Raydium's native token RAY surged to $4.10 on August 14, reaching a multi-month high as trading volume exploded and the protocol approaches a $200 million programmatic buyback milestone. The token recorded a 40% weekly gain and 47% daily volume increase, outperforming most top-100 cryptocurrencies despite a broader market downturn.
This rally coincides with $40.1 billion in monthly DEX volume recorded in July – a 71% month-over-month increase – and $18.33 million in protocol revenue, representing 137% monthly growth. Raydium's buyback initiative allocated $5.7 million to repurchase 2.1 million RAY in July, supplemented by an additional 1.35 million RAY through discretionary maker-side buybacks.
The Solana-based DEX has significantly increased its ecosystem dominance, capturing 45% of Solana's DEX volume (up from under 30% in June) following its April 2025 Launchlab upgrade. Technical charts show RAY facing resistance at $4.20 after its breakout rally, with current support near $3.65 as volume analysis indicates persistent selling pressure above $3.75.