Raydium (RAY) Price Prediction

Deep Dive

1. Coinbase DEX Integration (Bullish Impact)

Overview: Coinbase announced on Dec. 11, 2025, that it will enable direct trading of Solana-based tokens via its app’s built-in DEX, leveraging on-chain liquidity. Raydium, Solana’s second-largest DEX by volume ($15.2B in 30 days), stands to benefit from increased exposure to Coinbase’s 110M+ users.

What this means: If Coinbase routes even a fraction of its user base to Raydium’s liquidity pools, trading fees and RAY demand could rise. However, the requirement for “sufficient liquidity” thresholds (The Defiant) introduces execution risk.

2. LaunchLab Fee Competition (Mixed Impact)

Overview: Raydium’s LaunchLab generated $900K daily fees in August 2025, funding RAY buybacks. However, Pump.fun captured 44% of Solana’s memecoin market share in July, diverting activity from LaunchLab.

What this means: While buybacks (6% annualized yield at $1.11) support price stability, Raydium’s 0.13 turnover ratio trails Uniswap’s 0.41, signaling thinner liquidity. Sustained fee growth requires fending off niche rivals (CoinMarketCap Community).

3. Solana’s Firedancer Upgrade (Bullish Impact)

Overview: Solana’s Firedancer upgrade (Q3 2025) aims to boost network capacity to 1M+ TPS, potentially attracting more projects to Raydium’s liquidity pools.

What this means: Raydium processed 95% of Solana’s tokenized stock volume in 2025. Enhanced throughput could solidify its role as Solana’s liquidity backbone, but success depends on seamless integration with new infrastructure (Cryptonews).

Conclusion

Raydium’s near-term outlook balances Coinbase-driven liquidity inflows against memecoin competition and Solana’s technical evolution. A breakout above the 200-day SMA ($2.39) could signal momentum, but regulatory restrictions in key markets (27% of crypto market cap) remain a drag. Will LaunchLab’s fee growth outpace Solana’s DEX fragmentation in Q1 2026?