Raydium and Orca tokenized stock volume rises on Solana
Raydium (RAY)
Editor:
Eugene Serbin
Thecryptocurrencypost.net reports that Raydium and Orca recorded meaningful increases in tokenized stock trading volume on Solana decentralized exchanges over the past seven days. Data from Token Terminal highlights a shift in activity concentration across these venues. Raydium CPMM and Raydium LaunchLab each added $51.5 million in volume compared to the prior seven-day period.
Orca Whirlpools saw an increase of $45.8 million in the same timeframe. These figures indicate stronger usage of both platforms for tokenized equity trading. However, the data does not confirm whether this reflects sustained demand or a short-term burst.
The report notes that specific assets, traders, and routing patterns behind the increase remain unidentified. A separate on-chain dashboard tracking Solana tokenized equities reinforces that this trend is visible on-chain. The clearest takeaway is that Raydium captured a larger aggregate increase across its venues than Orca.
How the market reacted
Whalio's own Binance spot order flow for RAY, measured when this story was written up on 1 October 2026. Not the outlet's figures.
RAY is trading at $1.95 with a 1-hour buy ratio of 61.2%, indicating strong immediate buying pressure. This contrasts with the 4-hour buy ratio of 44.9% and the 24-hour ratio of 48.7%, suggesting short-term momentum is outpacing the broader daily trend. Volume delta shows +$42,377 in the last hour, while the 4-hour and 24-hour deltas are negative at -$88,186 and -$232,301 respectively. The negative 24-hour volume delta of -$232,307, combined with a CVD of -$322,307, signals that net selling pressure has dominated the day despite recent buying. Spot volume reached $8,812,087 over 24 hours with 75,627 trades. Buying pressure appears to be building in the immediate short term but remains weaker over the full day.
The latest daily buy ratio of 45.0% sits at the 11th percentile of the last 322 days, against a median of 50.1% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for RAY, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 49.9%, which is slightly higher than today's 24-hour ratio of 48.7%. The latest day's buy ratio is -1.2 points below this weekly average, indicating a slight deviation from the norm. Volume was 0.78x the average, showing lower activity than usual. Net buying occurred on 4 of the 7 days, with a total volume delta of +$523,523 over the period. The price changed -1.6% over 8 days, reflecting a modest decline. This suggests today's activity is within the bounds of ordinary trading patterns, albeit with lower volume than the weekly average.