People seriously underestimate how undervalued Raydium and RAY are.
The team at @RaydiumProtocol are the true OGs of Solana. They’re the infrastructure layer powering almost everything you interact with on the network.
We’re talking about:
- The biggest DEX on Solana
- Tokenized Stocks
- BonkFun (Trenches)
- Top liquidity provider on SOL
- LaunchLab
- Genesis by Metaplex
- Multiplier
And a whole lot more, quietly running behind the scenes thanks to Raydium.
Now look at the numbers from just the last 30 days (July):
- $40.1B in cumulative monthly volume (71% increase month-over-month)
- $18.33M in protocol revenue (137% MoM increase)
- 3.45M RAY bought back (that’s approximately $9.5M in one month)
Yes, that’s all in ONE MONTH.
Zoom out even further, and Raydium has now bought back over $190M worth of RAY to date.
Let that sink in: $190 million in RAY buybacks, and the token still sits at a $760M market cap.
That means over 25% of the entire market cap has been bought back using REAL revenue, not inflation, not token emissions, not speculation. Just REAL usage, REAL fees, and REAL demand.
If you’re bullish on Solana and still ignoring Raydium, you’re missing the infrastructure that’s holding the entire ecosystem together.
You can’t call yourself a Solana supporter and overlook the OGs actually building and sustaining the network.
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