michi (SOL)

Solana

michi (SOL) ($MICHI) is a cryptocurrency launched in 2024and operates on the Solana platform. michi (SOL) has a current supply of 999,998,318.4992 with 259,417,597.166098 in circulation. The last known price of michi (SOL) is 0.00110055 USD and is up 4.75 over the last 24 hours. It is currently trading on 198 active market(s) with $12,897.64 traded over the last 24 hours. More information can be found at https://michi.meme/.

PumpSwap

## What Is Raydium?

[Raydium](https://coinmarketcap.com/currencies/raydium/) is a [Solana](https://coinmarketcap.com/currencies/solana/)-based [decentralized exchange](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex) (DEX) with an [automated market maker](https://coinmarketcap.com/alexandria/glossary/automated-market-maker-amm) (AMM) model. Users can [swap](https://coinmarketcap.com/alexandria/glossary/token-swap), trade, and become [liquidity providers](https://coinmarketcap.com/alexandria/glossary/liquidity-provider-tokens-lp-tokens). The exchange provides liquidity to [Serum](https://coinmarketcap.com/currencies/serum/), another Solana-based exchange with a central [order book](https://coinmarketcap.com/alexandria/glossary/order-book) model. Therefore, Raydium users can access the order flow and liquidity of Serum and vice versa. Furthermore, the platform claims to offer the best price swap feature that automatically determines whether a token swap is cheaper if routed through the [liquidity pool](https://coinmarketcap.com/alexandria/glossary/liquidity-pool) or the Serum order book. 

Users can also add liquidity and receive LP tokens, which represent a proportional share of the pooled assets. Every time a token swap is performed, LP token holders receive 0.22% of the trade volume. It is distributed according to the proportion of liquidity provided to the pool. There is also an option to create permissionless pools, which will also place orders on the Serum order book. This way, users can add any token pairs they wish and earn a share of the trading fees. 

The native [RAY](https://coinmarketcap.com/currencies/raydium/) token can be staked to earn additional tokens. It also serves as a [governance token](https://coinmarketcap.com/alexandria/glossary/governance-token) that can be used to vote on improvement proposals and fee structures on the exchange.  


## Who Are the Raydium Founders?

AlphaRay leads overall strategy, operations, product direction and business development for Raydium. With a background in algorithmic trading in commodities, Alpha transitioned to market making and liquidity providing for cryptocurrency in 2017 and hasn't looked back. After diving into DeFi in the summer of 2020, Alpha saw a market need for an order book AMM to aggregate liquidity, and with the release of Serum, pulled together a team of experienced trading developers to tackle the problem head on.
XRay is Raydium's Chief of Technology and Dev Team leader. X has 8 years of experience as a trading and low latency systems architect for both traditional and crypto markets. X designs all of Raydium’s systems and infrastructure as needed.
GammaRay heads up marketing and communications while also playing a key role in strategy and product direction. Gamma spent a large part of his career at a leading data analytics and market research firm, working on both client engagements and corporate marketing. Prior to Raydium, Gamma's focus within cryptocurrency has been technical analysis and discretionary trading.

## When Did Raydium Launch?

Raydium launched on February 21, 2022. 


## Where Is Raydium Located?

The exchange does not list its location on its Crunchbase profile. 


## Raydium Restricted Countries

The Raydium Protocol is not available to residents of Belarus, The Central African Republic, The Democratic Republic of Congo, North Korea, Crimea, Donetsk and Luhansk regions of Ukraine, Cuba, Iran, Libya, Somalia, Sudan, South Sudan, Syria, the US, Yemen, Zimbabwe and any other jurisdiction in which accessing or using the protocol is prohibited.


## Raydium Supported Coins List 

Raydium supports all Solana-based SPL tokens. 


## How Much Are Raydium Fees?

At the time of writing, token swaps incur a 0.25% trading fee, with 0.22% returned to the liquidity pools as a fee reward and 0.03% distributed to the staking pool.


## Is It Possible To Use Leverage or Margin Trade on Raydium?

Raydium does not offer [leverage](https://coinmarketcap.com/alexandria/glossary/leverage) or [margin trading](https://coinmarketcap.com/alexandria/glossary/margin-trading).

Raydium

## What Is Orca?

Orca touts itself as the "easiest, fastest, and most user-friendly cryptocurrency exchange on the Solana blockchain." Being one of the first automated [market makers](https://coinmarketcap.com/alexandria/article/what-are-automated-market-makers) (AMM) launched on [Solana](https://coinmarketcap.com/alexandria/article/solana), the decentralized exchange (DEX) maintains its own [liquidity pools](https://coinmarketcap.com/alexandria/glossary/liquidity-pool). It allows users to swap assets, participate in yield farming, and provide liquidity.

The platform leverages Solana’s quick transactions and low fees. On one hand, users can perform low-fee token trades. On the other, they can provide [concentrated liquidity](https://coinmarketcap.com/alexandria/glossary/concentrated-liquidity) to the platform to earn a share of trading fees.

### Who Are the Founders of Orca?

Orca was co-founded by Grace Kwan and Yutaro Mori. Kwan, aka "Ori," is the UX designer. She graduated from Stanford with a B.S. and M.S. in Computer Science before working as a software engineer at Coursera and a designer at IDEO.

Yutaro is the brain behind Orca's core AMM. He has been active in the crypto space since 2017 at the Ethereum Foundation. He worked on the Eth2 Go client and Layer 2 solutions before making a foray into Solana.

### When Was Orca Launched?

The project launched in February 2021 without external funding. In September 2021, the [total value locked](https://coinmarketcap.com/alexandria/glossary/total-value-locked-tvl) (TVL) on the protocol had exceeded $300 million, while its trade volume exceeded $700 million.

### Where Is Orca Located?

The company is located in New York, United States.

### Orca Restricted Countries

Although Orca’s "Terms of Use Agreement" did not explicitly name any country as restricted, the company advised users in areas prohibited by the applicable law to desist from using its platform.

### What Coins Are Supported on Orca?

The DEX supports over 200 markets, with the most popular trading pairs being SOL/USDC, SOL/STSOL, and SOL/MSOL.

### How Much Are Orca Fees?

Trading fees vary depending on the route the AMM uses. The fee structure on the platform is as follows: stable whirlpool – 0.01%, whirlpool – 0.2%, stable pool – 0.07%, and pool – 0.3%. A "double-hop trade" such as SOL to USDT to ETH would pay 0.3% to trade SOL to USDT and another 0.3% to trade USDT to ETH.

### Is it Possible To Use Leverage or Margin Trading on Orca?

The decentralized trading platform does not support margin trading.

Orca

## What Is Kraken?

Kraken is a US-based cryptocurrency exchange where users can buy, sell and trade various assets with relatively low commissions. Clients can also earn rewards through coin staking. The exchange has a leading level euro volume and liquidity and allows users to trade over 100 crypto assets and 7 fiat currencies, including USD, CAD, EUR, GBP, JPY, CHF and AUD, on-the-go with a web platform and mobile apps.

Founded in 2011, it was one of the first few crypto exchanges offering spot trading, derivatives and index products. Today, the company offers numerous products and services, including but not limited to: spot trading, margin trading, futures, indices, stakings, OTC and an upcoming non-fungible token (NFT) marketplace. The exchange serves over 8 million traders and institutional clients, and is backed by Digital Currency Group, Blockchain Capital, Tribe Capital, Hummingbird Ventures and more.


## Who Are the Kraken Founders?

The centralized exchange is owned by Payward Inc., founded by its CEO, crypto pioneer Jesse Powell.

Powell has been working with digital currencies since 2001. He graduated from California State University with a degree in Philosophy with a concentration in Ethics & Law, founded the Verge Gallery and Studio Project, created Internet Ventures & Holdings.


## When Did Kraken Launch?

Kraken was founded in 2011 and launched in September 2013, offering Bitcoin, Litecoin and euro-denominated trades initially.


## Where Is Kraken Located?

The company is based in San Francisco, California.


## Kraken Restricted Countries

Kraken is available to all U.S. residents, except those living in New York and Washington. However, Kraken Futures are not available to all U.S. residents. Currently, the platform serves millions of customers in approximately 200 countries.

The company has several restrictions for the following countries: Afghanistan, Central African Republic, Congo-Brazzaville, Eritrea, Congo-Kinshasa, Guinea-Bissau, Cuba, Lebanon, Iran, Mali, Iraq, Namibia, Libya, Somalia, North Korea, South Sudan, Syria, Sudan, Tajikistan and Yemen.


## What Coins Are Supported on Kraken?

More than 120 coins are supported on the platform, including [BTC](https://coinmarketcap.com/currencies/bitcoin/), [ETH](https://coinmarketcap.com/currencies/ethereum/), [LTC](https://coinmarketcap.com/currencies/litecoin/), [XRP](https://coinmarketcap.com/currencies/xrp/), [ETC](https://coinmarketcap.com/currencies/ethereum-classic/), [ZEC](https://coinmarketcap.com/currencies/zcash/), [USDT](https://coinmarketcap.com/currencies/tether/) and more.


## How Much Are Kraken Fees?

Fees on the platform vary across different products, such as Instant Buy, Kraken Pro, Stablecoins, Margin, Futures and NFT. For the basic Instant Buy service, the company charges a fee of 0.9% for stablecoins and 1.5% for other crypto assets, on top of fees charged for different payment methods. For Kraken Pro, it uses a maker-taker fee model where maker fees range 0.00% to 0.16% and taker fees range from 0.10% to 0.26%, depending on how often a user trades each 30-day period.


## Is It Possible To Use Leverage or Margin Trading on Kraken?

For advanced users, Kraken Pro offers margin and futures features. The platform offers up to 5X leverage. The maximum level of leverage depends on the currency pair.

Kraken

## What Is MEXC?

MEXC is a global cryptocurrency exchange that positions itself as Your Easiest Way to Crypto. Established in 2018, MEXC is known for its user-friendly interface, deep liquidity, and wide variety of crypto assets. With over 40 million users in 170+ countries and regions, MEXC offers a secure and streamlined platform where users can trade 3,000+ cryptocurrencies, access trending tokens early, enjoy daily airdrops, and benefit from extremely low fees.
MEXC provides advanced trading infrastructure, industry-leading order execution, and strong product diversity including spot, futures, margin trading, ETF products, staking, and launchpads.

MEXC enforces rigorous safeguards, including bi-monthly Proof of Reserves updates demonstrating reserve ratios exceeding 100% across all major cryptocurrencies. The exchange has provided over $526 million through its Insurance Fund Account to cover deficits that occur when users' losses during liquidation exceed their available margin.

MEXC drives industry growth via a $300 million Ecosystem Development Fund and the IgniteX initiative—a $30 million CSR program dedicated to nurturing Web3 talent. Community-focused efforts such as Bitcoin Pizza Day celebrations and educational initiatives reinforce its commitment to global blockchain adoption.

##  Who Are the Founders of MEXC?

MEXC was founded by a team of early blockchain believers with backgrounds in finance, tech, and cybersecurity. The founding team envisioned a trading platform that could combine security, speed, and simplicity. While MEXC has maintained a low public profile in terms of founder identity, the exchange is currently led by a global team of over 2,000 employees across 40+ countries, including experts in engineering, compliance, marketing, and operations.

## When Did MEXC Launch?

MEXC was launched in 2018. Since its inception, it has rapidly scaled its infrastructure, user base, and compliance framework, becoming one of the most recognized and trusted crypto exchanges worldwide.


## Where Is MEXC Located?

MEXC operates globally with regional offices in multiple jurisdictions. The company is registered and regulated in several jurisdictions and works with local partners to ensure its products align with regulatory frameworks.

## MEXC Restricted Countries

MEXC aims to serve users globally but restricts or limits access in jurisdictions where cryptocurrency trading is prohibited by law or regulation. These restricted jurisdictions include sanctioned countries such as Iran, Cuba, Syria, and North Korea, as well as other regions where crypto trading is not permitted, including Mainland China, Singapore, and the United States.

## What Coins Are Supported on MEXC?

MEXC supports 3,000+ cryptocurrencies, making it one of the most diverse platforms in the industry. These include top assets like BTC, ETH, XRP, SOL, BNB, TON, ENA, APT, and TRUMP as well as early listings of trending memecoins, DeFi tokens, Layer 2 assets, AI, and GameFi projects. MEXC is widely recognized for being among the first exchanges to list emerging tokens, giving users a competitive edge.

## How Much Are MEXC Fees?

MEXC offers extremely low fees compared to industry averages. The standard trading fees are:
Spot trading: 0% maker fee and 0.05% taker fee (often reduced during campaigns or with fee credits)
Futures trading: 0.00% maker fee and 0.01% taker fee (may vary by region)
In addition, MEXC offers:
Zero-fee promotions on selected pairs
Discounted rates for high-volume, MX token holders, or VIP users
Note: Fees are subject to change and may vary based on promotional campaigns, trading volume, or user level. Withdrawal fees and trading fees also vary depending on the asset and network conditions.

## Is It Possible To Use Leverage or Margin Trading on MEXC?

Yes. MEXC offers robust leverage and margin trading services:
Futures trading: up to 500x leverage on selected perpetual contracts
Margin trading: up to 10x leverage on supported spot pairs
ETF products: Leveraged tokens (e.g., 3x Long/Short) for users who want exposure without direct borrowing

MEXC

Biking Exchange is one of the world's leading secure cryptocurrency exchanges, always adhering to the user-oriented principle, with professional team services, stable market data, secure software systems, and diverse trading methods.

* Fast Experience - Our platform focused on user-friendly, convenient, and comfortable trading experience. As well as transparent processes, and microsecond-level matching system.

* Anti-risk Price Mechanism - We use multiple sources to support our Trading Pair's index and data, and to protect our users from avoiding risks and losses by under the extreme market conditions.

* Fund security guarantee - All the deposits and withdrawals are done through Multiple offline signatures. Microsecond judgement, deep cold storage for your assets, and bank-level risk control.

* Top Technical Team - We have world class rated technical team to support the development and to provide a better experience for our users.

* Tiered Reduction Mechanism - The risk control mechanism on user' s trades will be reasonably triggered due to market fluctuation to protect our valuable user's assets every second.

* 24/7 Customer Support - Our Customer Support team is available 24 hours. Please get in touch anytime to solve your concerns.

Biking exchange will always be the best choice for the majority of users, and it is absolutely worthy of your trust.

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