[REVISION HISTORY]

Raydium token price and activity surge

Updated 5 times since CLSTR started tracking revisions of this situation.

What changed

2026-10-09 04:25 UTC → 2026-10-22 17:26 UTC · added ~~removed~~

The Raydium (RAY) token has ~~continued its~~ experienced a significant price rally, driven by increased activity on the Solana-based decentralized exchange. Following an initial surge that saw the token rise above $1, the price recently climbed between $1.76 and $1.82, representing a 30-day increase of approximately 145%. This growth is bolstered by high protocol utility and market share. Raydium recently captured 64% of StonkFun’s $2.67 billion total trading volume, processing $1.713 billion. Consequently, the protocol’s Total Value Locked (TVL) has risen to $1.26 billion, with 24-hour holder revenue reaching $280,000. Building on this momentum, the RAY token reached a recent high of $2.12, coinciding with the integration of new assets such as the USDv dollar stablecoin by Solomon Labs and a Solana-based version of Injective (INJ). To support the USDv launch, Raydium committed $1 million from its treasury and pledged to support its trading pairs. These additions contributed to a surge in activity, with network trading volume doubling to $185 million over a 24-hour period and futures volume increasing threefold to $25.25 million. Raydium has since expanded its LaunchLab infrastructure to support any token pair, allowing new Solana tokens to launch against assets including tokenized equities and exchange-traded funds (ETFs). Following the integration of StonkFun, the cost of launching a new token dropped from 0.29 SOL to 0.03 SOL, driving volume for assets tracking companies like Boeing and Roblox. This shift contributed to the highest weekly revenue in over a year, with 30-day holder revenue reaching $4.43 million. During a one-week period, the RAY token saw a price rally of approximately 90% following significant protocol buybacks, though the expansion into tokenized products introduces potential regulatory questions regarding securities. ~~Most~~ More recently, ~~the RAY token experienced an 11% price increase within a~~ Raydium recorded $192.2 million in 24-hour ~~period, reaching fresh local highs.~~ trading volume on October 7, 2026, narrowly surpassing PumpFun’s PumpSwap.

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