$RAY Raydium's annual inflation rate is very low, and its annual buyback performs excellently in the DeFi space. Currently, the annual issuance is approximately 1.9 million RAY, of which 1.65 million is used for staking. Compared to the issuance of other popular decentralized exchanges during peak periods, this number is relatively small.

Calculating this way, the amount of ray bought back and destroyed each year far exceeds the amount issued, belonging to a deflationary economic model.