Raydium, Solana's largest decentralized exchange, recorded its highest weekly revenue since mid-2025, driven by the integration of StonkFun's tokenized stock platform. This integration cut token launch costs by nearly 90%, sparking a surge in trading volume for tokenized equities like Boeing and Roblox stocks. The protocol's 30-day revenue reached $4.43 million, with $1.19 million in the last week alone, and triggered a significant buyback of its governance token RAY, pushing its price to an 11-month high. While this shift from memecoins to tokenized equities signals strong demand, regulatory risks remain due to the uncertain legal status of synthetic stock tokens.
Raydium's governance token RAY trades at Rp34.493 on Pluang as of Sep 29, 2026 18:41 WIB, down 4.64% in the last day despite the protocol's recent revenue surge. The token's market cap stands at Rp9.3 trillion with a 24-hour trading volume of Rp1.37 trillion. Pluang data shows a majority of order activity at 72% Sell, with typical holders keeping RAY for about 25 days, highlighting active trading behavior around this asset amid the evolving tokenized equities landscape on Solana.
Raydium's RAY token reached a 2026 peak of $2.12 on September 23 following the launch of the USDv stablecoin by Solomon Labs and a Solana-based version of INJ by Injective, both with liquidity pools on Raydium. Raydium committed $1 million to support...
Raydium's token price surged over 10% to $2.05, driven by new asset integrations including USDv and Injective that enhance its role in Solana's token ecosystem. These additions have increased trading activity and volume, with futures volume tripling ...
