# Raydium token price and activity surge > Live situation record from CLSTR: https://clstr.news/situations/raydium-token-price-and-activity-surge > Updated: 2026-09-09T18:51:16.000Z. Sources: 2. Developments: 2. The Raydium (RAY) token has experienced a significant price rally, driven by increased activity on the Solana-based decentralized exchange. Initially, the token rose above $1, reaching an eight-month high of $1.19 amid an 876% surge in trading volume. This momentum was supported by a protocol buyback program and rising staking activity, though some profit-taking was noted as holders moved tokens to exchanges. As the rally continued, the token saw a monthly increase of approximately 121%. This growth coincided with a sharp rise in user engagement, with daily active users increasing by 77.7% and daily transactions reaching 3.1 million. The protocol’s automated buyback mechanism, which utilizes trading fees to purchase RAY, remains a primary driver, having accounted for more than 30% of the total circulating supply. While Total Value Locked (TVL) has remained stable at roughly $1.13 billion, the market has faced persistent selling pressure in the spot market. ## Timeline ### 2026-09-09: Raydium (RAY) token rallies amid surge in Solana DEX activity Raydium (RAY) has seen a 121% monthly increase driven by rising Solana DEX activity, 3.1 million daily transactions, and a protocol fee buyback mechanism that has reclaimed 30% of the circulating supply. 2 sources. https://clstr.news/cluster/raydium-ray-token-rallies-amid-surge-in-solana-dex-activity ### 2026-09-07: Raydium (RAY) token rises above $1 amid massive volume surge Raydium (RAY) surged past $1 amid an 876% increase in trading volume, supported by a $190 million cumulative token buyback program and rising staking activity. 2 sources. https://clstr.news/cluster/raydium-ray-token-rises-above-1-amid-massive-volume-surge --- Cite as: Raydium token price and activity surge. CLSTR, https://clstr.news/situations/raydium-token-price-and-activity-surge