Ventures partner Adam Cochran commented in an article on August 1: "The 'graduation rate' of tokens on pump.fun has stagnated around 1.4%. No new tokens have 'truly broken through' the $20 million FDV level."Crypto commentator and Web3 developer Bread added that out of the 1.58 million tokens launched on pump.fun, only 22,300 have truly launched on Raydium.

ChainCatcher news, according to DeFiLlama data, in the past 24 hours, the Solana ecosystem DEX platform Raydium has captured over $3.5 million in transaction fees, ranking first in the DeFi market, surpassing Ethereum ($2.98 million) and fees on the Solana chain ($1.47 million).

ChainCatcher message, SolanaFloor shared data on X showing that the trading volume of Raydium in the Solana ecosystem reached $1.168 billion in the past 24 hours, ranking first among all DEXs, with a weekly increase of 111%.

ChainCatcher news, according to GeckoTerminal data, the Solana ecosystem DEX protocol Raydium has surpassed $1.67 billion in trading volume in the past 24 hours, ranking first among DEXs.

ChainCatcher message, Jupiter announced the integration of the new CPMM Program feature of the Raydium protocol. This feature will support the Token2022 token without the need to create a public order book market, and it provides a built-in price oracle by using pool prices. Now, users can trade new tokens and new markets from Raydium through the Jupiter platform.

ChainCatcher news, pump.fun posted on platform X that it has become aware of an attack on its contract and is investigating the matter. The contract has been upgraded, so the attacker can no longer steal any funds.The total value locked (TVL) in the protocol is safe. Trading has been suspended, and it is currently not possible to buy or sell any tokens. Any tokens currently migrating to Raydium cannot be traded and will not be migrated for the foreseeable future. Tokens that have already been successfully transferred from pump.fun's contract and have locked liquidity on Raydium are safe. If users have ever connected their wallets to pump.fun, their wallets are safe. They are working with relevant parties, including law enforcement, to mitigate losses.Previous news, the pump.fun attacker is suspected of conducting random airdrops of the stolen funds, with airdrop recipients including holders of slerf, saga, and others.

ChainCatcher message, Raydium has now integrated with the OKX Web3 wallet, allowing users to perform cross-chain exchanges of crypto assets on Raydium through the OKX Web3 wallet. Raydium is a cross-chain bridge application built on the Wormhole messaging protocol, focusing on seamless cross-chain transfers of Tokens and NFTs. The OKX Web3 wallet is an industry-leading one-stop Web3 gateway, now supporting over 90 public chains, unified across app, plugin, and web.

ChainCatcher news reports that the rumor about Raydium protocol's revenue exceeding Ethereum's may be due to data errors from DefiLlama. According to DefiLlama data, Raydium's fees in the past 24 hours were $75.5 million, with revenue of $9.06 million.Raydium's liquidity is divided into two parts: standard AMM pools and concentrated liquidity pools. According to Raydium's rules, the transaction fee for standard AMM pools is 0.25%, with 0.22% allocated to liquidity providers and 0.03% used for RAY buybacks. The transaction fees for concentrated liquidity pools are divided into four customizable tiers, with liquidity providers receiving 84% of the transaction fees, 12% for RAY buybacks, and 4% allocated to the treasury.Raydium's official website shows that the TVL of standard AMM pools is $203 million, with a trading volume of $501 million in the past 24 hours, resulting in fees of $1.2525 million and protocol revenue of $150,000. The total fees for concentrated liquidity pools are roughly around $300,000, with protocol revenue calculated at about $50,000 based on a 16% ratio. According to rough calculations by PANews, the overall 24-hour fees may be around $1.55 million, but it shows as $75.5 million on DefiLlama; the protocol revenue is around $200,000, while DefiLlama shows it as $906,000.Additionally, Raydium's 24-hour fees of around $1.55 million are comparable to Uniswap's $1.72 million, which is also a more reasonable figure.

ChainCatcher news, according to DefiLlama data, in the past 7 days, the Solana ecosystem DEX Raydium protocol fees reached $161 million, surpassing Bitcoin ($102 million) and Ethereum ($76.59 million) to rank first.