Raydium (RAY) surged 10% in 24 hours to $1.76, outperforming the crypto market by nearly 4%. This rise is driven by Raydium's key role in supporting Injective's Solana expansion and handling 64% of StonkFun's $2.67 billion trading volume, highlighting strong protocol usage. Its Total Value Locked reached $1.26 billion, and holders' revenue hit $280,000 in a day, showing solid liquidity and revenue growth beyond Solana's general gains. The main challenge ahead is maintaining the $1.75 support level as momentum stabilizes, with continued ecosystem activity crucial for sustaining gains.
Raydium (RAY) trades at Rp31.622 on Pluang as of Sep 22, 2026 23:24 WIB, showing a modest 0.12% increase in the last day. Despite the news of a 10% surge, Pluang data indicates a more stable price movement. Solana (SOL), closely linked to Raydium's ecosystem, is priced at Rp2.092.873 with a slight 0.09% decline over the same period, reflecting a more cautious market sentiment.
Solana has become the top blockchain for decentralized exchange (DEX) volume, regularly exceeding $17 billion weekly and surpassing $3 trillion in cumulative trades. Key drivers include stablecoin swaps, memecoin transactions, and tokenized equities,...
Raydium's price surged 15.19% following Injective's expansion to Solana, which boosted Raydium's decentralized exchange liquidity and trading activity. As a day-one liquidity partner, Raydium gained access to new trading volume, particularly in memec...
