Raydium, a decentralized financial protocol, has reached new heights, with its native token price surging to $4.10 and experiencing a significant increase in volume over the past few months. This milestone is particularly noteworthy, as it comes amidst the protocol’s ongoing programmatic repurchase of its native tokens. According to recent data, Raydium has seen a remarkable price increase of 40% over the last week, with its daily volume rising by 47% in the past 24 hours.
The growth of Raydium can be attributed, in part, to the increasing activity on its decentralized exchange (DEX) platform. In July, the automated market maker on Solana reached an impressive monthly volume of $40 billion, which contributed to the price increase of the altcoin. This trend is consistent with the overall growth of the Solana DEX, with Raydium recording a cumulative monthly volume of $40.1 billion and a volume increase of 71% compared to the previous month. Furthermore, the protocol’s sales have increased by 137%, exceeding $18.33 million and outpacing many of its competitors.
One of the key factors driving the growth of Raydium is its programmatic buyback of its native token, Ray. In July, the platform purchased a total of 2.1 million Rays, valued at $5.7 million, and an additional 1.35 million Rays through discretionary maker-side buybacks. This brings the total programmatic buybacks to nearly $200 million, demonstrating the protocol’s commitment to supporting its native token. The growth of Raydium has also been reflected in its increasing share of the Solana DEX volume, which rose to 45% after the release of Launchlab in April 2025.
The traction of Raydium in the market is also evident in its integration as a liquidity provider for tokenized shares on Xstocks. This development highlights the protocol’s potential for growth and adoption in the broader cryptocurrency market. Despite the recent downturn in crypto prices on August 14th, the bullish sentiment surrounding Raydium remains intact, driven by its strong fundamentals and ongoing programmatic buybacks. As the cryptocurrency market continues to evolve, it will be interesting to see how Raydium navigates the challenges and opportunities that lie ahead.
For more information on Raydium’s recent price surge and programmatic buybacks, visit https://crypto.news/raydium-crypto-hits-4-10-on-volume-breakout-ray-buybacks/
