Raydium's 2025 on-chain analysis: 35% active address rise and whale distribution pattern

Dive into the world of on-chain data analysis of Raydium, revealing the latest trends shaping the Solana ecosystem. From tracking the rise of active addresses to analyzing RAY token trading volume, and monitoring Whale movements, this comprehensive exploration unveils key insights into Raydium's performance and future potential.

Active Addresses are expected to rise by 35% to 125,000 in 2025.

The Raydium ecosystem has experienced significant growth in user engagement, as evidenced by the significant increase in active addresses. By 2025, the number of active addresses on the Raydium platform has surged by 35% to an impressive 125,000. This significant growth is indicative of the growing interest in decentralized finance (DeFi) and the Solana ecosystem, in which Raydium is a key player. The platform's success is due to its innovative features, including automated market making (AMM) capabilities and integration with the high-performance Solana blockchain. This surge in active addresses correlates with Raydium's expanding market presence, which is reflected in its trading volume and market capitalization. For example, the 24-hour trading volume was $446,227,843.86, demonstrating the platform's liquidity and user activity. In addition, the increase in active addresses aligns with Raydium's market cap of $602,620,619.77, demonstrating the growing confidence of investors and users in the protocol's long-term potential in the competitive DeFi space.
Raydium Active Address Growth and Market Metrics in 2025

Whale concentration decreases, as the top 100 holders own 40% of the RAY supply.

Recent data analysis reveals significant changes in the distribution of Raydium (RAY) tokens, indicating a decrease in Whale concentration. The top 100 holders now control approximately 40% of the total RAY supply, a notable reduction from previous levels. This change suggests that the tokens are being distributed more fairly among a broader range of investors and users. This trend aligns with Raydium's goal of promoting a decentralized ecosystem on the Solana platform. To illustrate this change, we can compare the current distribution with historical data:

This redistribution may help to increase liquidity and reduce the risk of market manipulation. With a circulating supply of 267,123,802 RAY tokens, the reduced Whale concentration may enhance market stability and encourage broader participation in the Raydium protocol. As the project continues to evolve within the Solana ecosystem, this trend may further support its rise and adoption among decentralized finance (DeFi) users and investors.

On-chain fees have risen by 20% due to increased DeFi activity on Raydium.

Recent data reveals a significant rise in on-chain activity for Raydium, a decentralized trading protocol built on Solana. The platform's trading fees have increased by 20%, indicating a boost in user engagement and DeFi activity. This surge aligns with Raydium's growing prominence within the Solana ecosystem, with a current market capitalization of $602,620,619.77 and a total locked value (TVL) of $1,723,935,353.96.

The TVL ratio of 0.34956103 indicates that Raydium's locked value significantly exceeds its market value, which may suggest it is undervalued or that users have strong trust in the protocol. Despite the RAY token price declining by 26.83% over the past 30 days, this increase in activity indicates the platform's resilience and ongoing user adoption. The rise in on-chain fees not only reflects the growth in usage but also contributes to the protocol's sustainability and potential for further development within the Solana DeFi ecosystem.
Raydium (RAY) on-chain activities and price analysis 2025

Conclusion

The Raydium ecosystem shows strong growth, with active Addresses surging by 35% in 2025, reaching 125,000. Whale concentration has decreased, with the top holders now accounting for 40%, indicating a more balanced token distribution. Despite recent price declines, on-chain fees have risen by 20%, reflecting an increase in DeFi activity. These trends, along with Raydium's significant TVL and market cap, highlight its enhanced position within the Solana ecosystem and its potential for continued expansion in the competitive DeFi market.

Risk Warning: Market volatility and regulatory changes may affect Raydium's rise trajectory and token value.