Raydium Revenue Hits 18-Month High Driven by Tokenized Equities

Solana-based decentralized exchange Raydium reported its highest weekly revenue since mid-2025, reaching $6.94 million over a 30-day period. The growth was fueled by the integration of StonkFun on September 5, 2026, which facilitates the trading of tokenized stocks like Boeing and Roblox. The platform reduced launch costs by 90%, leading to a surge in volume. Consequently, Raydium's governance token RAY saw a 90% rally, reaching a peak market capitalization of approximately $543 million, supported by a significant increase in protocol buybacks.