RAY jumps 12% in 24 hours as Raydium revenue hits $3.87M in September
- —RAY rose 12% in 24 hours; Raydium's September revenue was $3.87 million
- —The protocol's cumulative revenue reached $23.26 million
- —12% of swap fees and 25% of LaunchLab fees go toward RAY buybacks
- —Net spot RAY inflow over 24 hours was $311,500, but over 3 weeks fell from $2.4 million to $552,000
Why it matters: Rising revenue and buybacks support RAY, but weakening spot demand and discrepancies in LaunchLab metrics require confirmation of the trend's sustainability.
Source: TokenPost