Raydium price has jumped more than 14% in the past day, making it the biggest mover in the market right now. It’s trading at $3.41, and trading volume has exploded by 392%.
The surge is being linked to strong protocol revenue growth, new use cases in its ecosystem, and a bullish chart setup. Some traders, like Willyjayducks on X, also point out that when RAY starts heating up, Solana (SOL) often follows.
A big part of the momentum is coming from Raydium’s LaunchLab, its token launchpad, which pulled in $900,000 in daily protocol fees on August 9. That’s the first time fees from LaunchLab have topped revenue from swaps.
The spike is fueled by BonkFun’s dominance in the Solana memecoin space, holding 44% of the market and listing every token on Raydium.
What’s more, 12% of those fees go straight into daily RAY buybacks, which are currently around $110,000 per day. At today’s price, that works out to an annualized yield of roughly 6%.
This fee-driven model gives buybacks a more stable base than relying solely on trading volume. The question now is whether LaunchLab can keep up its 60% monthly fee growth while facing new competition from Pump.fun’s liquidity program.
If August continues for @RaydiumProtocol as in July, they will takeover everything on Solana!🚀
The infra behind almost everything is turning heads with their stats:
▫️LaunchLab revenues are exploding in July
— MrGreenity (@MrGreenity) August 9, 2025
(almost +300%)
▫️ $RAY massively undervalued with $190M+(!)… https://t.co/I3M8Vb4P5A pic.twitter.com/g6Q0u0YiN6
RAY Ecosystem Expansion via xStocks
Raydium also powers 95% of trading volume for xStocks, a platform handling $2 billion in tokenized equity trades such as Tesla and the S&P 500. Liquidity providers on xStocks earn RAY rewards, with $14,000 in weekly incentives as of July 10.
This diversification strengthens Raydium’s presence beyond memecoin markets, though tokenized equity trading remains under regulatory scrutiny in several jurisdictions. Data shows that 27% of the global crypto market cap is in regions that restrict such products.
Read Also: Why the Next XRP Rally Could Push Price to $10
Raydium Price Technical Setup Points to Breakout
On the daily chart, RAY is forming an ascending triangle with flat resistance near $3.45 and higher lows building from $2.20.
Willyjayducks notes that a daily close above $3.45 could trigger a rally, with potential targets at $3.80, $4.20, and $4.55 based on measured move calculations.
Additionally, RAY Price is also pushing resistance while trading above an uptrend line at approximately $3.05–$3.10. To breakout with conviction, the move would need to be validated by higher trading volume. Meanwhile, the area from $3.05 up to $3.45 remains the zone to watch.
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