Raydium's token (RAY) surged 90% this week to $1.75, its highest price since October 2025, outperforming most cryptocurrencies despite a broader market decline. The rally was driven by three main catalysts: StonkFun moving all new token launches to Raydium's LaunchLab, which reduced deployment costs; an upgrade to LaunchLab itself; and a significant $640,788 buyback of RAY tokens, the largest since February 2025. Additionally, tokenized equities like Grindr's GRND saw high trading volumes, supporting fee revenue and buybacks. The sustainability of this rally depends on continued activity from new token launches and stock-token trading.
Raydium reported a 264.2% increase in net revenue to $7.99 million in Q3 2026, driven by growth in tokenized asset activity and a rebound in meme-token trading. Operating cash flow rose similarly by 263.6% to $8.67 million. The platform executed $5.2...
Raydium's token RAY traded around $1.91 on Oct. 19, up 6% from the previous day's close of $1.80, though still down 23% from early October. The platform saw a significant increase in trading fees on its Solana-based liquidity pools, reaching $57.1 mi...
