Raydium is on a tear. July numbers just dropped and they’re massive.

– Over $40B in trading volume for the month, marking a sharp MoM surge
– $18M+ in protocol revenue, showing real fundamentals behind the growth
– With a whopping $5.7M in programmatic $RAY buybacks, tightening supply and reinforcing long-term value

➥ That buyback pressure is already showing up on the charts:
@RaydiumProtocol is now the top mover in the top 100, up ~11% in the last 24 hours and breaking through key resistance levels with conviction.

But the bullish case doesn’t stop there:

– Solana ecosystem is heating up, and Raydium remains its leading DEX
– Deep liquidity across 233+ perpetual contracts, more than Hyperliquid and GMX combined
– Active trader base growing, with increased volume from both retail and institutional flows
– $RAY tokenomics tightening as buybacks continue and emissions stay low
– Protocol upgrades and UI improvements rolling out to support higher throughput and better UX

With macro tailwinds from Solana’s resurgence and growing interest in onchain perps, Raydium is positioning itself as a dominant force in decentralized trading.

If this momentum holds, $RAY could be entering a new accumulation phase backed by real revenue, aggressive buybacks, and expanding market share.

This isn’t just a pump it’s a protocol scaling with purpose.