BREAKING: Raydium (RAY), the native token of the Solana-based decentralized exchange protocol, has surged 25.7% in the past 24 hours, reaching $0.711015 as of 8:52 AM UTC on April 1, 2026.
Key Price Metrics
The token has experienced significant upward momentum, climbing from a 24-hour low of $0.554395 to a high of $0.690178. The current price represents a 4.8% gain in just the past hour, indicating accelerating buying pressure.
RAY’s market capitalization has increased by $33.16 million (21.8%) to $185.16 million, positioning the token at rank #182 among all cryptocurrencies. The fully diluted valuation stands at $382.46 million based on a maximum supply of 555 million tokens.
Trading Volume Spike
Trading volume has reached $150.15 million in the past 24 hours, representing substantial activity for a token of this market cap size. This volume-to-market-cap ratio of approximately 81% suggests strong trader interest and liquidity.
Extended Performance
The rally extends beyond today’s session. RAY has gained 15.5% over the past seven days and 22% over the past 30 days, demonstrating sustained upward momentum rather than a single-day anomaly.
With 268.7 million RAY tokens in circulation out of a 555 million maximum supply, approximately 48.4% of the total supply is currently in circulation.
Historical Context
Despite today’s gains, RAY remains 96% below its all-time high of $16.83 reached on September 12, 2021, during the previous crypto market peak. However, the token has gained over 400% from its all-time low of $0.134391 recorded on December 29, 2022.
Market Implications
Raydium serves as a critical component of the Solana DeFi ecosystem, functioning as an automated market maker (AMM) and liquidity provider. The surge in RAY price may reflect renewed interest in Solana-based decentralized finance protocols as the broader crypto market shows signs of strength in Q2 2026.
Traders should monitor whether RAY can maintain support above the $0.70 level, which would confirm the breakout from previous resistance zones. The combination of strong volume, consecutive hourly gains, and multi-week uptrend suggests potential for continued momentum, though volatility remains a consideration.
Market data current as of April 1, 2026, 8:52 AM UTC.
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About the Author: Ananya Melhotra
