Raydium's Infrastructure-Driven Rally: A Look at the Real Numbers
Raydium (RAY) has seen an impressive 121% price increase over the past month, but this isn't just a fleeting hype. According to on-chain data, the token's growth is backed by real infrastructure and revenue generation.
The protocol has been quietly shipping new features for months, including permissioned liquidity pools that cater to regulated assets and institutional investors. This was made possible through its partnership with Superstate, a tokenization firm that uses these pools for its registered products.
Raydium's AMM v4 program also recently shed its dependency on Serum, resulting in cheaper and simpler swaps for aggregators and wallets plugged into the platform. Additionally, LaunchLab, Raydium's token-launch venue, has made CPMM graduation mandatory for new launches, further solidifying the protocol's infrastructure.
What sets Raydium apart from other tokens is its buyback program, which routes 12% of every trading fee directly into open-market RAY purchases. This mechanism has been in place since July and has already accumulated over 30% of RAY's circulating supply through protocol fees alone.