The RAY token, associated with the Raydium decentralized exchange (DEX) on the Solana blockchain, has seen a significant surge of nearly 200% in the past month. This article provides an overview of Raydium, its relationship with the Solana ecosystem, and the functionalities of the RAY token. The recent performance of the RAY token indicates a strong upward trend, with analysts suggesting that the US Election may have an influence on its price. Despite being far from its all-time high, the chances of a price surge are higher than a fallback, but it may not reach its ATH before the end of November due to market volatility. Overall, the RAY token presents a compelling investment opportunity with its growth trajectory and position within the Solana ecosystem.
Jito Labs records $78.9 million in monthly fees for October, doubling its previous record set in May