RAY (Raydium) is the native token of the Raydium protocol, an AMM (Automated Market Maker) and liquidity provider built on the Solana network. Its initial purpose was to provide an efficient and fast system for token exchange while facilitating liquidity provision in the Solana DeFi ecosystem. RAY is used for governance, staking rewards, and liquidity provision.

Is it deflationary or inflationary?

RAY is inflationary in the short term, as it was designed with a release schedule for rewards within the ecosystem. However, this model includes a gradual reduction in issuance over time, which could lead to controlled inflation and even deflationary pressure if burning mechanisms are incorporated or the circulating supply is limited.

Does it have a future in the next 5 years?

The growth of RAY depends directly on the recovery of Solana and the adoption of Raydium as a key platform within DeFi. With the resurgence of memecoins on Solana, Raydium has gained traction again due to its speed and low fees. If it manages to remain competitive, improve UX, and attract more projects, RAY could experience solid growth and become a relevant token in the medium and long term.

In five years, its future will be defined by innovation, real utility, and the strengthening of the Solana ecosystem.