Raydium officially announced the launch of the StoneFun launchpad, and $RAY surged 38% in response. The industry attention brought by this launch is worth watching.
As a long-established AMM and liquidity launchpad in the Solana ecosystem, Raydium’s choice to partner with a new platform also reflects the current trend of renewed activity in the Solana ecosystem. The market has also responded positively to new moves by established projects, and the short-term rush of capital is also validating expectations for an ecosystem recovery.
That said, everyone should still be reminded that market volatility is high, so chasing gains should be done cautiously. While paying attention to ecosystem development, risk management should also be kept in mind.
$RAY #Raydium #Solana ecosystem
As a long-established AMM and liquidity launchpad in the Solana ecosystem, Raydium’s choice to partner with a new platform also reflects the current trend of renewed activity in the Solana ecosystem. The market has also responded positively to new moves by established projects, and the short-term rush of capital is also validating expectations for an ecosystem recovery.
That said, everyone should still be reminded that market volatility is high, so chasing gains should be done cautiously. While paying attention to ecosystem development, risk management should also be kept in mind.
$RAY #Raydium #Solana ecosystem