Raydium, Solana's top decentralized exchange (DEX), has experienced significant growth, with its price surging 53% since May 8. On the day, the DEX advanced 18.6%, reaching nearly $3.80 and pushing its year-to-date gains above 138%.

The platform now boasts a total value locked (TVL) of $2.15 billion, an average daily volume of $3.6 billion, and has generated more than $460 million in annualized fees.

With such impressive metrics, the question arises: can Raydium reach the $5 mark next?