raydium26
$ray
MCAP335.16M
+8.50%

what's raydium?

Raydium is a leading automated market maker (AMM) and decentralized exchange (DEX) built on the Solana blockchain, designed to provide efficient liquidity and trading for tokens within the Solana ecosystem. It integrates with a central limit order book via partnerships like Serum and OpenBook, enabling seamless swaps, yield farming, and liquidity provision through features such as concentrated liquidity pools and ecosystem farms. The platform supports permissionless pool creation, launchpads like LaunchLab for memecoins, and recent innovations including tokenized equities and perpetuals trading, positioning it as a hub for internet capital markets. Raydium's native token, RAY, powers governance, staking, and incentives for liquidity providers. With high trading volumes, such as over $10B in June 2025 and $19B in September, it holds a significant market share among Solana DEXs, recently expanding into mobile gaming via DeFi Land integration and exploring MetaMask compatibility for broader accessibility. New features like leveraged liquidity provision allow users to borrow against LP positions to amplify yields.

Snapshot

Large RAY token sales occurred; USELESS token leads memecoin volume on Raydium perps.

contract

solana

5D ago
WHALE ACTIVITY

Notable large sales of RAY tokens occurred, suggesting caution around Solana ecosystem tokens.

1W ago
MARKET ACTIVITY

USELESS token generally does the most volume of any memecoin on Raydium perps.

ONCHAIN METRICS

Processed $347 billion in DEX volume during 2025, ranking first among Solana DEXes.

FINANCIAL EVENT

Started a 30-day trading competition on December 30, 2025 with a $100,000 prize pool.

3W ago
MARKET ACTIVITY

Added $NEAR trading and liquidity provision support powered by Near Intents integration.

PARTNERSHIP

Partnered with Splyce to provide liquidity for private credit brought onchain by Fulcrum Lending, a US private credit manager with over $130B in real estate transactions and $6B in restructurings.

1M ago
PARTNERSHIP

Partnered with Visa to use Solana together.

$RAY ranks third in top 10 DeFi tokens by 7-day social mindshare gains.

Ranks #9 among top 10 projects by revenue generation with $RAY down -31% over the past 30 days.

An official partnership forms between worldlibertyfi, bonkfun, and Raydium to support USD1 trading pairs and ecosystem growth.

Pumpfun achieves $205M in total buybacks, surpassing Raydium to become the top Solana protocol by cumulative buyback value.

Platform reached $100 million in revenue faster than OpenAI achieved the same milestone.

Raydium burned 71 million $RAY tokens, representing 26% of the total supply.

Holders with 250+ $RAY staked qualify for whitelist access to mint Doodles "doopie cubes" NFTs starting tomorrow.

Platform user interface experiences outage due to third-party Cloudflare infrastructure failure, with multiple major crypto exchanges and DeFi platforms simultaneously affected including Coinbase, Kraken, Jupiter, and Meteora.

Raydium experiences UI downtime due to widespread Cloudflare infrastructure outage affecting multiple Solana protocols including Jupiter and Meteora.

PRIME token from HastraFi and Figure, backed by real-estate loan pools with over $1B in monthly onchain originations, launches with Raydium integration for liquidity and price discovery.

$PRIME token goes live on the platform, powering Hastra's PRIME yield products backed by Figure's onchain Real World Assets on Solana.

Total cumulative trading volume on the platform reaches $1.1 trillion.

Total buyback-and-burn spending reaches $100.35 million, the largest among analyzed protocols, with the programmatic buyback program operational since 2022.

Data analysis shows Raydium has the biggest buybacks relative to circulating supply, ranking ahead of competitors like Hyperliquid and Jupiter.

xStocks demonstrates early integration possibilities with Raydium for tokenized stocks in DeFi.

Current FDV is $614m with 24% market share, while competitor $WET shows $69m FDV with 17% market share; Jupiter Exchange maintains routing alignment for power users.

A voting campaign opens for Raydium Stadium naming rights at Alferton Town FC through alphafcxyz platform as part of Solana's Football Club initiative.

$RAY records steady buyback activity over the last 30 days as part of $183M in cumulative buybacks across multiple protocols, with most activity driven by protocol fees.

Q3 revenue reaches $25M with 100% QoQ gain, fees total $159M up 48% QoQ, and trading volume hits $113B with 8% QoQ increase despite declining user count.

Competitor Humidifi handles ~43% of Solana's spot DEX volume with 5 bps average slippage versus 65-90 bps on Raydium, and launches token $WET on December 3rd as the first major prop AMM token on Solana.

DUSD perpetual DEX launches liquidity pools on Raydium and PancakeSwap on November 27 as part of its mainnet campaign, backed by Solana Foundation.

Upbit exchange suspends all deposits and withdrawals after $36.8M worth of Solana assets, including RAY token, are transferred to an unknown external wallet on November 27, 2025.

The account openly engages in repeated promotional activity for $FINANCE token, self-describing it as the "100th time shilling" with a pump.fun contract address provided.

worldlibertyfi has not purchased any bonk_fun animal coins paired with their USD1 token.

Monad's $MON token launches today at 3PM UTC with trading available on Raydium and Meteora pools on Solana, plus simultaneous listings on 11 major centralized exchanges including Coinbase, Kraken, Bybit, KuCoin, and Bitget.

OnYC token from OnRefinance launches on the platform with over $10M in liquidity and an active NAV-stabilizing strategy.

30-day active users reach 5.06M, placing the platform second among DeFi projects behind Pump.fun's 5.22M.

Raydium conducts daily buybacks of 5-6 figures since 2024, accumulating over 27% of $RAY supply, and has processed over 1T in cumulative trading volume on a single chain.

$ORDER token from OrderlyNetwork is now live on Raydium as part of a multi-DEX integration including Quickswap and WOOFiPro.

2M ago

Pump.fun's rumored Mayhem Mode feature lowers liquidity requirements for tokens to graduate to Raydium and allows creators to add custom transfer fees of 5-10% per trade, with expectations of increased token deployments but higher pump-and-dump risk for traders.

Raydium reports $2.63M in 30-day revenue with $426M market cap, compared to Meteora's $5.93M revenue at $188M market cap.

Humidifi continues to lead Solana DEXs by weekly trading volume, surpassing both Meteora and Raydium.

Raydium backs Wendev launchpad launching November 10, 2025 at 13:00 UTC, supporting all trading bot terminals from day one.

Raydium creates incentives for USD1-paired memecoins in collaboration with bonk_fun and worldlibertyfi to push the USD1 memecoin narrative.

Raydium LP positions are now live on Loopscale, enabling users to borrow against their LP positions and unlock liquidity.

ZeraLabs completes migration of their liquidity pool from Raydium to Meteora, moving through multiple stages from Pump LP to Raydium LP and finally to Meteora LP.

World Liberty Financial (Trump's crypto project) partners with Bonk and Raydium to rebuild the Solana ecosystem and drive $USD1 adoption.

A migration cohort brings approximately $2M in liquidity to Raydium through MigrateFun, which completes its 20th migration since July.

Orb Explorer is now live on the platform.

Over 1.6 billion swaps completed on the platform this year.

Humidifi surpasses Raydium to become the largest DEX on Solana by monthly trading volume.

Raydium supports the @america_dot_fun launchpad platform alongside Bonk.

Wrapped ZEC (Zcash) launches on Solana through a collaboration involving Near protocol and Raydium.

DLMM transition period completes; SOL from old Raydium pool extracted for buybacks or liquidity injections, and Launchcoin migration airdrops remain available.

Raydium listed as one of five top builders driving trader activity on Orderly Network's base layer this week, alongside ADEN, Aegis, VOOI, and WOOFi.

Raydium reaches $250M in total tokenized stock volume milestone.

Raydium achieves $102M in token buybacks for 2025, ranking 4th among major crypto projects. Migratefun and PayAI migrate to Raydium liquidity pools.

Raydium highlights the USD1 ecosystem as $VALOR becomes the top volume USD1 pair on Solana.

Raydium reaches $250 million in total tokenized stock volume.

Liquidity providers on Raydium earn 5-10x Flares multipliers through Solsticefi farming program for USX/USDC pools, with partner code offering additional 1.3x bonus multiplier.

Raydium captures 76.5% market share of tokenized stock volume on Solana as the segment grows 190x from Q2 to Q3.

Bounty program on Superteam Earn ends in 5 days with 500 $RAY top prize and $2K+ total rewards for DeFi content creation.

Raydium collaborates on creating a token holder report to enhance transparency.

Sapien Solana's launchpad technology integrates with Raydium and receives influencer endorsement, with a USDC prize competition announced for testing the platform.

Raydium's routing share on Jupiter aggregator falls to 10.7% (below 9% in latest data), down from 40% one year ago, as Humidifi leads with 42% share and $27.5B in monthly routed volume through Jupiter.

Market cap-to-revenue ratio stands at 14.4x, placing RAY 6th in valuation efficiency among top 10 DeFi projects by this metric.

Raydium records 83% increase in Network GDP during Q3, driven by the release of its launchpad product according to Token Terminal data.

Platform remains unaffected and fully operational during AWS outages.

@solsticefi's USX stablecoin integrates with Raydium, enabling delta-neutral yield strategies alongside compatibility with Orca and Kamino.

Dark pool HumidiFi surpasses Raydium in trading volume to become Solana's largest DEX, recording $1.1B daily, $9.698B weekly, and $34B monthly volume per DeFiLlama.

Repeated promotional activity detected between the platform and @FinanceCoinSOL token, explicitly characterized as shilling.

Zcash launches on Solana through Raydium and Helius partnership, with Universal creating $uZEC wrapper token for 1:1 Zcash exposure.

RAY experiences breakouts over the past 2 days alongside other altcoins, with continuation dependent on BTC maintaining above its 200-day simple moving average.

Grayscale report recognizes Raydium as a core Solana application, with the ecosystem generating $425M monthly fees and hosting 1,000+ developers second only to Ethereum.

Second migration group involving Raydium scheduled for early November through MigrateFun platform.

Raydium assists PayAI Network in migrating to their own liquidity pool on the platform.

Token buyback program is active, with RAY down 60% since the program commenced.

Zcash (ZEC) goes live with trading and liquidity provision capabilities, powered by Near Intents and Helius Labs integration.

Raydium launches tokenized equities trading, enabling onchain access to traditional markets.

3M ago

Raydium processed $1.75 billion in trading volume over the past 24 hours, breaking down to $72.9 million per hour.

$2.5K bounty program goes live on Superteam Earn for content creation focused on DeFi features, ecosystem partnerships, and yield strategies.

Weekend trading volume reaches $67M, placing the protocol third among Orderly DEXs by volume.

Raydium maintained two-sided market interest during a major market crash with $19B in liquidations, demonstrating operational resilience while other trading venues failed and pulled liquidity.

Token buybacks total $200m while circulating market cap sits at $500m, with price down 80% from year's high.

Protocol announces direct MetaMask compatibility, allowing users to access the AMM through the popular Ethereum wallet.

Token performance shows -51% decline in 2025, performing similarly to other major Solana ecosystem tokens which are collectively underperforming SOL.

DeFi Land's OnlyFarms mobile game integrates the protocol on Solana Mobile dApp store alongside Jupiter and other DeFi protocols, expanding presence into the mobile gaming sector.

September trading volume reaches $19B, placing the protocol 8th among major decentralized exchanges in monthly volume metrics.

New leveraged liquidity provision feature launches, allowing users to borrow funds to boost capital allocation on LP positions and earn increased fees.

Partnership with Solstice revealed through partner code program, offering liquidity providers on USX/eUSX pairs 10% APY and 10x Flares multiplier toward $SLX airdrop.

Protocol surpasses $200M in total RAY buybacks from revenue, with 72M RAY tokens (27% of circulating supply) repurchased to date.

America.fun launchpad ($aol) launches October 9th on Solana with USD1 token pairing, tagging Raydium alongside World Liberty Financial and bonk_fun as ecosystem partners.

USX stablecoin from Solstice has launched on the protocol following a stealth launch.

HumidiFi surpasses the protocol in 7-day trading volume to become the largest DEX on Solana with $8.554 billion, indicating a competitive shift in the ecosystem.

USD1 volume on Solana has expanded to over $4 billion, showing significant growth from previously reported metrics as the partnership drives adoption.

USD1 pools generate $1.2B cumulative volume in 2 weeks following recent integration.

The Graph's Token API Beta now includes tracking for Solana DEX data and historical pricing, with Raydium listed among the 60+ AMMs being integrated for data coverage.

A new partnership forms between the protocol, World Liberty Financial, and bonk_fun to support USD1 trading campaigns on Solana.

The protocol has executed a massive token buyback worth over $200M, representing approximately 27% of circulating supply.

The protocol reports $2.8M in holder revenues over the past 30 days, positioning it below competitors like Jupiter ($18M) and Aerodrome ($35M) in a comparative analysis of major DeFi protocols.

Aster surpasses the protocol in 24-hour trading volume, marking a notable competitive shift in Solana's DeFi landscape.

Allegations surface of heavy promotional activity for $FINANCE token, with claims of coordinated content copying from associated accounts.