$RAY is an interesting way to play the Solana ecosystem beyond simply betting on token prices.
Raydium’s latest 30-day figures:
• $7.16B in DEX volume
• $20.43M in fees
• $3.16M in protocol revenue
• $2.45M in RAY buybacks
But there’s a catch: 24h holder revenue is around $25.7K, versus a 30-day average of roughly $81.7K per day, a slowdown of about 69%.
I’m watching for a recovery in Solana trading activity, followed by stronger Raydium volume, revenue and buybacks, before the market fully reprices RAY.
Real value capture is compelling. Sustained momentum is what matters next.
Raydium’s latest 30-day figures:
• $7.16B in DEX volume
• $20.43M in fees
• $3.16M in protocol revenue
• $2.45M in RAY buybacks
But there’s a catch: 24h holder revenue is around $25.7K, versus a 30-day average of roughly $81.7K per day, a slowdown of about 69%.
I’m watching for a recovery in Solana trading activity, followed by stronger Raydium volume, revenue and buybacks, before the market fully reprices RAY.
Real value capture is compelling. Sustained momentum is what matters next.