Get Ready, the XOCIETY: Phase Zero Cross-Play is almost here!
15 days of play, 20M $XO up for grabs!
Join us from August 18th, play on @SuiPlay and PC.
Check the thread for full details!
For context on the size of @RaydiumProtocol's buyback program, there is currently more RAY accumulated from buybacks than held on centralized exchanges.
why $RAY might be the Hyperliquid trade of Q1
Fees
- RAY is making the most fees out of any DeFi protocol, even more than Tether some days
- 5-7x Hyperliquids fees, yet is an seventh of its FDV
- 3-5x Uniswaps fees, yet it is a quarter of its FDV
Token & Buyback
- it trades at $2bn MC, $3.5bn FDV
- it is using 12% of its fees to buyback $RAY, no other major DeFi coin is doing this
- at current runrate its buyback is $300m-1bn a year
- you can stake it for 5% APY a year
Position
- all PumpFun coins migrate to Raydium, makes up the vast majority of new tokens
- 50-60% % of all Jupiters volume goes go to Raydium
- they just launched a Perp dex with Orderly
Why now?
- SOL DeFi gonna explode after Trump coin, this is the best flywheel
- SOL DEX volume could hit records week after week
- You can literally see it buying back $RAY every second with TRUMP fees atm, its wild
- Trump about to unlock DeFi with regulation in the US
- own the shovels, avoids all PVP of new launches
Comparison
$RAY $2bn MC $3.8bn FDV
$JUP $10bn FDV
$UNI $14bn FDV
$HYPE $23bn FDV
i think this is a 3-5x trade in Q1
NFA. DYOR
Ray fees: https://t.co/dCwntG35gM
Ray dashboard: https://t.co/hfnuGKFKJo
Buyback wallet: https://t.co/JUGkso0Oal