Raydium's recent core variable isn't the volume, but rather the 'trust discount'.
The old AMM V3 has been deprecated due to an LP validation vulnerability that led to about $1.34 million being stolen, creating a negative sentiment around $RAY in the short term. Although the team has fully compensated the victims from the treasury and the current mainnet program remains unaffected, the market usually discounts security incidents first, then waits to assess the fixes and transparency.
Current price is about $0.5687, with a 24H trading volume of around $13.17 million. Moving forward, keep an eye on two things: first, whether the team continues to disclose audit/hardening progress, and second, if liquidity and user activity recover quickly. In the short term, it’s not enough to just look at the compensation actions; repairing trust is key.
#Raydium #RAY #DeFi
The old AMM V3 has been deprecated due to an LP validation vulnerability that led to about $1.34 million being stolen, creating a negative sentiment around $RAY in the short term. Although the team has fully compensated the victims from the treasury and the current mainnet program remains unaffected, the market usually discounts security incidents first, then waits to assess the fixes and transparency.
Current price is about $0.5687, with a 24H trading volume of around $13.17 million. Moving forward, keep an eye on two things: first, whether the team continues to disclose audit/hardening progress, and second, if liquidity and user activity recover quickly. In the short term, it’s not enough to just look at the compensation actions; repairing trust is key.
#Raydium #RAY #DeFi