Raydium ($RAY) Posts $40B Month; $5.7M Buybacks Tighten Supply – $5 Incoming?
Main Idea
Raydium ($RAY) has experienced significant growth with a 13.7% price surge to $3.65, driven by $40B in monthly volume and $5.7M in buybacks, positioning itself as a key player in Solana's DeFi ecosystem.
Key Points
1. Raydium's price surged 13.7% to $3.65, with strong bullish momentum and $40B in monthly trading volume.
2. LaunchLab, Raydium's token launchpad, generated $900K in daily protocol fees, with 12% allocated to $RAY buybacks, creating a deflationary effect.
3. Raydium became the primary liquidity hub for xStocks' tokenized equities, offering liquidity providers up to $14K in weekly $RAY rewards.
4. The Firedancer upgrade in Q3 2025 aims to boost Solana's transaction capacity beyond 1M TPS, potentially enhancing Raydium's liquidity pools.
5. July's cumulative trading volume reached $40.1B (71% MoM increase), with $18.33M in protocol revenue and $5.7M allocated to $RAY buybacks.
Description
$RAY is crushing it with a 13.7% rocket ride to $3.65! Solana’s DeFi dark horse is absolutely smashing resistance as traders pile in, but this is no meme pump. With $40B in monthly volume and game-changing buybacks, this AMM means business. Behind the scenes, Raydium’s becoming Solana’s liquidity war machine—processing billions while competitors sleep. Source: CoinGecko Raydium ($RAY) Rides Solana’s DeFi Revival As a core automated market maker (AMM) integrated with Serum’s decentralized order b...
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