Solana News Today: Raydium Surges 13.7% on $40B Volume and $5.7M Buybacks

Raydium ($RAY) has posted a significant milestone in July 2025, with a cumulative trading volume of $40.1 billion, representing a 71% increase month-over-month. The protocol’s revenue also surged by 137% to $18.33 million, with $5.7 million of that revenue allocated to programmatic $RAY buybacks, removing 3.45 million tokens from circulation, including both mandatory and discretionary buybacks [1]. This deflationary strategy, combined with strong volume growth, has contributed to a tightening supply of $RAY and increasing bullish momentum in Solana’s DeFi landscape.

The token price has responded positively, with $RAY climbing 13.7% to reach $3.65, positioning itself just below the $3.68 mark [1]. Analysts and traders are watching closely to see if $RAY can break through key resistance levels and move toward the $5 threshold. The recent price action shows a strong breakout above the $3.59 level, supported by robust volume and a reclamation of major moving averages [1]. Technical indicators, including the Relative Strength Index (RSI) and MACD, suggest that bullish momentum remains intact, with RSI at 68 and MACD lines remaining above the signal line, indicating ongoing buying pressure [1].

Raydium’s growth is not only driven by protocol-level performance but also by strategic initiatives such as LaunchLab, a token launchpad that has become a key driver of new liquidity and user engagement. The platform generated approximately $900,000 in daily protocol fees in early August 2025, with 12% of that revenue reinvested into $RAY buybacks [1]. In addition, Raydium has expanded its footprint into traditional finance by serving as the primary liquidity hub for xStocks’ tokenized equities, offering up to $14,000 in weekly $RAY rewards to liquidity providers [1].

The protocol’s position in Solana’s ecosystem is further strengthened by its hybrid architecture, combining automated market maker (AMM) functionality with Serum’s decentralized order book, enabling faster and more efficient trades [1]. Raydium’s dominance is evident in its handling of 95% of Solana-based tokenized stock trading, positioning it as a central player in the integration of traditional assets into DeFi.

Looking ahead, the anticipated Firedancer upgrade, set for Q3 2025, could further enhance Raydium’s capabilities by pushing Solana’s transaction capacity beyond 1 million transactions per second (TPS). This could make Raydium’s liquidity pools even more attractive to new projects and users, reinforcing its competitive edge. However, the platform still faces challenges from competitors such as Orca DEX, which may offer faster launches or lower fees and could potentially capture market share [1].

From a macro perspective, the broader crypto market's stability and continued institutional interest in DeFi could provide further tailwinds for $RAY. As long as volume remains strong and the $3.59 level holds as support, the token is well-positioned for continued upside movement. Whether it will reach $5 in the near term will depend on maintaining this momentum against a backdrop of network upgrades and increasing competition [1].

Source:

[1] Raydium ($RAY) Posts $40B Month; $5.7M Buybacks Tighten Supply – $5 Incoming? (https://cryptonews.com/news/raydium-ray-40b-month-5-7m-buybacks-eye-5/)