Raydium, Solana’s leading decentralized exchange, is experiencing a price boom. Its token (RAY) has surged nearly 17% in the last 24 hours, reaching around $3.72. This impressive climb comes on the heels of a significant rise in trading volume. Over the past week alone, RAY prices have climbed by a staggering 56%. The surge aligns with growing interest in Solana-based applications. According to Blockchain Bulletin, Raydium now handles over 60% of all DEX (decentralized exchange) volume on Solana. 📈 This is partly fueled by a recent meme coin trading frenzy that has pushed volumes over $16 billion on the platform. The increased activity isn’t just due to hype. The platform boasts deep liquidity, seamless integration with Serum, and an intuitive user experience, all factors driving its popularity.