Month of July Review: @RaydiumProtocol
- $40.1b in cumulative monthly volume, MoM increase of 71%
- $18.33m in protocol revenue, MoM increase of 137%
- $5.7m allocated to programmatic $RAY buybacks (2.1m RAY) + additional discretionary maker-side buyback of 1.35m RAY (3.45m total RAY)
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The first 24-hours of a tokens life is crucial and volume for newly created tokens is an important barometer for the health of any launchpad
@bonk_fun dominates this window, with more than 80% market share for tokens less than 24 hours old