Crypto
Raydium Token Rises 10% Amid Dominance in StonkFun Trading
Raydium's token, RAY, surged by 10% over the past 24 hours to reach $1.76, significantly outperforming the broader crypto market by 3.99%. This price jump coincided with Raydium supporting Injective's expansion into Solana and dominating StonkFun's trading activity.
StonkFun saw its all-time high in Trading Volume reach $2.67 billion, with Raydium processing a substantial 64% of this total, or $1.713 billion. This indicates that the protocol's integrations are translating into tangible usage across various metrics.
The Total Value Locked (TVL) on Raydium climbed to $1.26 billion, while Holders Revenue over 24 hours rose to $280,000. These figures suggest a robust underlying support for RAY beyond just price momentum.