DeFi· ★★★· bearish·

RAY Falls 23% Despite Raydium's Best Fee Quarter in a Year

  • —Trading fees hit $57.1M as adjusted volume rose 17% QoQ to $16.1B
  • —Tokenized-stock volume climbed to $4.14B from $1.77B
  • —Buybacks absorbed about 4.58M RAY, roughly 1.7% of circulating supply
  • —TVL reached $1.34B, up 56% in dollars but down 2% in SOL
Why it matters: Fee growth hinges on September's LaunchLab surge, and October data will show whether revenue and buyback demand can hold.
#RAY#SOL
Source: Crypto News Flash
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