Solana News Today: RAY Surges 20% in Early August Amid TradFi Expansion and Fee Growth

RAY has continued its price rally in early August 2025, posting a notable 20% gain amid broader market optimism, though it remains 18% below its all-time high of $4,878, set nearly four years prior [1]. This performance aligns with a key revenue milestone and an aggressive push into traditional finance (TradFi), signaling growing legitimacy and momentum for the Solana-based decentralized exchange (DEX) platform.

The DeFi ecosystem surrounding RAY is expanding rapidly, with Raydium’s new memecoin launchpad, LaunchLab, emerging as a critical revenue driver. On August 9, the platform generated $900,000 in daily fees—surpassing swap revenue for the first time. A portion of these fees, around $110,000 per day, is being used for RAY buybacks, offering a 6% annualized yield at current prices. This mechanism is actively reducing the token’s circulating supply and reinforcing confidence in the protocol’s profitability. The momentum has also been fueled by BonkFun tokens, which represent 44% of the Solana memecoin market, migrating to Raydium pools [1].

In another major development, Raydium partnered with xStocks in July to become the primary liquidity provider for tokenized equities such as $TSLAx and $SPYx. This partnership brings TradFi exposure into Raydium’s ecosystem and positions the platform as a key player in the $2.1 billion tokenized equity niche. Liquidity providers on Raydium are earning up to $14,000 in weekly RAY rewards, further enhancing the token’s utility and demand. Solana currently processes 95% of tokenized stock trades, giving Raydium a strategic advantage [1].

Technically, RAY has broken above its 200-day simple moving average at $2.99 and the 50% Fibonacci retracement level at $2.98, confirming bullish momentum. The relative strength index (RSI) is currently at 63.1, just below overbought territory, while the moving average convergence divergence (MACD) remains positive. Current resistance is at $3.82, the 127.2% Fibonacci extension, with support at $3.26. However, relatively thin liquidity compared to competitors could still cause higher volatility [1].

The platform’s broader strategy is being viewed by analysts and market participants as a meaningful shift from speculative-driven growth to value-driven development. Innovations such as ConsumerFi and AI integrations on NEAR are contributing to user monetization and engagement, turning attention into income and expanding RAY’s utility beyond speculative trading [1].

Looking ahead, investors will closely monitor whether LaunchLab can maintain a 60% fee growth rate through Q3 2025 despite competition from Pump.fun. If the momentum continues and adoption of xStocks’ ETFs rises, RAY could push toward the next technical targets, solidifying its role in Solana’s DeFi expansion [1].

The growing interest from TradFi players signals that the RAY project is being taken seriously by a sector historically skeptical of crypto assets. This shift reflects a broader trend in the crypto space, where on-chain and off-chain financial systems are beginning to converge. If RAY continues to deliver tangible growth and adoption, it could emerge as a key asset at the intersection of DeFi and TradFi [1].

Source:

[1] (Stocktwits) https://stocktwits.com/news-articles/markets/cryptocurrency/ai-near-turns-attention-into-income/chrniOzRd42