Raydium (RAY) price surged to an 11-month high on Friday. This move was part of a 90% weekly rally, making it the second-strongest performer among the top 300 cryptocurrencies.
The RAY token from Raydium has experienced impressive gains approaching 9% during Thursday's trading session, building on a 41% upward movement that began over the weekend. Across the past seven days, the digital asset has appreciated by 96.5%, marking its most elevated valuation since the beginning of the year.
Raydium, the decentralized exchange built on Solana, and its native token RAY is seeing parabolic growth over the past week. At the time of writing, RAY is up around 27% over the past 24 hours and 105% over seven days.
RAY gained 17%, yet sellers kept exiting. Who bought the strength they abandoned?
Raydium's revenue surge highlights its strategic edge in DeFi, but risks of low-quality token launches could challenge long-term sustainability. Raydium generates $440K in daily revenue, highest since July 2025.
Raydium has expanded LaunchLab to support trading between any token pair, with LaunchOnSF's StonkFun becoming the first integration to use the new system on Solana. According to Raydium's Sept.
Raydium rose 33% to an 8-month high of $1.19, aided by tight supply.
Raydium implemented permissioned AMMs on July 23 to enable trading of regulated assets on Solana. Superstate integrated as the first partner to trade native tokenized stocks through the Opening Bell platform. Ark Invest projects that the global tokenized asset market could reach $11 trillion by 2030.
How did an attacker take advantage of a program that Raydium had abandoned years before?
On June 10, Raydium, a Solana-based decentralized exchange, disclosed that malicious actors successfully exploited outdated infrastructure components, siphoning approximately $1.34 million worth of cryptocurrency.
A hacker has exploited a vulnerability in Raydium's legacy AMM V3 program, draining approximately $1.34 million from five liquidity pools that had been deprecated since 2021. The Raydium team confirmed it was aware of the unauthorized liquidity removal and committed to covering losses.
Raydium has pledged to fully reimburse losses after an exploit drained approximately $1.3 million from five legacy liquidity pools built on Solana.