Raydium revenue surges on StonkFun integration as RAY hits 11-month high
Raydium (RAY)
Editor:
Eugene Serbin
Cryptobriefing.com reports that Raydium recorded its highest weekly revenue since mid-2025, driven by the integration of StonkFun’s tokenized stock trading platform. On September 5, 2026, Raydium onboarded StonkFun via its LaunchLab infrastructure, slashing token launch costs from 0.29 SOL to 0.03 SOL, a 90% reduction. This lower barrier triggered immediate trading volume in assets tracking companies like Boeing and Roblox, pushing 30-day holders revenue to $4.43 million and total protocol revenue to $6.94 million.
The surge was marked by a single-day protocol revenue peak of nearly $440,000 on September 6, accompanied by a $640,788 buyback of RAY tokens. These buybacks, funded by protocol revenue, reduced circulating supply and supported the token’s price, which rallied 90% in a week to an 11-month high of $2.01. This marks a shift for the Solana-based DEX, which previously relied heavily on memecoin liquidity.
Tokenized-asset trading volume reached $2.09 billion in Q2 2026, signaling genuine demand for these repurposed launch tools. However, the move carries regulatory risk, as synthetic stock tokens occupy a gray area that could attract enforcement actions.
How the market reacted
Whalio's own Binance spot order flow for RAY, measured when this story was written up on 29 September 2026. Not the outlet's figures.
RAY is currently trading at $1.90, with the 1-hour buy ratio at 63.3% and the 4-hour buy ratio at 58.3%, indicating strong short-term buying pressure. In contrast, the 24-hour buy ratio has dropped to 45.5%, suggesting that buying momentum is fading over a longer timeframe. The 1-hour volume delta is positive at +$85,340, while the 4-hour delta is +$255,980, showing recent inflows. However, the 24-hour volume delta is -$932,082, indicating net selling over the last day. A positive volume delta means more money is flowing into buys than sells, while a negative delta indicates net outflows from buying pressure.
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 average buy ratio was 50.3%, meaning today’s 24-hour ratio of 45.5% is 4.8 percentage points lower than the weekly average. Volume was 0.90x the weekly average, indicating a quieter trading day than usual. The coin saw net buying on 5 of the last 7 days, with a total volume delta of +$562,261 over that period. Price increased by 5.4% over the 8-day window. This suggests that while the recent day is less active than the weekly norm, the broader trend has remained positive.