Raydium (RAY) Surges 7.74% Daily Despite Yearly Decline

Coin WorldThursday, Jun 19, 2025 12:04 pm ET
1min read

Raydium (RAY) is currently trading at $2.22, marking a significant +7.74% daily gain despite an overall downtrend of -4.16% weekly, -29.79% monthly, and -54.54% year-to-date. This recent bounce comes after the token held firm at a key technical support level. Over the past year,

has seen a -66.43% decline from its all-time high of $16.93, but it still maintains a +50.34% gain, indicating relatively strong performance compared to other DeFi tokens in the Solana ecosystem.

Raydium is a core decentralized exchange (DEX) and automated market maker (AMM) built on the Solana blockchain. Unlike typical

, Raydium interacts with Serum’s order book, providing liquidity to the broader Solana DeFi ecosystem beyond its own pools. This interaction boosts cross-protocol liquidity access and depth metrics, making Raydium a key player in the Solana DeFi landscape.

Recent updates for Raydium include its listing on WOO X in February 2025, which expanded its centralized exchange exposure. Additionally, RAY was listed on Bithumb and KuCoin in Q4 2024, significantly boosting its accessibility in Asia. Jito (JTO) and RAY were highlighted as drivers of Solana’s DeFi revival, with both tokens rallying earlier in Q1 2025. However, a breakout from key resistance in early 2025, which triggered speculation of a new bullish phase, has since retraced heavily.

Technically, RAY is rebounding from a major support level near $2.00, after pulling back from its previous 2025 highs around $3.10. It is now attempting to regain structure above its 200-day EMA, and a sustained move above $2.40–$2.60 could signal the beginning of a mid-term bullish reversal. If it fails to hold current levels, $1.80 remains the key support to watch.

On-chain volume remains robust, with 24-hour trading volume above $450 million, indicating strong speculative interest. With a circulating supply of 267 million tokens and a max cap of 555 million, RAY is moderately inflationary but still within acceptable thresholds for a DEX utility token. Its current market cap is around $591 million, with a fully diluted valuation of $1.23 billion.

Fundamentally, Raydium is considered one of the top Solana-native protocols, and its performance is closely tied to Solana’s overall DeFi health. As Solana continues to attract developers and capital, especially following its low-fee narrative and meme coin boom, Raydium is well-positioned to capture growing swap and liquidity provider (LP) volume. However, competition from other protocols such as Jupiter, Orca, and Phoenix remains strong.