With the impressive surge of Raydium over the past month nearing 200%, could there be a ray of new ATH for RAY price soon?

TL;DR Wintermute has proposed a governance change to reward Ethena (sENA) token holders by introducing a “fee switch” to allocate a portion of Ethena's revenue directly to them. The proposal aims to ensure a fair distribution of Ethena's revenue, addressing the gap between the protocol's financial performance and the benefits for staked token holders.

The cryptocurrency market has undergone a notable spike, rising 7.41% in the last 24 hours and raising the entire market capitalization to $2.46 trillion. Along with this, trading volumes have increased by 128.03%, totaling $192.7 billion.

The Ethena community is currently reviewing a proposal from crypto market maker Wintermute to activate a fee switch within the protocol. In the Nov. 6 proposal, Wintermute highlighted the lack of clarity regarding the revenue distribution for Ethena's ENA token.

With a rising trend and the broader market recovery, the RAY price bull run creates a new all-time high. As the Solana-based DeFi protocol becomes one of the top performers in the crypto market, bulls target higher price levels. As the RAY prices approach the $6 breakout, will the bull run reach $16.

ENA is flashing bullish signals, but how far can these signals take it?

Wintermute's proposed solution is to activate a “fee switch”, which would allocate a portion of Ethena's revenue directly to sENA holders.

The proposal also asked for more transparency on the past and future revenue allocation of the Ethena protocol.

Raydium (RAY) token went parabolic this week, soaring to its highest level since January 2022 as the crypto bull run entered high gear. RAY's crypto token surged to a high of $4.25, much higher than the year-to-date high of $0.94, representing a 365% jump.

The Raydium (RAY) price has suffered a considerable pullback following an astonishing rally that resulted in a 1000% year-on-year surge that pushed the Solana-based token well over $3.5. Solana (SOL), one of the most popular layer-1 networks, has surged following an 8% crash.

DOGE, ENA and XMR rallied amidst volatile BTC price action before US elections.

With the market capitalization of cryptocurrencies dropping 0.09% over the last day to $2.33 trillion, the crypto prices today are experiencing a minor decline. Additionally, trading volume has decreased by 4.87% to $88.31 billion, suggesting that investors are becoming cautious.

A pivotal $3.26 resistance lies ahead for RAY.

A surge in whale activity is often a catalyst for price volatility and bullish trends.

Raydium (RAY) price has surged nearly 20% over the past week, showing impressive strength within the Solana ecosystem. With Raydium maintaining a stronghold as the leading decentralized exchange on Solana, its price momentum is backed by substantial trading activity and liquidity.

The anticipated crypto bull run has investors closely watching top digital assets showing strong weekly performances. Recently, with the surging in value, these cryptocurrencies are positioned to double in price as market sentiment improves potentially.

With the crypto market witnessing almost $100M in short-side liquidations, the bull run chances are increasing amid Q4 rally chances. Further, as the BTC price is inching closer to surpassing the $65k mark as the buying pressure increases, the altcoins prepare to launch a new bull run.

Ever since the launch of the Bitcoin ETF, the institutions have been accumulating the token heavily. As the price is ascending towards the ATH, these activities have been intensifying, and as a result, the total ETFs held by them have now surpassed the Bitcoins held by Satoshi Nakamoto.

October has seen Raydium, Solana's largest DEX, generate $22.3 billion in volume, while Uniswap on Ethereum has processed $38 billion.

Raydium continues to draw attention as the most active DEX on Solana. RAY tokens trade near their one-year high, with rising open interest in the past weeks.

Ethena is a financial protocol built on the Ethereum blockchain, designed to provide a synthetic dollar solution that operates independently of traditional banking systems. In mid-October, big investors bought around 5.4 million ENA tokens worth about $2.3 billion.

Dogecoin's recent performance has injected optimism into the broader cryptocurrency market as the token approaches a pivotal resistance level. The digital asset, which had stagnated near $0.1, has surged with growing bullish sentiment and increasing volume. This upward trend hints at Dogecoin's potential to break out and reach a target price of $0.15.

As speculation surrounding potential outcomes from next week's U.S. election intensifies, Bitcoin surged past $71,000 hitting a new all-time-high, igniting double-digit gains across altcoins like DOGE, ENA, POPCAT, and BSV. On Oct.

Ethena Labs remained on investor radar this week after crypto investigator Nomad claimed that the team owns approximately 25% of staked ENA assets in the current season 3 farming event. Nomad stated that this might dilute rewards for unsuspecting users, with those holding stablecoin USDe highly vulnerable.

The ENA token price has increased by 15.68% in the past 24 hours, reclaiming the market cap of $1B. Inching closer to the psychological mark of $0.50, the altcoin is teasing a potential triangle breakout rally.

In a surprising move, the Bitcoin price closed the daily trade above $71,400 and woke up the bulls within the market. The Dogecoin price was on its way to hit $0.15 but now it's attempting to clear the major resistance above $0.16.

Raydium (RAY) is on a tear. Despite the usual volatility across all crypto assets, including blue-chip meme coins like Dogecoin and Pepe, the token is up 215% this year.

Ethena Labs rebutted claims that it unfairly used 180 million of its own tokens to gain rewards from a crypto farming event it hosts.

What's Raydium news today and what's causing this RAY price performance? Find out in this article!

Ethena Labs, a synthetic dollar protocol built on Ethereum, is under scrutiny after allegedly misusing 180 million ENA tokens on a crypto farming event. The price of a token went down by 6.01%.

Ethena Labs is facing allegations of misusing 180 million Ethena tokens (ENA) during a recent crypto-farming event. The post Ethena Labs Accused of Misusing 180M Tokens in New Crypto-Farming Event appeared first on Cryptonews.

Ethena Labs faces scrutiny after allegations of unfairly staking 180 million ENA tokens in its crypto farming event.

Ethena Labs has refuted inaccurate claims that it unfairly staked 180 million ENA tokens in its crypto farming event.

5% of his fund has been placed in stablecoin until the certain and definitive outcome of the USA elections.

Raydium recorded a strong rally over the past month, putting it in the overbought zone. But its funding rate shows the possibility of a further hike.

Here is how some of your favorite assets concluded the week.

Story Highlights The live price of the Raydium crypto is . RAY price could reach a high of $5.82 in 2024. Raydium coin price may reach a high of $27.36 by 2030. Built on the Solana chain for the Serum DEX, Raydium is an AMM and a liquidity provider.

RAY reaps the benefit of impressive demand and utility within the Raydium DEX. TVL and volume soar to noteworthy levels.

Trading platforms and regulators are increasingly embracing cryptocurrency as collateral for trades.

The recent price action of Solana-based Raydium (RAY) has caught investor attention, as the decentralized exchange (DEX) token has maintained an uptrend, achieving a seven-month high.

Chainlink (LINK) and Raydium (RAY) are signalling a potential breakout as bulls look to reclaim control. Another altcoin showing significant movement, despite paring recent gains is Pendle (PENDLE), which has attracted whales amid growing traction for decentralised finance protocols.

In a notable development on October 21, Solana-based DEX Raydium achieved higher daily fee revenue than the Ethereum network.

Raydium briefly outpaced Ethereum in daily fees, with its trading volume and TVL also seeing significant growth.

EURC is a stablecoin that is tied to the Euro, which means it is designed to keep its value stable, just like the Euro itself. This is important because it helps protect against the wild swings in price that other cryptocurrencies often experience.

Solana-based Raydium clocked $3.4 million in fee revenue on Oct. 21 versus $3.35 million for Ethereum, according to DeFiLlama.

Raydium, the largest decentralized exchange on the Solana blockchain, is firing on all cylinders as its token and volume rise. Raydium (RAY) token rose for six consecutive days, reaching its highest point since July 21.

A veteran trader says that it would be unwise to attempt to start calling for a top in the crypto bull market.