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Errol Musk, father of Elon Musk, and Nathan Browne aim to raise $150-$200 million through the meme coin Musk It (MUSK) to fund the Musk Institute, a for-profit scientific think tank focused on advancing scientific pursuits like flying vehicles. Despite the name association, Elon Musk is not involved in the project, which launched in December 2024 and peaked at $0.3322 before dropping to $0.02603. Meanwhile, the ROSS token, linked to Ross Ulbricht, experienced a dramatic price surge of over 700% after a significant sell-off mishap involving its wallets.
Raydium has integrated with Orderly Network to launch perpetual futures trading on the Solana blockchain, becoming the first DEX in the ecosystem to utilize Orderly’s omnichain orderbook. This collaboration enhances trading opportunities by providing deep liquidity and a unified orderbook, addressing previous limitations in Solana's futures market. With over 8.4 million active users, Raydium aims to expand its DeFi offerings and create more dynamic markets for traders.
Solana's decentralized exchanges (DEX) have achieved remarkable daily trading volumes of $3.98 billion, surpassing the combined volumes of Ethereum ($1.70 billion) and Base ($1.20 billion). Over the past week, Solana's DEX volumes increased by 47.66%, while Ethereum and Base saw modest growth. Raydium, the leading DEX on Solana, has outperformed Uniswap, with trading volumes skyrocketing over tenfold in 2024, driven in part by the popularity of memecoins.
Raydium is a prominent player in the decentralized finance (DeFi) ecosystem, leveraging the Solana blockchain for fast, low-cost transactions. Its automated market maker (AMM) model enhances trading efficiency and liquidity, while strategic partnerships bolster its market presence. With ongoing technological advancements and growing institutional interest, Raydium is poised for significant growth, though potential investors should remain cautious and conduct thorough research.
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Errol Musk launches meme coin to fund new scientific institute
09:17 31.01.2025
Raydium partners with Orderly Network to launch Solana perpetual futures trading
19:15 09.01.2025
Solana DEX Achieves Record Volumes Surpassing Ethereum and Base Combined
09:04 07.01.2025
Raydium's Innovative Role in the Growing Decentralized Finance Ecosystem
03:47 04.01.2025
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