On March 25, 2025, the RAY token rose by 12%. Despite competition from PumpSwap, RAY’s price is about 1.95 USD, reflecting a 25% rise over the last two weeks. Raydium’s trading volume was significant at 321.31 million USD on Sunday.

PumpSwap emerged as a rival, aiming to enhance token migration and revenue sharing. Even with PumpSwap’s development, Raydium has maintained its position and liquidity, reflecting its strong market endurance.