$RAY Rockets 33% Weekly as $200M Buybacks Light Solana DeFi on Fire

Key Points

1. Raydium ($RAY) gained 33% weekly, trading at $3.71 with $443M daily volume, driven by Solana DeFi momentum and a $200M buyback program.

2. Raydium's features include permissionless liquidity pools, an NFT launchpad, and concentrated liquidity market makers (CLMMs), with a TVL of $2.33B and daily DEX volume over $1.16B.

3. The protocol generates $196K daily revenue and has returned $654M to holders cumulatively, with $126M in $RAY staked (12.6% of market cap).

4. A $200M programmatic buyback was announced, and $RAY's visibility increased after its Upbit listing, causing a price surge of up to 25%.

5. In July 2025, Raydium recorded $40B in cumulative monthly volume (71% MoM increase) and $18.33M in protocol revenue (137% MoM increase), with $5.7M allocated to buybacks.