Raydium's Fundamentals Fuel Rally to New Highs

The Raydium token has seen significant price gains in recent days, but its current rally is notable for one key factor: actual DEX revenue. According to DefiLlama, the protocol has generated $34.24 million in fees and $5.68 million in revenue over the last 30 days, with $8.086 billion in DEX volume.

This real-world backing provides a solid foundation for the token's price prediction, which checks whether this fundamental support can carry Raydium past its next resistance test. Currently, $RAY trades near $1.78, up 6.24% in 24 hours despite a small 1.45% dip over the last four hours.

The protocol's total value locked sits at $1.324 billion, with $269.73 million tokens circulating against a maximum supply of 555 million. The token's market cap is around $476 million, and its fully diluted valuation is near $987 million.