Crypto
RAY Token Surges as Solana DeFi Volumes Reach New Highs
The RAY token has seen significant gains, climbing 24.5% in the 24 hours ending April 26, 2026, according to CoinGecko data.
Daily trading volume reached $173.8M, accounting for roughly 77% of its $224M market cap.
Raydium is an automated market maker built on Solana (SOL), utilizing a central order book model borrowed from Serum.
The protocol also functions as a launchpad for new Solana tokens through its AcceleRaytor program, and the RAY token governs fee parameters and grants staking rewards to holders.