Raydium Distributes $13 Million in Rewards via LaunchLab and LetsBonk

According to Raydium’s official announcement, the Solana-based DEX has introduced weekly RAY lotteries and daily trading leaderboards, adding new incentives for users after distributing over 4.1 million RAY tokens.

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210d ago

Summary

Raydium officially announced that it has distributed more than $13 million in rewards, equivalent to approximately 4.1 million RAY tokens, since the launch of its LaunchLab and LetsBonk programs. The platform has now introduced weekly RAY lotteries and daily trading leaderboard rewards as part of its ecosystem incentives.

Terms & Concepts

Raydium (RAY): A decentralized exchange and automated market maker built on the Solana blockchain, using the RAY token for rewards and governance.
LaunchLab: A Raydium platform designed to support new project launches and token offerings within the Solana ecosystem.
LetsBonk: An initiative linked to Raydium aimed at rewarding traders and creators, contributing to broader ecosystem engagement.