Raydium Price Soars to New Highs Amidst Programmatic Buybacks and Rising DEX Activity

Raydium (RAY) has experienced a notable surge in price, reaching highs of $4.10 on the back of a significant increase in trading volume. This follows key network milestones for Raydium, particularly its impressive monthly trading volume exceeding $40 billion, driven by high activity on Solana’s decentralized exchange platform. The protocol’s programmatic buyback initiatives have also played a crucial role in boosting RAY prices. The recent buyback program, totaling nearly $200 million, has been instrumental in mitigating price volatility and building confidence among investors.