Raydium crypto hits $4.10 on volume breakout, RAY buybacks
Raydium has reached highs of $4.10, rising to a multi-month peak amid a significant spike in volume as the decentralized finance protocol nears a key milestone in its programmatic buybacks of the native token.
- Raydium price jumped to highs of $4.1 amid volume spike and broader altcoin uptick.
- The cyptocurrency’s price however slipped slightly after crypto prices tanked on Aug. 14.
- Bullish sentiment remains intact for Raydium amid $200 million programmatic buybacks.
While headlines have recently revolved around mega cap altcoins, Raydium (RAY) has quietly moved higher.
After a notable price increase from lows of $3 as Ethereum (ETH) broke to near its all-time high and Solana (SOL) jumped above $200, Raydium stands among the top gainers in the past 24 hours for largest 100 cryptocurrencies by market cap. RAY is also one of the few altcoins to remain green amid the dump that hit the crypto market on Aug. 14.
RAY price has jumped 40% this past week, while daily volume has increased 47% in the past 24 hours.
DEX activity boosts Raydium crypto
The surge to above $4.10 for Raydium’s native token has coincided with key network milestones over the past month. July saw the automated market maker on Solana reach a staggering monthly volume of $40 billion, a rally that fueled the altcoin’s price increase.
With Solana DEX activity trending upward, Raydium posted a cumulative monthly volume of $40.1 billion. The protocol witnessed a 71% month-on-month increase in volume. However, this isn’t the only bullish aspect of Raydium’s growth during the period.
The DEX protocol recorded a 137% spike in revenue, outpacing many competitors to reach $18.33 million.
Nearly $200 million in RAY buybacks
Notably, Raydium has increased its programmatic buybacks of RAY.
In July, the platform repurchased a total of 2.1 million RAY with an allocation of $5.7 million. Additionally, the protocol reaccumulated another 1.35 million RAY through discretionary maker-side buybacks. Together, Raydium is approaching $200 million in programmatic buybacks.
Growth for Raydium has also come in the form of the protocol’s share of Solana DEX volume.
Having dipped to under 30% in June, the metric climbed to 45% following the Launchlab unveiling in April 2025. Traction across the real-world assets market is also increasing, including Raydium’s integration as the liquidity hub for tokenized equities on xStocks.
