confession, i stopped paying attention to $RAY after the first solana summer and i think i wrote it off too early raydium has been the amm on solana since basically the start, and it still sits in the top 100 on cmc what i like is the token actually does something, you stake ray to earn a share of protocol fees and vote on governance cmc shows the market cap sitting under the protocols tvl, which feels cheap for a dex this central to the chain the catch is supply, only about half of the max supply is circulating, so dilution is still part of the story and the chart is nowhere near the old high, so the early bagholders havent forgotten tbh i like it more as a bet on solana activity than as a hype trade used it or nah ?