Raydium Hits New 2-Year High, Outperforming Bitcoin

RAY Token, the native token of the Solana-based decentralized exchange Raydium [SOL], has just set a new 2-year high.

Azcnews Raydium Hits New 2 Year High, Outperforming Bitcoin

RAY Outperforms BTC

RAY’s performance so far, especially over the past two months, has shown growth that has outperformed Bitcoin [BTC], which also hit a new high on November 6.

When looking at RAY’s price trend, we can see a strong rally that started in September. At that time, the token was trading as low as $1.35, but by October, the bulls had taken over.

In the past 24 hours, RAY’s price has skyrocketed to $5.06, representing a 276% increase from its September low.

Rayusdt Chart
Rayusdt Chart

To put this into perspective, Bitcoin has only increased by 45% from its September low to its recent new high. Despite its remarkable performance, RAY still has plenty of room to grow before reaching its all-time high, as the token peaked at $17.80 in August 2021.

However, RAY price may face a short-term correction due to overbought conditions. The token has shown signs of bearish divergence with a lower high on the RSI. Additionally, the MFI indicator has also turned bearish, suggesting profit-taking is taking place.

Raydium’s performance reflects a strong growth momentum due to the prominent utility of the Solana blockchain in 2024. As a result, Raydium has benefited and become one of the top DEXs.

Raydium TVL surges in 12 months

Tvl Raydium
Tvl Raydium

Just 12 months ago, Raydium’s total value locked (TVL) was just under $40 million and its token liquidity had not exceeded $10,000. However, both of these metrics have seen explosive growth recently, with TVL peaking at $2.08 billion in October before falling back to $1.50 billion. RAY token liquidity has also exploded, soaring to $597 million. These numbers underscore the growth of the Raydium DEX in 2024, which is in line with the growth of the Solana ecosystem.

Volume Raydium
Volume Raydium

This growth is also evident in Raydium’s trading volume and revenue data. The highest peaks in volume and revenue occurred in March, June, and October, followed by a gradual decline in the remaining periods. Specifically, the highest token volume since the beginning of 2024 was around $406 million in March, and the highest revenue was $395,000 in the same month.

Read more: COW Price Soars 220% Following Binance Listing

Recently, since September, both volume and turnover have shown signs of increasing again, reflecting increased activity during bullish months. This suggests that the metrics are also cyclical, decreasing during quiet months and increasing during booming periods. Based on these observations, it can be seen that Raydium DEX activity has driven demand for RAY, and this trend is likely to continue as the bull market continues to heat up.

(13 votes)

4.2/5

(13 votes)

Latest

Binance Delists 3 Altcoins, Prices Instantly Swing

News | Altcoin | Editor Choice

Binance Delists 3 Altcoins, Prices Instantly Swing

Binance’s unexpected decision to delist three altcoins — FLM, KDA, and PERP — has sent shockwaves through the crypto market, triggering intense volatility. Yet, in a surprising twist, FLM surged, defying all conventional market logic.

The Pattern Is Repeating, Xrp Predicted To Surge To $15

News | Altcoin | Editor Choice

The Pattern Is Repeating: XRP Predicted to Surge to $15

This wave of optimism follows a strong market rebound after the sharp correction on October 10, reigniting hopes that XRP may be entering a new breakout cycle.

Bitcoin Unlikely To Rally Until The Us–china Deal Is Finalized

News | Bitcoin | Editor Choice

Bitcoin Unlikely to Rally Until the US–China Deal Is Finalized

Bitcoin continues to swing sharply around the $116,000 resistance level as markets hold their breath ahead of two major events: the Federal Reserve’s rate decision and the outcome of the US–China trade negotiations.

Giant Golden Cz Statue Appears Outside U.s. Capitol

News | Editor Choice | Memecoin

Giant Golden CZ Statue Appears Outside U.S. Capitol

A giant golden statue honoring Binance founder Changpeng Zhao suddenly appeared outside the U.S. Capitol just days after President Trump granted him a pardon, igniting fierce controversy over its anonymous funding and the launch of a new meme token called CZSTATUE.

Xrp Signaling Strong Bullish Momentum Ahead Of Fed Meeting

News | Altcoin | Editor Choice

XRP Signaling Strong Bullish Momentum Ahead of Fed Meeting

Crypto analyst Block Bull has drawn attention to XRP’s chart, noting the emergence of an inverse head-and-shoulders pattern—a classic indicator of a potential trend reversal from bearish to bullish.

Screenshot 2025 10 20 091338