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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.