What Raydium governs
Raydium (RAY) is a DeFi protocol governance token, currently ranked 101st by market capitalization among the assets we track. Raydium is the governance token of a DeFi protocol: holding it is less like owning a currency and more like owning a vote over how the protocol runs — and, in some designs, a share of the fees it collects.
Raydium (RAY) is a decentralized finance (DeFi) protocol built on the Solana blockchain, facilitating high-speed trading and liquidity provision for various cryptocurrencies. It combines an automated market maker (AMM) with an order book model, enabling efficient and cost-effective transactions.
How value is supposed to accrue
DeFi tokens are worth something when the protocol generates fees and routes value to holders — through revenue share, buybacks, or governance over a real treasury. Without that link, a governance token is just a vote.
Background & fundamentals
In sector terms it is most often filed under Solana (SOL) Token, Exchange, and Decentralized Exchange (DEX).
Where Raydium sits in the market
Trading around $1.09, Raydium carries a market capitalization of $291.37M. Around $70.73M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 24.27% of the float — elevated, often a sign of narrative-driven trading.
Raydium carries no fixed maximum supply; issuance follows a programmatic schedule rather than a hard cap. RAY remains -94% beneath its all-time high of $16.91, the kind of gap that historically takes a full cycle or a fresh catalyst to close. Measured from its all-time low of $0.1036, RAY is up +952%.
What the price history shows
The tape currently reads 24-hour +30.21%, 7-day +37.45%, 30-day -12.44%, 1-year -70.49%. Across roughly the last 365 days of daily candles, RAY endured a peak-to-trough drawdown of about 85% before stabilizing.
Volatility profile
Recent action puts Raydium in the Extreme-volatility band — it is in a high-volatility regime — these are the conditions where outsized gains and losses both become more likely. Over the last 30 days the move totals -12.44%, a useful input for stop placement and position sizing.
How to evaluate a DeFi token like Raydium
A grounded read on RAY comes down to three questions:
- Protocol revenue — fees the application actually earns, and whether any of it reaches RAY holders.
- Total value locked — how much capital trusts the protocol — and how sticky it is versus mercenary yield.
- Token utility — whether RAY is load-bearing (governance over real value, fee rights) or decorative.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
