Raydium Price Surges 90% in Weekly Rally

Raydium's price surged to an 11-month high on Friday, reaching $1.75 after a 90% weekly rally. This makes it the second-strongest performer among the top 300 cryptocurrencies.

The token, which is used for Solana decentralized exchanges (DEX), gained ground while the wider crypto market slipped 3.9% over the same seven days.

Most Solana ecosystem tokens followed the market lower this week, but Raydium stood out as an outlier with a significant gain of 14.67% in the past 24 hours alone.