Why Is Raydium (RAY) Price Pumping Today?

TLDR: Raydium’s $40B July volume marks a sharp monthly surge, lifting its position as Solana’s leading DEX. $RAY price rose 12.83% in 24 hours as $5.7M in programmatic buybacks tightened circulating supply. Raydium recorded $18M+ in protocol revenue for July, showing growth beyond speculative activity. Liquidity across 233+ perpetual contracts surpassed both Hyperliquid and GMX [...]

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