According to Milk Road (@MilkRoadDaily), Raydium ($RAY) experienced a significant revenue decline of approximately 94% from January to March 2025. However, the platform has since shown strong recovery, with revenues doubling from March to April and tripling between April and May. This turnaround has propelled Raydium back into the top five decentralized exchanges, overtaking competitors like Jupiter. Traders should monitor $RAY for increased volume and potential price movements, as its revenue recovery indicates renewed user interest and trading activity on the Solana ecosystem (Source: Milk Road, June 2, 2025).