Raydium Sees Record Revenue Boost from Tokenized Equities

The Solana-based decentralized exchange (DEX) Raydium has seen its highest weekly revenue since mid-2025, and it's not due to another memecoin frenzy. Instead, tokenized equities are driving the growth.

Raydium onboarded StonkFun, a platform built around tokenized equities, on September 5, 2026, through its LaunchLab infrastructure. This integration reduced launch fees by roughly 90%, from 0.29 SOL to 0.03 SOL. As a result, assets tracking well-known companies like Boeing and Roblox started seeing significant volume flow through Raydium's pools.

The cheaper on-ramp triggered an immediate wave of tokenized equity trading. Just one day after the integration, on September 6, Raydium logged a single-day protocol revenue peak of nearly $440,000. The protocol also reached its largest daily buyback figure since February 2025, with $640,788 in RAY tokens.

Ray's price rallied approximately 90% over the span of a week, climbing to an 11-month high of around $2.01. Its market capitalization approached $543 million during the peak of the move.