Raydium's 17.43% Rally Hinges on Spot Sellers' Shift

Raydium's [RAY] price surged by as much as 17.43% over the past day, accompanied by significant growth in its trading volume, transactions, and user activity.

According to DeFiLlama data, Daily Active Users on Raydium reached a record high of 162,085 during the past 24 hours, representing a staggering 77.7% increase from September 8th's 91,200 users.

The number of transactions also skyrocketed to 3.1 million, marking an impressive 1.9 million increase over the same period.

While this uptick in activity is promising for RAY's future performance, it's essential to note that protocol usage alone does not guarantee token purchases.