Raydium Price Surge: What’s Driving the Bull Run?

Raydium (RAY) has experienced a significant price jump, soaring over 14% in the past 24 hours to trade at $3.41. This remarkable surge makes it the top performer in the market today. Experts attribute this rise to the protocol’s strong revenue growth, new use cases within its ecosystem, and an overall bullish chart setup. The momentum is further fueled by Raydium’s LaunchLab, a token launchpad that recently brought in $900,000 in daily fees on August 9th, marking the first time this fee stream surpassed swap revenues.