Raydium records highest weekly revenue since mid-2025 as tokenized equities reshape Solana’s biggest DEX

Raydium, the largest decentralized exchange on Solana, just posted its best weekly revenue numbers in over a year. The catalyst wasn’t another memecoin frenzy. It was tokenized stocks. The protocol’s 30-day holders revenue climbed to $4.43 million, with $1.19 million of that coming from the most recent seven-day window alone. Total protocol revenue over the trailing 30-day period hit $6.94 million, a level the DEX hasn’t touched since the summer of 2025. StonkFun changes the economics The revenue spike traces back to a single integration. On September 5, 2026, Raydium onboarded StonkFun, a platform built around tokenized equities, through its LaunchLab infrastructure. The move collapsed the cost of deploying a new token from 0.29 SOL to 0.03 SOL. That’s roughly a 90% reduction in launch fees. The cheaper on-ramp triggered an immediate wave of tokenized equity trading. Assets tracking well-known companies like Boeing and Roblox started seeing meaningful volume flow through Raydium’s pools. Just one day after the integration, on September 6, Raydium logged a single-day protocol revenue peak of nearly $440,000. That same day, protocol buybacks of Raydium’s governance token RAY reached...